[Form 4] GERMAN AMERICAN BANCORP, INC. Insider Trading Activity

Rhea-AI Filing Summary

German American Bancorp, Inc. (GABC) reporting person Jack Sheidler purchased 50.174 shares of common stock on 09/15/2025 through the companys Dividend Reinvestment and Stock Purchase Plan at a price of $40.8578 per share. Following the transaction, the reporting person beneficially owns 66,597.7779 shares. The filing indicates the purchase resulted from a prior election to direct director compensation into the Dividend Reinvestment Plan and was reported on Form 4 by a single reporting person. The filing is signed by an attorney-in-fact on 09/17/2025.

Positive

• Director increased beneficial ownership by 50.174 shares through the Issuers Dividend Reinvestment and Stock Purchase Plan
• Transaction disclosed promptly on Form 4 and filed by one reporting person with attorney-in-fact signature

Negative

• None.

Insights

Securities Analyst

TL;DR: A director modestly increased equity via automatic reinvestment; this is a routine, non-disruptive insider purchase.

The transaction is a small, non-derivative acquisition of 50.174 shares executed under the issuers Dividend Reinvestment and Stock Purchase Plan at $40.8578 per share. The filing reports total beneficial ownership of 66,597.7779 shares for the reporting person. This is an administrative disclosure of a compensation-directed purchase rather than an open-market strategic buy; it does not indicate a change in control or a material shift in insider ownership percentage given the absolute size disclosed.

Corporate Governance Expert

TL;DR: Filing documents a routine director compensation election and DRIP participation; disclosure meets Section 16 reporting requirements.

The Form 4 records that the reported purchase was effected pursuant to a prior election by the director to use director compensation to purchase shares through the Dividend Reinvestment Plan. The form is filed by one reporting person and includes an attorney-in-fact signature dated 09/17/2025. No departures, option grants, or derivative transactions are reported. From a governance perspective, this is standard disclosure of insider participation in an issuer-sponsored plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SHEIDLER JACK

(Last) (First) (Middle)

711 MAIN STREET

P O BOX 810

(Street)

JASPER IN 47546

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GERMAN AMERICAN BANCORP, INC. [ GABC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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	09/15/2025	09/16/2025	P		50.174(1)	A	$40.8578	66,597.7779(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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

Explanation of Responses:

1. The reported transaction was effected pursuant to a prior election made by the Reporting Person to use a portion of his director compensation to purchase shares of common stock through participation in the Issuer's Dividend Reinvestment and Stock Purchase Plan (the "Dividend Reinvestment Plan").

2. Includes shares acquired pursuant to the Dividend Reinvestment Plan.

	/s/ Bradley C. Arnett, Attorney-in-Fact	09/17/2025
	** Signature of Reporting Person	Date
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 Number.

FAQ

What did GABC director Jack Sheidler report on Form 4?

The report shows a purchase of 50.174 common shares on 09/15/2025 via the Dividend Reinvestment and Stock Purchase Plan at $40.8578 per share.

How many GABC shares does the reporting person own after the transaction?

The filing states the reporting person beneficially owns 66,597.7779 shares following the transaction.

Was this purchase part of a stock option or derivative transaction for GABC?

No. The Form 4 reports a non-derivative common stock purchase under the Dividend Reinvestment Plan; no derivatives were reported.

Why was the purchase made according to the filing?

The filing explains the purchase was effected pursuant to a prior election to use a portion of director compensation to buy shares through the Dividend Reinvestment Plan.

When was the Form 4 signed and filed for this GABC transaction?

The signature by an attorney-in-fact is dated 09/17/2025, and the transaction date is 09/15/2025.