Horizon Bancorp (HBNC) CEO Disposes of 4,182 Shares; Ownership Now 46,487

Rhea-AI Filing Summary

Thomas M. Prame, CEO and reporting person of Horizon Bancorp, Inc. (HBNC), reported a sale of company common stock. On 08/15/2025 Mr. Prame disposed of 4,182 shares at $15.95 per share, reducing his direct beneficial ownership to 46,487 shares. The Form 4 was signed by an attorney-in-fact on 08/19/2025. No derivative transactions or other securities were reported on this filing. The report indicates a single non-derivative sale and shows the reporting status as an officer and CEO of the issuer.

Positive

• Full disclosure of sale amount and post-transaction ownership is provided, showing transparency of insider activity
• Form clearly identifies reporting person as CEO, aiding investor context on insider-level transactions

Negative

• No indication on the form whether the sale was made pursuant to a Rule 10b5-1 trading plan or other pre-arranged instruction
• Reason for the sale is not disclosed, so the filing does not explain the motivation behind the transaction

Insights

Securities Analyst

TL;DR Insider sale by the CEO of 4,182 shares at $15.95, leaving 46,487 shares outstanding in his direct ownership.

This Form 4 records a routine, single non-derivative disposition by the chief executive officer. The transaction is explicit: 4,182 shares sold on 08/15/2025 at $15.95, with 46,487 shares remaining beneficially owned directly. There are no derivative instruments or additional transactions reported. From a securities-monitoring perspective, the filing simply documents the sale and updated ownership; it does not provide reasons, trading plan references, or indications of patterned activity.

Corporate Governance Expert

TL;DR A single disclosure of an insider sale by the CEO with no accompanying derivative activity or plan reference.

The filing is complete for the disclosed non-derivative sale and includes the required signature by an attorney-in-fact. It identifies the reporting person as an officer (Chief Executive Officer) and shows direct ownership after the sale. The form does not state whether the sale was pursuant to a Rule 10b5-1 plan or other arrangement, so no affirmative defense is claimed on this document.

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)
08/15/2025

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 Stock	08/15/2025		F		4,182	D	$15.95	46,487	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	08/19/2025
	** 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 Thomas M. Prame report on his Form 4 for HBNC?

He reported a sale of 4,182 shares on 08/15/2025 at $15.95, leaving 46,487 shares beneficially owned directly.

When was the transaction and when was the Form 4 signed?

The transaction date is 08/15/2025 and the Form 4 was signed by attorney-in-fact on 08/19/2025.

Does the Form 4 show any options or derivative transactions for HBNC by the reporting person?

No. Table II for derivative securities contains no reported transactions.

What is Thomas M. Prame's role at Horizon Bancorp as listed on the form?

He is listed as an officer with the title Chief Executive Officer.

How many shares did Mr. Prame own after the reported sale?

46,487 shares of common stock were beneficially owned following the reported transaction.