[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 503.3207 shares of the issuer's common stock on 08/15/2025 at a per-share price of $39.7361. The acquisition was made pursuant to a prior election to use a portion of director compensation to buy shares through the companys Dividend Reinvestment and Stock Purchase Plan. Following the transaction, the reporting person beneficially owns 16,911.6822 shares. The Form 4 was signed by an attorney-in-fact on 08/19/2025.

Positive

• Insider increased position by 503.3207 shares, showing continued ownership alignment with shareholders
• Transaction executed under company DRIP, indicating use of an established, pre-approved compensation mechanism
• Timely disclosure with Form 4 signed and filed within days of the transaction

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine, non-discretionary insider purchase via DRIP; modestly positive signal but not material on its own.

The reported transaction reflects an automatic purchase under the issuers dividend reinvestment and stock purchase plan tied to director compensation rather than an opportunistic open-market buy. The trade size of 503.3207 shares at $39.7361 each is small relative to typical institutional transactions and does not indicate a change in control or a material shift in insider ownership. Disclosure is timely and conforms to Section 16 reporting requirements.

Corporate Governance Expert

TL;DR: Compliance-focused filing showing standard participation in the companys compensation plan by a director.

This Form 4 documents a director electing to convert compensation into equity through the companys established DRIP. It demonstrates use of existing corporate governance mechanisms for director compensation and transparency in insider holdings. The filing includes the expected explanatory note and an attorney-in-fact signature, indicating routine administrative handling.

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).

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^*

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)
08/15/2025

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	08/15/2025	08/18/2025	P		503.3207(1)	A	$39.7361	16,911.6822	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.

	/s/ Bradley C. Arnett, Attorney-in-Fact	08/19/2025
	** 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 GABC director Ryan Christina M report on Form 4?

The director reported purchasing 503.3207 shares of GABC common stock on 08/15/2025 at $39.7361 per share under the company's Dividend Reinvestment and Stock Purchase Plan.

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

After the reported purchase the reporting person beneficially owns 16,911.6822 shares.

Was the trade discretionary or part of a plan?

The purchase was made pursuant to a prior election to use director compensation to buy shares through the issuer's Dividend Reinvestment and Stock Purchase Plan.

When was the Form 4 signed and filed?

The Form 4 bears an attorney-in-fact signature dated 08/19/2025 reflecting the reporting of the 08/15/2025 transaction.

Does this Form 4 indicate any derivative or option transactions?

No. Table II for derivative securities contains no reported transactions; only a non-derivative common stock purchase is disclosed.