Horizon Bancorp director increases stake to 26,298 shares after purchase

Rhea-AI Filing Summary

Horizon Bancorp director Eric P. Blackhurst purchased 1,724 shares of Horizon Bancorp, Inc. (HBNC) on 08/22/2025 at a reported price of $14.50 per share. After the transaction he beneficially owned 26,298 shares. The Form 4 was signed by an attorney-in-fact on 08/25/2025. The filing reports a non-derivative acquisition by a director and contains no additional commentary or derivative transactions.

Positive

• Insider purchase disclosed, demonstrating transparency under Section 16
• Director increased direct ownership to 26,298 shares following the acquisition

Negative

• None.

Insights

Financial Analyst

TL;DR: Director purchased shares, modestly increasing direct stake; transaction size is small relative to institutional moves.

The reported purchase of 1,724 shares at $14.50 increases the director's direct holding to 26,298 shares. This is a straightforward insider purchase reported under Section 16; it shows a director-level acquisition but the absolute size is limited. There are no disclosed derivative positions or additional compensatory arrangements. For investors, this is a routine insider buy disclosure without material balance-sheet or earnings implications disclosed in this form.

Corporate Governance Expert

TL;DR: Filing complies with Section 16 reporting; transaction was timely and executed via attorney-in-fact signature.

The Form 4 shows proper disclosure of a director's open-market purchase and a dated signature by an attorney-in-fact on 08/25/2025. The form lists no exemptions, plans, or derivative arrangements. From a governance perspective, the filing meets routine transparency expectations; it neither signals significant insider accumulation nor a change in control intent based on the disclosed numbers alone.

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
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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^*

Blackhurst Eric P.

(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)

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

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		1,724	A	$14.5	26,298	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 Eric P. Blackhurst	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 insider activity did Horizon Bancorp (HBNC) report on this Form 4?

Director Eric P. Blackhurst purchased 1,724 shares on 08/22/2025 at $14.50 per share, bringing his beneficial holdings to 26,298 shares.

When was the Form 4 signed for Eric P. Blackhurst's transaction?

The Form 4 was signed by an attorney-in-fact on 08/25/2025.

Did the Form 4 disclose any derivative securities or option exercises for HBNC?

No. The filing contains only a non-derivative common stock acquisition and lists no derivative securities.

Was the transaction reported as direct or indirect ownership?

The transaction and resulting ownership are reported as Direct (D).

Does the Form 4 indicate the purchase was made under a Rule 10b5-1 plan?

No. The filing does not indicate that the transaction was made pursuant to a Rule 10b5-1 plan.