Horizon Bancorp Insider Buy: CEO Adds 1,034 Shares to Holdings

Rhea-AI Filing Summary

Thomas M. Prame, identified as Chief Executive Officer of Horizon Bancorp, acquired 1,034 shares of Horizon Bancorp common stock on 08/22/2025 at $14.50 per share, increasing his beneficial ownership to 47,521 shares. The transaction is reported on a Form 4 and was signed by an attorney-in-fact on behalf of Mr. Prame. The filing shows this was a purchase (code P) and lists ownership as direct.

Positive

• CEO purchase of 1,034 shares, increasing direct ownership to 47,521 shares
• Transaction was reported on a Form 4, demonstrating compliance with Section 16 reporting requirements

Negative

• None.

Insights

Securities/Financial Analyst

TL;DR: A routine insider purchase by the CEO increased direct holdings modestly, a neutral to mildly positive indicator.

The CEO purchased 1,034 shares at $14.50, bringing direct beneficial ownership to 47,521 shares. For a public company insider reporting under Section 16, such purchases are typically viewed as alignment of management and shareholder interests but here the size is modest relative to typical market-moving insider trades. No derivatives or dispositions were reported. The filing contains standard Form 4 disclosures without additional material events.

Corporate Governance Expert

TL;DR: Properly executed Form 4 reporting a small insider purchase; governance processes appear followed.

The Form 4 identifies the reporting person as CEO and reports a straightforward purchase transaction coded P. The ownership is shown as direct and the report is signed by an attorney-in-fact, indicating use of a delegated filer. There are no indications of unusual transaction structures, planned trades, or related-party arrangements disclosed in this form.

Insider Trade Summary

Net Buyer: 1,034 shares ($14,993)

Net Buy 1 txn

Insider Prame Thomas M

Role Chief Executive Officer

Bought 1,034 shs ($15K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,034	$14.50	$15K

Holdings After Transaction: Common Stock — 47,521 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

Prame Thomas M

(Last) (First) (Middle)

515 FRANKLIN STREET

(Street)

MICHIGAN CITY IN 46360

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HORIZON BANCORP INC /IN/ [ HBNC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

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	08/22/2025		P		1,034	A	$14.5	47,521	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:

Remarks:

	/s/ Mark E. Secor, as Attorney-in-Fact for Thomas M. Prame	08/25/2025
	** 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 Horizon Bancorp (HBNC) insider Thomas M. Prame do?

Mr. Prame purchased 1,034 shares of Horizon Bancorp common stock on 08/22/2025 at $14.50 per share.

How many shares does Thomas M. Prame own after the transaction?

Following the purchase, Mr. Prame beneficially owns 47,521 shares on a direct basis.

Was this Form 4 filing filed by Thomas M. Prame himself?

The Form 4 was signed by an attorney-in-fact on behalf of Thomas M. Prame, indicating a delegated filing.

Did the Form 4 report any derivative transactions or dispositions?

No. The filing reports a non-derivative purchase (common stock) and contains no derivative transactions or dispositions.

What transaction code was used on the Form 4?

The purchase was reported with transaction code P, denoting an open-market or private purchase of common stock.