German American Bancorp Insider Adds $33K in Stock – Form 4 Details

Rhea-AI Filing Summary

German American Bancorp (GABC) – Form 4 insider transaction

Director Diane B. Medley reported an open-market purchase on 08/04/2025 of 882 common shares at an average price of $37.951, an outlay of roughly $33.5 k. The transaction was executed through her IRA, increasing indirect ownership to 6,252 shares. She also continues to hold 7,274.5104 shares directly. No derivatives or dispositions were reported.

While modest in dollar terms, insider buying can indicate confidence in future prospects. However, the scale of this purchase is unlikely to be material to GABC’s overall valuation.

Positive

• Director insider purchase of 882 shares (~$33.5 k) indicates personal confidence and aligns management incentives with shareholders.

Negative

• None.

Insights

Securities Analyst

TL;DR: Small insider buy; positive signal but immaterial to valuation.

The $33k purchase by Director Medley marginally lifts her beneficial stake and suggests personal conviction, yet represents less than 0.01% of GABC’s market cap. No derivatives or sales temper the signal. Historically, clusters of insider buying, not single modest trades, are more predictive. I view the filing as directionally positive but unlikely to move the share price.

Portfolio Manager

TL;DR: Insider confidence noted; position size too small to change allocation.

For portfolio construction, the trade’s dollar value is negligible and doesn’t alter liquidity or float. It slightly strengthens qualitative views on governance alignment, yet without earnings guidance or strategic developments, I treat the disclosure as non-impactful. Accumulation of similar filings would merit closer attention.

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^*

Medley Diane B

(Last) (First) (Middle)

711 MAIN ST

PO 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)
08/04/2025

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								7,274.5104	D
Common Stock	08/04/2025		P		882	A	$37.951	6,252	I	Held in an IRA

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:

	/s/ Bradley C. Arnett, Attorney-in-Fact	08/05/2025
	** 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 insider Diane B. Medley buy in GABC?

She purchased 882 common shares on 08/04/2025 at $37.951 each.

How many German American Bancorp shares does Medley now own?

After the transaction she owns 6,252 shares indirectly via an IRA and 7,274.5104 shares directly.

Was the Form 4 transaction a purchase or sale?

It was an open-market purchase, coded "P" on the Form 4.

Did the filing include any options or derivative trades?

No, no derivative securities were reported in Table II.

Is this insider trade material to GABC investors?

Given the modest <$40 k size, the trade is unlikely to materially impact GABC’s valuation on its own.