German American Bancorp (GABC) director adds shares via dividend plan

Rhea-AI Filing Summary

German American Bancorp director Christina M. Ryan reported an open-market style purchase of common stock. She acquired 49.4054 shares at an average price of $40.8414 per share and now directly holds 17,382.0848 shares in total.

The filing notes this transaction resulted from a prior election to use a portion of her director compensation to buy stock through the company’s Dividend Reinvestment and Stock Purchase Plan, rather than a discretionary cash purchase in the market.

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

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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)
03/17/2026

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 Stock	03/17/2026		P		49.4054(1)	A	$40.8414	17,382.0848(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	03/17/2026
	** 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.

FAQ

What insider transaction did GABC director Christina M. Ryan report?

Director Christina M. Ryan reported acquiring 49.4054 shares of German American Bancorp common stock. The shares were obtained at an average price of $40.8414 per share through a pre-elected compensation arrangement tied to the company’s Dividend Reinvestment and Stock Purchase Plan.

How many GABC shares does Christina M. Ryan hold after this transaction?

After the reported transaction, Christina M. Ryan directly holds 17,382.0848 shares of German American Bancorp common stock. This total includes shares that were acquired through participation in the company’s Dividend Reinvestment and Stock Purchase Plan according to the filing footnotes.

Was Christina M. Ryan’s GABC share purchase an open-market trade?

The transaction is coded as an open-market purchase but was executed under a prior election. She used a portion of her director compensation to buy shares through German American Bancorp’s Dividend Reinvestment and Stock Purchase Plan rather than making a discretionary market purchase.

What role does the Dividend Reinvestment and Stock Purchase Plan play in this GABC filing?

The plan enabled Christina M. Ryan to automatically use part of her director compensation to purchase GABC shares. The filing specifies that the reported transaction and certain included holdings were acquired pursuant to German American Bancorp’s Dividend Reinvestment and Stock Purchase Plan.

Is Christina M. Ryan’s ownership in GABC direct or indirect?

Her reported ownership is classified as direct in the filing. The transaction lists the ownership code as “D” and the nature of ownership as direct, meaning the shares are held personally rather than through a separate entity or trust structure.