German American Bancorp director buys shares

German American Bancorp director Jason M. Kelly reported purchasing 418.0777 shares of common stock on July 16, 2026 at $47.838 per share.

Rhea-AI Filing Summary

German American Bancorp director Jason M. Kelly reported purchasing 418.0777 shares of common stock on July 16, 2026 at $47.838 per share. The transaction was effected under a prior election to use a portion of his director compensation in the issuer's Dividend Reinvestment and Stock Purchase Plan. After this plan purchase and the inclusion of previously omitted dividend reinvestment shares, he directly owns 15,506.3975 shares.

Insider Trade Summary

Net Buyer: 418.0777 shares

Net Buy 1 txn

Insider KELLY JASON M

Role Director

Bought 418.0777 shs ($20K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1, F2	418.0777	$47.838	$20K

Holdings After Transaction: Common Stock — 15,506.3975 shares (Direct)

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 that were previously omitted from reporting.

Key Figures

Shares purchased: 418.0777 shares Purchase price: $47.838 per share Direct holdings after transaction: 15,506.3975 shares

3 metrics

Shares purchased 418.0777 shares Common stock acquired on July 16, 2026 by director Jason M. Kelly

Purchase price $47.838 per share Price per share for the July 16, 2026 common stock purchase

Direct holdings after transaction 15,506.3975 shares Direct common stock ownership after including previously omitted Dividend Reinvestment Plan shares

Key Terms

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

3 terms

Dividend Reinvestment and Stock Purchase Plan financial

"purchase shares of common stock 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.

Dividend Reinvestment Plan financial

"Includes additional shares acquired pursuant to the Dividend Reinvestment Plan that were previously omitted"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

director compensation financial

"prior election made by the Reporting Person to use a portion of his director compensation to purchase shares"

FAQ

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

What insider transaction did Jason M. Kelly report for GABC?

Jason M. Kelly reported buying 418.0777 shares of German American Bancorp common stock on July 16, 2026 at $47.838 per share. The acquisition used a prior election to apply part of his director compensation through the Dividend Reinvestment and Stock Purchase Plan.

How many German American Bancorp (GABC) shares does Jason M. Kelly now hold?

Following the reported transaction, Jason M. Kelly directly holds 15,506.3975 shares of German American Bancorp common stock. This total includes additional shares acquired under the Dividend Reinvestment Plan that had previously been omitted from reporting, as noted in the filing footnotes.

Was Jason M. Kelly’s GABC share purchase an open-market trade?

The Form 4 shows a purchase (code P) at $47.838 per share, but a footnote explains it was executed through the issuer’s Dividend Reinvestment and Stock Purchase Plan using a prior election of director compensation, rather than a purely discretionary market trade.

What plan was used in Jason M. Kelly’s GABC share acquisition?

The acquisition was made through the issuer’s Dividend Reinvestment and Stock Purchase Plan, referred to as the Dividend Reinvestment Plan. Kelly had previously elected to use a portion of his director compensation to buy common stock under this plan.

Did the latest GABC Form 4 note previously unreported shares for Jason M. Kelly?

Yes. A footnote states that Kelly’s reported total now includes additional shares acquired under the Dividend Reinvestment Plan that were previously omitted from reporting. These shares are reflected in the updated direct holding of 15,506.3975 shares.

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

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Available on EDGAR 07/17/2026 - 03:29 PM Accepted by SEC EDGAR 07/17/2026 - 03:29 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^*

KELLY JASON M

(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	07/16/2026	07/17/2026	P		418.0777(1)	A	$47.838	15,506.3975(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 that were previously omitted from reporting.

	/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)