German American Bancorp director buys 391 shares

GERMAN AMERICAN BANCORP, INC.

Rhea-AI Filing Summary

GERMAN AMERICAN BANCORP, INC. (GABC) director Zachary W. Bawel reported purchasing 391.2539 shares of common stock on 2026-08-17 at $51.1177 per share. Following this transaction, he holds 26,665.9599 shares directly, plus 2,748 shares held indirectly through a revocable trust. The purchase resulted from a prior election to use a portion of director compensation to buy shares under the Dividend Reinvestment and Stock Purchase Plan.

Insider Trade Summary

Net Buyer: 391.2539 shares

Net Buy 2 txns

Insider Bawel Zachary W

Role Director

Bought 391.2539 shs ($20K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	391.2539	$51.1177	$20K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 26,665.9599 shares (Direct); Common Stock — 2,748 shares (Indirect, Held by Revocable Trust)

Footnotes (1)

1. F1. The reported transaction was effected pursuant to a prior election made by the Reporting Person to use a portion of her director compensation to purchase shares of common stock through participation in the Issuer's Dividend Reinvestment and Stock Purchase Plan.

Key Figures

Shares purchased: 391.2539 shares Purchase price: $51.1177 per share Direct holdings after transaction: 26,665.9599 shares +2 more

5 metrics

Shares purchased 391.2539 shares Common Stock purchased on 2026-08-17

Purchase price $51.1177 per share Price for Common Stock purchased on 2026-08-17

Direct holdings after transaction 26,665.9599 shares Direct Common Stock ownership following the purchase

Indirect holdings 2,748.0000 shares Common Stock held indirectly by Revocable Trust

Net buy shares 391.2539 shares Net buy activity across reported non-derivative transactions

Key Terms

Dividend Reinvestment and Stock Purchase Plan, Revocable Trust, indirect

3 terms

Dividend Reinvestment and Stock Purchase Plan financial

"purchase shares of common stock through participation in the Issuer's Dividend Reinvestment and Stock Purchase Plan"

A dividend reinvestment and stock purchase plan lets investors automatically use cash dividends to buy additional shares and often make extra share purchases directly from the company, usually at low or no commission. Think of it as an automatic savings plan for stock: dividends and optional contributions are turned into more shares, helping ownership grow through compounding and making regular investing simple and low-cost—key for long-term investors.

Revocable Trust financial

"total_shares_following_transaction"..."nature_of_ownership":"Held by Revocable Trust""

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

indirect financial

""ownership_type":"indirect","ownership_code":"I""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did GABC director Zachary W. Bawel report?

Zachary W. Bawel reported purchasing 391.2539 GABC shares of common stock on 2026-08-17 at $51.1177 per share. The transaction was executed through a prior election to use part of his director compensation under the company’s Dividend Reinvestment and Stock Purchase Plan.

How many GABC shares does Zachary W. Bawel own after this Form 4 transaction?

After the reported transaction, Zachary W. Bawel owns 26,665.9599 GABC shares directly. He also has 2,748 GABC shares held indirectly through a revocable trust, according to the filing’s holdings information for common stock.

What was the purchase price for the GABC shares bought by Zachary W. Bawel?

The reported purchase price was $51.1177 per GABC share for 391.2539 shares of common stock. This price reflects the transaction executed through participation in German American Bancorp’s Dividend Reinvestment and Stock Purchase Plan.

Was the GABC insider purchase by Zachary W. Bawel made under a trading plan?

The filing indicates the purchase followed a prior election to use part of director compensation to buy stock via the Dividend Reinvestment and Stock Purchase Plan. The Rule 10b5-1 checkbox is not marked as a trading-plan transaction.

How many GABC shares are held indirectly for Zachary W. Bawel?

The Form 4 reports 2,748 GABC shares of common stock held indirectly for Zachary W. Bawel through a revocable trust, in addition to his directly held shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/18/2026 - 03:05 PM Accepted by SEC EDGAR 08/18/2026 - 03:04 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bawel Zachary W

(Last) (First) (Middle)

711 MAIN ST

P O BOX 810

(Street)

JASPER INDIANA 47546

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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								2,748	I	Held by Revocable Trust
Common Stock	08/17/2026	08/18/2026	P		391.2539(1)	A	$51.1177	26,665.9599	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 her director compensation to purchase shares of common stock through participation in the Issuer's Dividend Reinvestment and Stock Purchase Plan.

	/s/ Bradley C. Arnett, Attorney-in-Fact	08/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)