German American Bancorp director reports share purchase

German American Bancorp director Zachary W. Bawel reported a small automatic share purchase under a company plan.

Rhea-AI Filing Summary

German American Bancorp director Zachary W. Bawel reported a small automatic share purchase under a company plan. On 01/15/2026, he acquired 49.2555 shares of common stock at $40.6046 per share through a prior election to use a portion of his director compensation in the issuer's Dividend Reinvestment and Stock Purchase Plan. After this transaction, he beneficially owned 24,303.0144 shares directly. He also reported indirect ownership of 2,748 shares held by a revocable trust.

Insider Trade Summary

Net Buyer: 49.2555 shares

Net Buy 2 txns

Insider Bawel Zachary W

Role Director

Bought 49.2555 shs ($2K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	49.2555	$40.6046	$2K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 24,303.0144 shares (Direct); Common Stock — 2,748 shares (Indirect, Held by Revocable Trust)

Footnotes (2)

1. F1. 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. F2. Includes additional shares acquired pursuant to the Dividend Reinvestment Plan.

FAQ

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

What insider transaction did GABC report for Zachary W. Bawel on this Form 4?

The filing shows that director Zachary W. Bawel acquired 49.2555 shares of German American Bancorp common stock on 01/15/2026 at $40.6046 per share.

How were the German American Bancorp (GABC) shares acquired by the director?

The shares were acquired under a prior election by the director to use a portion of his director compensation to purchase stock through the issuer's Dividend Reinvestment and Stock Purchase Plan.

How many German American Bancorp shares does the director own after the reported transaction?

After the transaction, Zachary W. Bawel beneficially owned 24,303.0144 shares of German American Bancorp common stock directly.

Does the Form 4 show any indirect ownership for the GABC director?

Yes. The Form 4 reports 2,748 shares of common stock held indirectly by a revocable trust, in addition to the director's direct holdings.

Was the German American Bancorp director’s share purchase an open-market trade?

No. The footnotes explain the purchase was made through participation in the Dividend Reinvestment and Stock Purchase Plan, based on a prior compensation election, rather than a discretionary open-market trade.

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

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Accepted by SEC EDGAR 01/16/2026 - 02:52 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 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)
01/15/2026

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	01/15/2026	01/16/2026	P		49.2555(1)	A	$40.6046	24,303.0144(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 additional shares acquired pursuant to the Dividend Reinvestment Plan.

	/s/ Bradley C. Arnett, Attorney-in-Fact	01/16/2026
	** 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.