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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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 * CROCE MICHAEL 2. Issuer Name and Ticker or Trading Symbol Stock Yards Bancorp, Inc. [ SYBT ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Executive Vice President
(Last)         (First)         (Middle)
PO BOX 32890
3. Date of Earliest Transaction (MM/DD/YYYY)
2/25/2021
(Street)
LOUISVILLE, KY 40232
(City)       (State)       (Zip)
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

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                 7639  I  by 401k/ESOP-fbo Michael Croce 
Common Stock                 15587  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 Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. 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 Date 7. 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Appreciation Right  $35.9000                  2/20/2019  2/20/2028  Common Stock  3162    3162  D   
Stock Appreciation Right  $19.4400                  6/24/2015  6/24/2024  Common Stock  3240    3240  D   
Stock Appreciation Right  $22.9600                  3/17/2016  3/17/2025  Common Stock  4236    4236  D   
Stock Appreciation Right  $25.7600                  3/15/2017  3/15/2026  Common Stock  5979    5979  D   
Stock Appreciation Right  $40.0000                  3/21/2018  3/21/2027  Common Stock  3222    3222  D   
Stock Appreciation Right  $36.6500                  2/19/2020  2/19/2029  Common Stock  3226    3226  D   
Stock Appreciation Right  $37.3000                  2/25/2021  2/25/2030  Common Stock  3801    3801  D   
Stock Appreciation Right  $50.71  2/25/2021    A     2261      2/25/2022  2/25/2031  Common Stock  2261  $0  2261  D   

Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
CROCE MICHAEL
PO BOX 32890
LOUISVILLE, KY 40232


Executive Vice President

Signatures
/s/ Michael Croce 3/1/2021
**Signature of Reporting Person Date
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