GABC Form 4: Director Bawel acquires 503.3207 shares via DRIP

Rhea-AI Filing Summary

Zachary W. Bawel, a director of German American Bancorp, Inc. (GABC), reported a transaction under Section 16. The filing shows a purchase of 503.3207 shares of the issuer's common stock on 08/15/2025 at a price of $39.7361 per share executed pursuant to prior election to use director compensation to buy shares through the company's Dividend Reinvestment and Stock Purchase Plan.

The form also records 2,748 shares held indirectly in a revocable trust and lists total beneficial ownership following the reported transaction as 23,300.8386 shares.

Positive

• Director increased equity stake by acquiring 503.3207 shares through the issuers Dividend Reinvestment and Stock Purchase Plan
• Transaction executed via pre-established plan, indicating adherence to an existing compensation election rather than an ad-hoc trade
• Form 4 filed and signed, showing compliance with Section 16 reporting requirements

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider purchase via DRIP increases directors stake by 503.3207 shares at $39.7361, indicating continued executive participation.

The reported purchase is small relative to typical institutional transactions and was executed under the issuers dividend reinvestment and stock purchase plan, suggesting it follows a pre-established compensation election. The transaction increases the reporting persons beneficial ownership to 23,300.8386 shares, which may modestly align his interests with shareholders but is not material enough alone to affect control or valuation.

Corporate Governance Expert

TL;DR: Disclosure reflects compliance with Section 16 reporting and use of a standard DRIP election by a director.

The filing clearly identifies the reporting person as a director and documents the acquisition mechanism as an election to convert director compensation into common stock under the companys plan. The timely Form 4 filing and the signature by an attorney-in-fact indicate procedural compliance; there are no governance red flags or departures reported.

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 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)
08/15/2025

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								2,748	I	Held by Revocable Trust
Common Stock	08/15/2025	08/18/2025	P		503.3207(1)	A	$39.7361	23,300.8386	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.

	/s/ Bradley C. Arnett, Attorney-in-Fact	08/19/2025
	** 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 Zachary W. Bawel report on Form 4?

He reported acquiring 503.3207 shares of GABC common stock on 08/15/2025 at $39.7361 per share through the companys Dividend Reinvestment and Stock Purchase Plan.

How many GABC shares does Zachary W. Bawel beneficially own after the transaction?

The Form 4 lists total beneficial ownership following the reported transaction as 23,300.8386 shares.

Was the purchase a discretionary trade or part of a plan?

The filing states the transaction was effected pursuant to a prior election to use director compensation to purchase shares through the issuers Dividend Reinvestment and Stock Purchase Plan.

Does the Form 4 show any indirect holdings for the reporting person?

Yes, it shows 2,748 shares held indirectly by a revocable trust.

Who signed the Form 4 filing for Zachary W. Bawel?

The filing was signed by Bradley C. Arnett, Attorney-in-Fact on 08/19/2025.