SYBT Stock Yards Bancorp Inc

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 * THOMPSON KATHY C	2. Issuer Name and Ticker or Trading Symbol Stock Yards Bancorp, Inc. [ sybt ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) Sr. Executive Vice President
(Last)          (First)          (Middle) PO BOX 32890	3. Date of Earliest Transaction (MM/DD/YYYY) 3/31/2021
(Street) LOUISVILLE, KY 40232-2890 (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								34753	I	KSOP-FBO Kathy Thompson
Common Stock	3/31/2021		S		4000	D	$50.82	28964 (1)	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	$22.96							3/17/2016	3/17/2025	Common Stock	9885		1977	D
Stock Appreciation Right	$25.76							3/15/2017	3/15/2026	Common Stock	11362		2273	D
Stock Appreciation Right	$40							3/21/2018	3/21/2027	Common Stock	5962		5962	D
Stock Appreciation Right	$35.9							2/20/2019	2/20/2028	Common Stock	5739		5739	D
Stock Appreciation Right	$36.65							2/19/2020	2/19/2029	Common Stock	5782		5782	D
Stock Appreciation Right	$37.3							2/25/2021	2/25/2030	Common Stock	6589		6589	D
Stock Appreciation Right	$50.71							2/25/2022	2/25/2031	Common Stock	3920		3920	D

Explanation of Responses:
(1)	Includes shares acquired through automatic dividend reinvestment.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
THOMPSON KATHY C PO BOX 32890 LOUISVILLE, KY 40232-2890	X		Sr. Executive Vice President

Signatures
Kathy C. Thompson		4/1/2021
**Signature of Reporting Person		Date