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[8-K] The Bancorp Inc. Reports Material Event

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Rhea-AI Filing Summary

Enovix Corp (ENVX) � Form 4 insider filing

Chief Accounting Officer Kristina Truong reported a Code F transaction on 07/13/2025, indicating that 1,013 common shares were withheld to cover taxes upon the vesting of restricted stock units (RSUs). The shares were valued at $14.07 each, an implied tax-withholding value of roughly $14,200. Following the withholding, the insider’s direct beneficial ownership stands at 207,112 common shares, which includes 173,617 un-settled RSUs.

No open-market purchases or sales occurred, and no new derivative positions were created or exercised. The filing is largely administrative, reflecting routine equity compensation settlement rather than a discretionary trade.

Enovix Corp (ENVX) � Comunicazione interna Modulo 4

La Chief Accounting Officer Kristina Truong ha segnalato una transazione di Codice F in data 13/07/2025, indicando che 1.013 azioni ordinarie sono state trattenute per coprire le tasse al momento del consolidamento delle unità di azioni vincolate (RSU). Le azioni sono state valutate a 14,07 $ ciascuna, con un valore fiscale implicito di circa 14.200 $. Dopo la trattenuta, la proprietà diretta dell’insider ammonta a 207.112 azioni ordinarie, di cui 173.617 RSU non ancora liquidate.

Non sono stati effettuati acquisti o vendite sul mercato aperto, né sono state create o esercitate nuove posizioni in derivati. La comunicazione è principalmente di natura amministrativa, riflettendo una normale liquidazione di compensi azionari piuttosto che un’operazione discrezionale.

Enovix Corp (ENVX) � Presentación interna Formulario 4

La Directora de Contabilidad Kristina Truong reportó una transacción de Código F el 13/07/2025, indicando que se retuvieron 1,013 acciones ordinarias para cubrir impuestos tras la consolidación de unidades restringidas de acciones (RSUs). Las acciones se valoraron en $14.07 cada una, con un valor implícito de retención fiscal de aproximadamente $14,200. Tras la retención, la propiedad directa del insider es de 207,112 acciones ordinarias, incluyendo 173,617 RSUs no liquidadas.

No se realizaron compras ni ventas en el mercado abierto, ni se crearon o ejercieron nuevas posiciones derivadas. La presentación es principalmente administrativa, reflejando una liquidación rutinaria de compensación accionaria más que una operación discrecional.

Enovix Corp (ENVX) � 내부� 보고� Form 4

최고회계책임ìž� í¬ë¦¬ìŠ¤í‹°ë‚� 트루ì˜�(Kristina Truong)ì€ 2025ë…� 7ì›� 13ì� 코드 F 거래ë¥� 보고했으ë©�, 제한 ì£¼ì‹ ë‹¨ìœ„(RSU)ê°€ 확정ë˜ë©´ì„� 세금 ë‚©ë¶€ë¥� 위해 1,013ì£� 보통주가 ì›ì²œì§•수ë˜ì—ˆìŒì„ 나타냅니ë‹�. 주당 가치는 $14.07ë¡�, 대ëž� $14,200ì� 세금 ì›ì²œì§•수 가치가 추정ë©ë‹ˆë‹�. ì›ì²œì§•수 í›� ë‚´ë¶€ìžì˜ ì§ì ‘ 보유 주ì‹ì€ 207,112ì£� 보통ì£�ì´ë©°, ê·� ì¤� 173,617주는 ì•„ì§ ì •ì‚°ë˜ì§€ ì•Šì€ RSU입니ë‹�.

시장 ë‚� 매수ë‚� 매ë„ëŠ� 없었ê³�, 새로ìš� 파ìƒìƒí’ˆ í¬ì§€ì…˜ë„ ìƒì„±ë˜ê±°ë‚� 행사ë˜ì§€ 않았습니ë‹�. ì´ë²ˆ ë³´ê³ ëŠ� 주로 행정ì ì¸ 성격으로, ìž„ì˜ ë§¤ë§¤ê°€ 아닌 정기ì ì¸ ì£¼ì‹ ë³´ìƒ ì •ì‚°ì� ë°˜ì˜í•©ë‹ˆë‹�.

Enovix Corp (ENVX) � Déclaration interne Formulaire 4

La Directrice Comptable Kristina Truong a déclaré une transaction de Code F le 13/07/2025, indiquant que 1 013 actions ordinaires ont été retenues pour couvrir les impôts lors de l’acquisition des unités d’actions restreintes (RSU). Les actions ont été évaluées à 14,07 $ chacune, soit une valeur de retenue fiscale implicite d’environ 14 200 $. Après cette retenue, la détention directe de l’initié s’élève à 207 112 actions ordinaires, incluant 173 617 RSU non encore réglées.

Aucun achat ou vente sur le marché ouvert n’a eu lieu, et aucune nouvelle position dérivée n’a été créée ou exercée. Le dépôt est principalement administratif, reflétant un règlement habituel de rémunération en actions plutôt qu’une transaction discrétionnaire.

Enovix Corp (ENVX) � Form 4 Insider-Meldung

Die Chief Accounting Officer Kristina Truong meldete am 13.07.2025 eine Code F-Transaktion, bei der 1.013 Stammaktien einbehalten wurden, um Steuern bei der Vesting von Restricted Stock Units (RSUs) zu begleichen. Die Aktien wurden mit 14,07 $ pro Stück bewertet, was einem geschätzten Steuerabzugswert von etwa 14.200 $ entspricht. Nach dem Einbehalt besitzt der Insider direkt 207.112 Stammaktien, darunter 173.617 noch nicht abgewickelte RSUs.

Es fanden keine Käufe oder Verkäufe am offenen Markt statt, und es wurden keine neuen Derivatepositionen geschaffen oder ausgeübt. Die Meldung ist überwiegend administrativer Natur und spiegelt eine routinemäßige Abwicklung von Aktienvergütungen wider, keine diskretionäre Transaktion.

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Insights

TL;DR: Routine RSU tax-withholding; immaterial impact, ownership remains >200k shares.

The Code F disposition signals an automatic share withholding to satisfy tax obligations tied to RSU vesting, not a discretionary sale. Only 1,013 shares (<1% of the insider’s post-transaction holdings) were removed, leaving 207,112 shares under beneficial ownership, of which 173,617 are still un-settled RSUs. The dollar value (~$14k) is negligible relative to Enovix’s daily trading volume and market capitalization. Consequently, the filing is neutral for investors, offering no insight into management’s outlook or operational performance.

Enovix Corp (ENVX) � Comunicazione interna Modulo 4

La Chief Accounting Officer Kristina Truong ha segnalato una transazione di Codice F in data 13/07/2025, indicando che 1.013 azioni ordinarie sono state trattenute per coprire le tasse al momento del consolidamento delle unità di azioni vincolate (RSU). Le azioni sono state valutate a 14,07 $ ciascuna, con un valore fiscale implicito di circa 14.200 $. Dopo la trattenuta, la proprietà diretta dell’insider ammonta a 207.112 azioni ordinarie, di cui 173.617 RSU non ancora liquidate.

Non sono stati effettuati acquisti o vendite sul mercato aperto, né sono state create o esercitate nuove posizioni in derivati. La comunicazione è principalmente di natura amministrativa, riflettendo una normale liquidazione di compensi azionari piuttosto che un’operazione discrezionale.

Enovix Corp (ENVX) � Presentación interna Formulario 4

La Directora de Contabilidad Kristina Truong reportó una transacción de Código F el 13/07/2025, indicando que se retuvieron 1,013 acciones ordinarias para cubrir impuestos tras la consolidación de unidades restringidas de acciones (RSUs). Las acciones se valoraron en $14.07 cada una, con un valor implícito de retención fiscal de aproximadamente $14,200. Tras la retención, la propiedad directa del insider es de 207,112 acciones ordinarias, incluyendo 173,617 RSUs no liquidadas.

No se realizaron compras ni ventas en el mercado abierto, ni se crearon o ejercieron nuevas posiciones derivadas. La presentación es principalmente administrativa, reflejando una liquidación rutinaria de compensación accionaria más que una operación discrecional.

Enovix Corp (ENVX) � 내부� 보고� Form 4

최고회계책임ìž� í¬ë¦¬ìŠ¤í‹°ë‚� 트루ì˜�(Kristina Truong)ì€ 2025ë…� 7ì›� 13ì� 코드 F 거래ë¥� 보고했으ë©�, 제한 ì£¼ì‹ ë‹¨ìœ„(RSU)ê°€ 확정ë˜ë©´ì„� 세금 ë‚©ë¶€ë¥� 위해 1,013ì£� 보통주가 ì›ì²œì§•수ë˜ì—ˆìŒì„ 나타냅니ë‹�. 주당 가치는 $14.07ë¡�, 대ëž� $14,200ì� 세금 ì›ì²œì§•수 가치가 추정ë©ë‹ˆë‹�. ì›ì²œì§•수 í›� ë‚´ë¶€ìžì˜ ì§ì ‘ 보유 주ì‹ì€ 207,112ì£� 보통ì£�ì´ë©°, ê·� ì¤� 173,617주는 ì•„ì§ ì •ì‚°ë˜ì§€ ì•Šì€ RSU입니ë‹�.

시장 ë‚� 매수ë‚� 매ë„ëŠ� 없었ê³�, 새로ìš� 파ìƒìƒí’ˆ í¬ì§€ì…˜ë„ ìƒì„±ë˜ê±°ë‚� 행사ë˜ì§€ 않았습니ë‹�. ì´ë²ˆ ë³´ê³ ëŠ� 주로 행정ì ì¸ 성격으로, ìž„ì˜ ë§¤ë§¤ê°€ 아닌 정기ì ì¸ ì£¼ì‹ ë³´ìƒ ì •ì‚°ì� ë°˜ì˜í•©ë‹ˆë‹�.

Enovix Corp (ENVX) � Déclaration interne Formulaire 4

La Directrice Comptable Kristina Truong a déclaré une transaction de Code F le 13/07/2025, indiquant que 1 013 actions ordinaires ont été retenues pour couvrir les impôts lors de l’acquisition des unités d’actions restreintes (RSU). Les actions ont été évaluées à 14,07 $ chacune, soit une valeur de retenue fiscale implicite d’environ 14 200 $. Après cette retenue, la détention directe de l’initié s’élève à 207 112 actions ordinaires, incluant 173 617 RSU non encore réglées.

Aucun achat ou vente sur le marché ouvert n’a eu lieu, et aucune nouvelle position dérivée n’a été créée ou exercée. Le dépôt est principalement administratif, reflétant un règlement habituel de rémunération en actions plutôt qu’une transaction discrétionnaire.

Enovix Corp (ENVX) � Form 4 Insider-Meldung

Die Chief Accounting Officer Kristina Truong meldete am 13.07.2025 eine Code F-Transaktion, bei der 1.013 Stammaktien einbehalten wurden, um Steuern bei der Vesting von Restricted Stock Units (RSUs) zu begleichen. Die Aktien wurden mit 14,07 $ pro Stück bewertet, was einem geschätzten Steuerabzugswert von etwa 14.200 $ entspricht. Nach dem Einbehalt besitzt der Insider direkt 207.112 Stammaktien, darunter 173.617 noch nicht abgewickelte RSUs.

Es fanden keine Käufe oder Verkäufe am offenen Markt statt, und es wurden keine neuen Derivatepositionen geschaffen oder ausgeübt. Die Meldung ist überwiegend administrativer Natur und spiegelt eine routinemäßige Abwicklung von Aktienvergütungen wider, keine diskretionäre Transaktion.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

Form 8-K

 

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 10, 2025 

 

The Bancorp, Inc. 

(Exact name of registrant as specified in its charter)

 

Commission File Number: 000-51018

 

Delaware   23-3016517 
(State or other jurisdiction of   (IRS Employer
incorporation)   Identification No.)

 

409 Silverside Road

Wilmington, DE 19809

(Address of principal executive offices, including zip code)

 

302-385-5000 

(Registrant’s telephone number, including area code)

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class  

Trading

Symbol(s)

  Name of each exchange on which registered
Common Stock, par value $1.00 per share   TBBK   Nasdaq Global Select

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

 

[_] Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [_]

 

 

     
 
 
Item 8.01.Other Events.

 

Expansion of Partnership with Block, Inc.

 

On July 10, 2025, The Bancorp, Inc. (the “Company”), through its wholly owned subsidiary, The Bancorp Bank, N.A. (the “Bank”), amended its Master Services Agreement dated December 12, 2023 with Block, Inc. (“Block”) by entering into a Card Issuing Addendum which provides for debit and prepaid card issuance and related services for Cash App customers. The initial term of the addendum is for a period of five (5) years. The Bank expects the expansion of these services to Block to begin in 2026 and will provide material updates on the program as it progresses through the implementation cycle.

 

Cautionary Statement Regarding Forward-Looking Statements

 

This Current Report on Form 8-K may contain “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements provide management’s current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Sentences containing words such as “believe,” “intend,” “plan,” “may,” “expect,” “should,” “could,” “anticipate,” “estimate,” “predict,” “project,” or their negatives, or other similar expressions of a future or forward-looking nature generally should be considered forward-looking statements. Forward-looking statements in this Current Report, such as statements relating to the expanded partnership with Block, are based on management’s current expectations and assumptions about future events that involve inherent risks and uncertainties. While the Company considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. The Company undertakes no obligation to review or update any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law.

 

 

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: July 14, 2025 THE BANCORP, INC.
     
  By: /s/ Martin Egan
  Name: Martin Egan
  Title: MD, Interim Chief Financial Officer and Chief Accounting Officer
     

 

FAQ

What transaction did Enovix (ENVX) report on Form 4?

A Code F disposition of 1,013 common shares withheld for taxes upon RSU vesting on 07/13/2025.

Who is the reporting insider in the ENVX Form 4 filing?

Kristina Truong, Chief Accounting Officer of Enovix Corporation.

How many ENVX shares does the insider own after the transaction?

The insider beneficially owns 207,112 common shares, including 173,617 shares underlying RSUs.

Did the filing involve open-market buying or selling of ENVX stock?

No. The shares were automatically withheld for tax purposes; no open-market activity occurred.

What was the price used for the tax-withholding shares?

The shares were valued at $14.07 each according to the filing.
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