German American Bancorp director buys GABC shares

German American Bancorp director Andrew M. Seger increased his stake through a small open-market purchase.

Rhea-AI Filing Summary

German American Bancorp director Andrew M. Seger increased his stake through a small open-market purchase. On the reported date, he bought 22.9161 shares of common stock in an open-market transaction at an average price of $43.6374 per share, bringing his directly held shares to 18,277.5606.

He also has indirect ownership of 125,826 shares held by Wabash Valley Produce, Inc., where he is a shareholder and Chief Financial Officer, and his latest purchase was made under a prior election to use part of his director compensation to buy stock through the company’s Dividend Reinvestment and Stock Purchase Plan.

Insider Trade Summary

Net Buyer: 22.9161 shares

Net Buy 2 txns

Insider Seger Andrew M

Role Director

Bought 22.9161 shs ($1,000.00)

Type	Security	Shares	Price	Value
Purchase	Common	22.9161	$43.6374	$1,000.00
holding	Common	--	--	--

Holdings After Transaction: Common — 18,277.5606 shares (Direct); Common — 125,826 shares (Indirect, By Wabash Valley Produce, Inc.)

Footnotes (2)

1. F1. The Reporting Person is a shareholder and the Chief Financial Officer of Wabash Valley Produce, Inc.
2. F2. 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.

FAQ

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

What insider transaction did Andrew M. Seger report for GABC?

Andrew M. Seger reported a small open-market purchase of 22.9161 German American Bancorp common shares. The transaction used an average price of $43.6374 per share and was executed under a prior election tied to his director compensation and the company’s stock purchase plan.

How many German American Bancorp shares does Andrew M. Seger own directly after this filing?

After the reported transaction, Andrew M. Seger directly holds 18,277.5606 German American Bancorp common shares. This reflects the addition of 22.9161 shares purchased in the open market at an average price of $43.6374 per share on the reported transaction date.

Does Andrew M. Seger have any indirect ownership in GABC shares?

Yes. Andrew M. Seger has indirect ownership of 125,826 German American Bancorp common shares through Wabash Valley Produce, Inc. He is a shareholder and Chief Financial Officer of that company, which holds the shares attributed to him as indirect beneficial ownership in the filing.

How were the newly purchased GABC shares funded for Andrew M. Seger?

The newly purchased shares were funded through a prior election by Andrew M. Seger to use a portion of his director compensation. That compensation was directed to buy German American Bancorp common stock under the company’s Dividend Reinvestment and Stock Purchase Plan, rather than receiving cash.

What was the price paid per share in Andrew M. Seger’s GABC stock purchase?

The filing reports that Andrew M. Seger paid an average price of $43.6374 per German American Bancorp common share. This price applies to the 22.9161 shares acquired in the open-market purchase executed pursuant to his pre-existing election under the company’s stock purchase and reinvestment plan.

What role does Andrew M. Seger hold at German American Bancorp and related entities?

Andrew M. Seger is identified as a director of German American Bancorp. Additionally, he is a shareholder and the Chief Financial Officer of Wabash Valley Produce, Inc., which holds 125,826 German American Bancorp shares reported as indirectly owned by him in the insider filing.

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

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Accepted by SEC EDGAR 02/18/2026 - 03:18 PM EST 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^*

Seger Andrew M

(Last) (First) (Middle)

711 MAIN ST

(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)
02/15/2026

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								125,826	I	By Wabash Valley Produce, Inc.(1)
Common	02/15/2026	02/18/2026	P		22.9161(2)	A	$43.6374	18,277.5606	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 Reporting Person is a shareholder and the Chief Financial Officer of Wabash Valley Produce, Inc.

2. 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	02/18/2026
	** 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.