[Form 4] Horizon Bancorp, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Kevin W. Ahern, a director of Horizon Bancorp, Inc. (HBNC), purchased 6,896 shares of the issuer's common stock on 08/22/2025 at a price of $14.50 per share. After the transaction, Mr. Ahern beneficially owned 16,896 shares. The Form 4 was signed by an attorney-in-fact on 08/25/2025. The filing discloses a standard insider open-market purchase and no derivative activity.

Positive

• Insider purchase disclosed: Director Kevin W. Ahern acquired 6,896 shares, showing personal investment in HBNC.
• Clear, timely disclosure: Form 4 filed with transaction date 08/22/2025 and signature dated 08/25/2025, with no derivative complexity reported.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director-level insider bought shares, signalling personal capital commitment but not necessarily material for shareholders.

The Form 4 shows a director-level insider purchase of 6,896 common shares at $14.50, increasing beneficial ownership to 16,896 shares. This is a routine Section 16 disclosure documenting compliance with insider reporting rules. The transaction was reported promptly and executed without associated derivative instruments or complex structures, reducing governance complexity in the disclosure.

Securities Analyst

TL;DR: Insider purchase is a routine, modest-sized acquisition; likely neutral on company valuation absent other material context.

The director's open-market purchase is documented clearly: 6,896 shares at $14.50 on 08/22/2025, yielding 16,896 shares owned post-transaction. There are no exercised options or derivative positions reported. By itself, the trade size appears modest relative to typical market caps and does not provide quantifiable evidence of a material change in insider conviction or corporate outlook.

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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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^*

Ahern Kevin

(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		6,896	A	$14.5	16,896	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 Kevin W. Ahern	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 transaction did HBNC director Kevin W. Ahern report on Form 4?

He purchased 6,896 shares of Horizon Bancorp common stock on 08/22/2025 at $14.50 per share, increasing his beneficial ownership to 16,896 shares.

Was any derivative or option activity reported in this Form 4 for HBNC (ticker: HBNC)?

No. Table II for derivative securities contains no entries; the filing reports only a straight common stock purchase.

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

Transaction date: 08/22/2025. Signature (attorney-in-fact): 08/25/2025.

How many shares does Kevin W. Ahern own after the reported transaction?

16,896 shares beneficially owned following the 08/22/2025 purchase.

What price did Kevin W. Ahern pay per share in the reported purchase?

$14.50 per share as reported on the Form 4 for the 08/22/2025 transaction.