German American director buys shares via plan

GERMAN AMERICAN BANCORP, INC. director Susan J. Ellspermann reported an open-market purchase of 21.9539 shares of common stock at a price of $45.55 per share.

Rhea-AI Filing Summary

GERMAN AMERICAN BANCORP, INC. director Susan J. Ellspermann reported an open-market purchase of 21.9539 shares of common stock at a price of $45.55 per share. This transaction was made under a prior election to use a portion of her director compensation to buy stock through the company’s Dividend Reinvestment and Stock Purchase Plan. Following this plan-based purchase and additional shares acquired under the plan, her direct holdings total 11,885.4935 common shares.

Insider Trade Summary

Net Buyer: 21.9539 shares

Net Buy 1 txn

Insider Ellspermann Susan J

Role Director

Bought 21.9539 shs ($1K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	21.9539	$45.55	$1K

Holdings After Transaction: Common Stock — 11,885.4935 shares (Direct)

Footnotes (2)

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 (the "Dividend Reinvestment Plan").
2. F2. Includes additional shares acquired pursuant to the Dividend Reinvestment Plan.

Key Figures

Shares purchased: 21.9539 shares Purchase price: $45.55 per share Total holdings after transaction: 11,885.4935 shares

3 metrics

Shares purchased 21.9539 shares Open-market purchase on 2026-06-15

Purchase price $45.55 per share Common Stock on 2026-06-15

Total holdings after transaction 11,885.4935 shares Direct ownership following reported purchase

Key Terms

open-market purchase, Dividend Reinvestment and Stock Purchase Plan, director compensation

3 terms

open-market purchase financial

"recorded as an open-market purchase of common stock"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Dividend Reinvestment and Stock Purchase Plan financial

"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.

director compensation financial

"use a portion of her director compensation to purchase shares"

FAQ

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

What did GABC director Susan J. Ellspermann report in this Form 4?

She reported buying 21.9539 GABC common shares at $45.55 each. The acquisition was recorded as an open-market purchase and increased her direct ownership to 11,885.4935 shares following the transaction.

How were the new GABC shares acquired by Susan J. Ellspermann?

The shares were acquired through a prior election to use part of her director compensation to purchase stock. This election operates under German American Bancorp’s Dividend Reinvestment and Stock Purchase Plan.

What is Susan J. Ellspermann’s GABC shareholding after this transaction?

After the reported transaction, her direct ownership stands at 11,885.4935 common shares. This figure includes the newly purchased 21.9539 shares and additional shares acquired under the Dividend Reinvestment and Stock Purchase Plan.

Was the GABC share purchase by Susan J. Ellspermann a routine plan transaction?

Yes. A footnote explains the purchase resulted from a prior election to apply part of her director compensation toward stock purchases under the Dividend Reinvestment and Stock Purchase Plan, indicating a structured, ongoing arrangement.

Does this GABC Form 4 involve any derivative securities or options?

No. The filing shows a single non-derivative transaction in GABC common stock and a derivative summary with no remaining derivative positions, indicating only direct common share activity in this report.

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

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Accepted by SEC EDGAR 06/17/2026 - 09:18 AM EDT 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^*

Ellspermann Susan J

(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)
06/15/2026

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	06/15/2026	06/16/2026	P		21.9539(1)	A	$45.55	11,885.4935(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 her 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 additional shares acquired pursuant to the Dividend Reinvestment Plan.

	/s/ Bradley C. Arnett, Attorney-in-Fact	06/17/2026
	** 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)