[Form 4] GERMAN AMERICAN BANCORP, INC. Insider Trading Activity

Rhea-AI Filing Summary

Ryan Christina M, a director of German American Bancorp, Inc. (GABC), reported a purchase of 2.4475 shares of the issuer's common stock on 09/15/2025 (deemed execution date 09/16/2025) at a price of $40.8578 per share. The acquisition was made under the companys Dividend Reinvestment and Stock Purchase Plan, reflecting an election to use director compensation to buy shares. Following the reported transaction the filing shows 17,023.3943 shares beneficially owned directly by the reporting person. The filing was signed by an attorney-in-fact on 09/17/2025.

Positive

• Insider purchase reported showing the director elected to reinvest compensation into company stock
• Transaction fully disclosed with specific share count (2.4475), price ($40.8578), and post-transaction ownership (17,023.3943 shares)

Negative

• None.

Insights

Securities Analyst

TL;DR Director purchased a small number of shares via the issuers DRIP, modestly increasing direct ownership to 17,023.3943 shares.

The reported transaction is a routine, non-market purchase executed under the Dividend Reinvestment and Stock Purchase Plan. The director acquired 2.4475 shares at $40.8578 on 09/15/2025 (deemed 09/16/2025). For investors this is a standard insider purchase resulting from compensation elections rather than an open-market buy that signals active accumulation. The change in absolute shares is immaterial relative to typical issuer outstanding share counts, and there are no derivative transactions or dispositions disclosed in this filing.

Corporate Governance Expert

TL;DR This Form 4 documents a routine DRIP-based purchase by a director, consistent with standard director compensation practices.

The filing identifies the reporting person as a director and indicates the purchase was effected pursuant to a prior election to reinvest director compensation into common stock. The signature by an attorney-in-fact on 09/17/2025 completes the disclosure. There are no indications of departures, options exercises, or material governance events. Disclosure appears complete for the single non-derivative transaction 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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Ryan Christina M

(Last) (First) (Middle)

711 MAIN STREET

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)
09/15/2025

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	09/15/2025	09/16/2025	P		2.4475(1)	A	$40.8578	17,023.3943(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 shares acquired pursuant to the Dividend Reinvestment Plan

	/s/ Bradley C. Arnett, Attorney-in-Fact	09/17/2025
	** 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 Ryan Christina M report on Form 4 for GABC?

The director reported a purchase of 2.4475 shares of GABC common stock at $40.8578 per share, effected under the Dividend Reinvestment Plan.

When was the GABC transaction executed and filed?

The transaction date was 09/15/2025 (deemed execution 09/16/2025) and the Form 4 was signed/filed on 09/17/2025.

How many GABC shares does the reporting person own after this transaction?

The filing shows 17,023.3943 shares beneficially owned following the reported transaction.

Why were the shares acquired by the reporting person?

The shares were acquired pursuant to the issuers Dividend Reinvestment and Stock Purchase Plan based on a prior election to use director compensation to purchase shares.

Does this Form 4 report any derivative transactions or dispositions?

No. The filing reports a single non-derivative purchase and does not disclose any derivative securities or dispositions.