FORM 4
☐ Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Neilon Jay M		 2. Issuer Name and Ticker or Trading Symbol

REPUBLIC FIRST BANCORP INC [ FRBK ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Credit Officer
(Last)          (First)          (Middle)

50 SOUTH 16TH STREET, SUITE 2400		 3. Date of Earliest Transaction (MM/DD/YYYY)

2/18/2022
(Street)

PHILADELPHIA, PA 19102		 4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)        (State)        (Zip)
Rule 10b5-1(c) Transaction Indication
☐ Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 2/18/2022  M  3375 A (1)50000 D  
Common Stock 2/18/2023  M  3375 A (1)53375 D  
Common Stock 2/18/2023  F  1223 D$2.03 52152 D  
Common Stock 3/21/2023  M  3750 A (1)55902 D  
Common Stock 3/21/2023  F  1127 D$1.19 54775 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options $3.6800           2/28/2015 2/28/2024 Common Stock 12000  12000 D  
Stock Options $3.5500           3/12/2016 3/12/2025 Common Stock 12000  12000 D  
Stock Options $3.9900           2/23/2017 2/26/2026 Common Stock 12000  12000 D  
Stock Options $8.0000           2/28/2018 2/28/2027 Common Stock 25000  25000 D  
Stock Options $8.4000           2/22/2019 2/22/2028 Common Stock 30000  30000 D  
Stock Options $6.6000           2/19/2020 2/19/2029 Common Stock 40000  40000 D  
Stock Options $3.0100           2/27/2021 2/27/2030 Common Stock 40000  40000 D  
Restricted Stock Unit  (1)2/18/2022  M     $3375   (2)2/18/2031 Common Stock 3375 $0 10125 D  
Restricted Stock Unit  (1)2/18/2023  M     $3375   (2)2/18/2031 Common Stock 3375 $0 6750 D  
Restricted Stock Unit  (1)3/21/2023  M     $3750   (3)3/21/2032 Common Stock 3750 $0 11250 D  
Restricted Stock Unit  (1)2/21/2023  A   $45000     (4)2/21/2033 Common Stock 45000 $0 45000 D  
Explanation of Responses:
(1) Restricted stock units convert into common stock or cash upon vesting at the election of the Issuer.
(2) Restricted stock units vest at a rate of 25% per year commencing February 18, 2022.
(3) Restricted stock units vest at a rate of 25% per year commencing March 21, 2023.
(4) Restricted stock units vest at a rate of 25% per year commencing February 21, 2024.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Neilon Jay M
50 SOUTH 16TH STREET
SUITE 2400
PHILADELPHIA, PA 19102

Chief Credit Officer
Signatures
/s/ Jay M. Neilon5/18/2023
**Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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