Jeff Starke, an officer at Republic Bancorp, has filed a Form 144 to sell 820 shares of the bank's Class A common stock. This filing, dated October 29, 2026, is significant as it may reflect a change in Starke's personal investment strategy.

Republic Bancorp, based in Louisville, Kentucky, is classified under the SIC code for state commercial banks. The bank is known for its financial services and has a substantial presence in the local market. The recent filing is part of an ongoing series of disclosures made by Starke, who has been active in reporting his stock transactions.

According to the filing, the shares are being sold through UBS Financial Services Inc. The total market value of the 820 shares is approximately $75,000. The filing also notes that Starke acquired 2,005 shares through an options exercise just a day prior, indicating a strategic approach to managing his holdings.

This sale could impact various stakeholders, including Republic Bancorp's investors, employees, and customers. As an officer, Starke's financial decisions may influence perceptions of the bank's stability and future prospects.

The filing does not specify what actions may follow this sale, leaving stakeholders to consider the implications of Starke's decision.

Details of the Filing

The Form 144 indicates that the shares being sold are part of a larger pool of 17,497,409 shares of Class A common stock that are currently outstanding. This suggests that Starke's sale represents a small fraction of the total shares available, which may mitigate concerns regarding the impact of his sale on the overall stock price.

Additionally, the filing specifies that Starke's shares were acquired through an options exercise related to the Republic Bank Employee Stock Purchase Plan (ESPP). This indicates a structured approach to equity compensation, allowing employees to purchase shares at a favorable rate, and highlights the bank's commitment to employee ownership.

"The nature of the acquisition transaction was an options exercise, which underscores the importance of stock options as a component of executive compensation at Republic Bancorp."

Broker Information

The transaction is being facilitated by UBS Financial Services Inc., a well-known brokerage firm based in Weehawken, New Jersey. This partnership may provide Starke with access to professional financial services and market insights as he manages his investment portfolio.

The filing also includes a signature from Mijo Suric, acting as attorney-in-fact for Jeffrey Starke, which is a standard procedure for such transactions, ensuring that all legal requirements are met in the sale of securities.