German American Bancorp (NASDAQ: GABC) director boosts stake with share purchase

Rhea-AI Filing Summary

German American Bancorp director Zachary W. Bawel acquired 418.0777 shares of common stock on July 16, 2026 at $47.8380 per share. The purchase was executed under a prior election to use a portion of his director compensation in a Dividend Reinvestment and Stock Purchase Plan. After this transaction he directly holds 26274.7060 shares and also holds 2748.0000 shares indirectly in a revocable trust.

Insider Trade Summary

Net Buyer: 418.078 shares ($20,000)

Net Buy 2 txns

Insider Bawel Zachary W

Role Director

Bought 418.078 shs ($20K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	418.078	$47.838	$20K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 26,274.706 shares (Direct); Common Stock — 2,748 shares (Indirect, Held by Revocable Trust)

Footnotes (1)

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Key Figures

Shares purchased: 418.0777 shares Purchase price: $47.8380 per share Direct holdings after transaction: 26274.7060 shares +1 more

4 metrics

Shares purchased 418.0777 shares Common Stock acquired on July 16, 2026

Purchase price $47.8380 per share Price for Common Stock acquired on July 16, 2026

Direct holdings after transaction 26274.7060 shares Common Stock directly owned after July 16, 2026 purchase

Indirect trust holdings 2748.0000 shares Common Stock held indirectly by Revocable Trust

Key Terms

Dividend Reinvestment and Stock Purchase Plan, Revocable Trust, director compensation

3 terms

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.

Revocable Trust financial

"nature_of_ownership: Held by Revocable Trust"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

director compensation financial

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

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/17/2026 - 03:38 PM Accepted by SEC EDGAR 07/17/2026 - 03:38 PM Learn about SEC filing dates

FAQ

What did German American Bancorp (GABC) director Zachary W. Bawel report in this Form 4?

Director Zachary W. Bawel reported acquiring 418.0777 shares of German American Bancorp common stock on July 16, 2026 at $47.8380 per share, under a prior election to use part of his director compensation in a dividend reinvestment and stock purchase plan.

How many GABC shares did Zachary W. Bawel acquire and at what price?

Bawel acquired 418.0777 shares of German American Bancorp (GABC) common stock at a price of $47.8380 per share. The transaction reflects a purchase of additional shares rather than a sale, increasing his overall ownership position.

What are Zachary W. Bawel’s GABC holdings after the July 16, 2026 transaction?

Following the July 16, 2026 purchase, Bawel directly holds 26274.7060 shares of German American Bancorp common stock. In addition, he indirectly holds 2748.0000 shares through a revocable trust, as disclosed in the ownership details.

Was the GABC share acquisition by Zachary W. Bawel made under a company plan?

Yes. The filing states the transaction was made under a prior election to use a portion of Bawel’s director compensation to purchase shares through the company’s Dividend Reinvestment and Stock Purchase Plan, rather than a discretionary open-market trade.

How many GABC shares does Zachary W. Bawel hold indirectly through a trust?

Bawel reports 2748.0000 shares of German American Bancorp common stock held indirectly, with ownership described as “Held by Revocable Trust”. These trust-held shares are in addition to his directly owned 26274.7060 shares.

Is the July 16, 2026 GABC transaction by Zachary W. Bawel classified as a purchase or sale?

The transaction is classified as a purchase, coded “P” for common stock acquired in an open market or private transaction. It increased Bawel’s holdings by 418.0777 shares at $47.8380 per share.

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 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)
07/16/2026

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								2,748	I	Held by Revocable Trust
Common Stock	07/16/2026	07/17/2026	P		418.0777(1)	A	$47.838	26,274.706	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.

	/s/ Bradley C. Arnett, Attorney-in-Fact	07/17/2026
	** 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)