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

Rhea-AI Filing Summary

German American Bancorp (GABC) director reported a small open-market-equivalent purchase of common stock. On 11/15/2025, the reporting person acquired 25.6092 shares of GABC common stock at a price of $39.048 per share, coded as a purchase ("P"). The filing states this transaction resulted from a prior election to use a portion of the director's compensation to buy stock through the company's Dividend Reinvestment and Stock Purchase Plan.

After this transaction, the director beneficially owns 18,212.9819 shares directly and 125,826 shares indirectly through Wabash Valley Produce, Inc., where he is a shareholder and Chief Financial Officer. The filing reflects an individual Form 4 submission by one reporting person in the capacity of director.

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

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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^*

Seger Andrew M

(Last) (First) (Middle)

711 MAIN ST

(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)
11/15/2025

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								125,826	I	By Wabash Valley Produce, Inc.(1)
Common	11/15/2025	11/18/2025	P		25.6092(2)	A	$39.048	18,212.9819	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 Reporting Person is a shareholder and the Chief Financial Officer of Wabash Valley Produce, Inc.

2. 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	11/18/2025
	** 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 insider transaction did GABC disclose on this Form 4?

The Form 4 reports that a director of German American Bancorp (GABC) purchased 25.6092 shares of common stock on 11/15/2025 at $39.048 per share.

How many GABC shares does the reporting person now beneficially own?

Following the reported transaction, the director beneficially owns 18,212.9819 shares directly and 125,826 shares indirectly through Wabash Valley Produce, Inc.

What was the source of funds for the GABC share purchase?

The filing explains that the transaction was made under a prior election to use a portion of the director's director compensation to purchase GABC common stock through the Dividend Reinvestment and Stock Purchase Plan.

What is the relationship between the reporting person and Wabash Valley Produce, Inc. in the GABC filing?

The reporting person is a shareholder and the Chief Financial Officer of Wabash Valley Produce, Inc., which holds 125,826 GABC shares reported as indirect beneficial ownership.

What role does the reporting person hold at German American Bancorp (GABC)?

The reporting person is identified as a Director of German American Bancorp, Inc. (GABC) on this Form 4 filing.

Was this GABC Form 4 filed by more than one reporting person?

No. The form is marked as filed by one reporting person, not by a group.