BlackRock (GABC holder) discloses 7.6% beneficial stake in German American Bancorp

Rhea-AI Filing Summary

BlackRock, Inc. reports passive ownership of common stock of German American Bancorp, Inc. (GABC) in an amended Schedule 13G filing. BlackRock and its reporting business units beneficially own 2,863,160 shares of GABC common stock, representing 7.6% of the outstanding class as of the reported date.

BlackRock has sole voting power over 2,803,645 shares and sole dispositive power over all 2,863,160 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no individual client holds more than five percent of GABC’s total outstanding common shares.

Key Figures

Beneficial ownership: 2,863,160 shares Percent of class: 7.6% Sole voting power: 2,803,645 shares +3 more

6 metrics

Beneficial ownership 2,863,160 shares Common stock of German American Bancorp beneficially owned by BlackRock’s Reporting Business Units

Percent of class 7.6% Portion of German American Bancorp common stock class represented by BlackRock’s holdings

Sole voting power 2,803,645 shares Shares of GABC common stock over which BlackRock has sole power to vote

Shared voting power 0 shares Shares of GABC common stock over which BlackRock has shared power to vote

Sole dispositive power 2,863,160 shares Shares of GABC common stock over which BlackRock has sole power to dispose

Shared dispositive power 0 shares Shares of GABC common stock over which BlackRock has shared power to dispose

Key Terms

beneficially owned, Sole Voting Power, Sole Dispositive Power, percent of class, +1 more

5 terms

beneficially owned financial

"this reflects the securities beneficially owned, or deemed to be beneficially owned"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power financial

"5 | Sole Voting Power 2,803,645.00 6 | Shared Voting Power 0.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power financial

"7 | Sole Dispositive Power 2,863,160.00 8 | Shared Dispositive Power 0.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

percent of class financial

"(b) | Percent of class: 7.6 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

Power of Attorney regulatory

"Exhibit 24: Power of Attorney Exhibit 99: Item 7"

A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

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

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Available on EDGAR 07/28/2026 - 04:47 PM Accepted by SEC EDGAR 07/28/2026 - 04:44 PM Learn about SEC filing dates

FAQ

How many GABC shares does BlackRock, Inc. report owning in this Schedule 13G/A?

BlackRock, Inc. reports beneficial ownership of 2,863,160 shares of German American Bancorp, Inc. common stock. This holding is aggregated across certain BlackRock business units described as the Reporting Business Units in the filing.

What percentage of German American Bancorp (GABC) does BlackRock’s stake represent?

BlackRock’s reported stake represents 7.6% of German American Bancorp’s outstanding common stock. This percentage reflects the 2,863,160 shares beneficially owned by the Reporting Business Units of BlackRock and its subsidiaries.

What voting power does BlackRock have over its GABC holdings?

BlackRock has sole voting power over 2,803,645 shares of GABC common stock and no shared voting power. This means voting decisions for these shares are controlled by BlackRock’s Reporting Business Units, not jointly with other parties.

What dispositive power does BlackRock hold over German American Bancorp (GABC) shares?

BlackRock holds sole dispositive power over 2,863,160 shares of GABC and no shared dispositive power. Sole dispositive power means BlackRock can determine how and when these shares are sold or otherwise disposed of.

Do any individual BlackRock clients own more than 5% of GABC’s common stock?

No. The filing states that various persons have rights to dividends or sale proceeds from the GABC shares, but no one person’s interest exceeds five percent of German American Bancorp’s total outstanding common shares.

Who signed the Schedule 13G/A for BlackRock related to GABC?

The Schedule 13G/A was signed by Spencer Fleming, identified as a Managing Director of BlackRock, Inc. The filing also references Exhibit 24, a Power of Attorney authorizing the signatory.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

GERMAN AMERICAN BANCORP INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

373865104

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 373865104

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,803,645.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,863,160.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,863,160.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.6 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GERMAN AMERICAN BANCORP INC
(b)	Address of issuer's principal executive offices: 711 MAIN STREET BOX 810 JASPER IN 47546
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 373865104
Item 4.	Ownership
(a)	Amount beneficially owned: 2863160
(b)	Percent of class: 7.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2803645
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2863160
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of GERMAN AMERICAN BANCORP INC. No one person's interest in the common stock of GERMAN AMERICAN BANCORP INC is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	07/28/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7