Independent Bank officer plans 2,000-share sale

An officer of INDEPENDENT BANK CORP filed a Rule 144 notice to sell 2,000 restricted shares previously granted as equity compensation.

Rhea-AI Filing Summary

INDEPENDENT BANK CORP (IBCP) received a Rule 144 notice covering a planned sale of 2,000 shares of common stock beneficially owned by officer William B. Kessel. The shares, originally issued as restricted stock via equity compensation on January 24, 2025, are to be sold through Stifel Nicolaus & Company on or after September 15, 2026 on Nasdaq.

Key Figures

Shares covered by Rule 144 notice: 2,000 shares Aggregate value of shares: $74,558.00 Planned sale date: September 15, 2026 +1 more

4 metrics

Shares covered by Rule 144 notice 2,000 shares Common stock of INDEPENDENT BANK CORP to be sold for the account of William B. Kessel

Aggregate value of shares $74,558.00 Value listed for the 2,000 IBCP common shares in the Form 144

Planned sale date September 15, 2026 Date from which the 2,000 IBCP shares may be sold on Nasdaq

Date restricted stock was acquired January 24, 2025 Acquisition date of the 2,000 restricted IBCP shares via equity compensation

Key Terms

Rule 144, restricted stock, equity compensation

3 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

restricted stock financial

"Common Stock | 01/24/2025 | Restricted Stock | Issuer"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

equity compensation financial

"2000 | 01/24/2025 | Equity Compensation"

Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing mean for INDEPENDENT BANK CORP (IBCP)?

It reports that 2,000 shares of IBCP common stock held for the account of officer William B. Kessel may be sold under Rule 144 through Stifel Nicolaus & Company on or after September 15, 2026 on Nasdaq.

How many INDEPENDENT BANK CORP (IBCP) shares are covered by this Rule 144 notice?

The notice covers 2,000 shares of INDEPENDENT BANK CORP common stock. These shares were acquired as restricted stock through equity compensation on January 24, 2025 and are now eligible for potential resale under Rule 144.

What is the stated market value of the IBCP shares in this Form 144?

The Form 144 lists an aggregate value of $74,558.00 for the 2,000 IBCP common shares covered by the notice, based on the filer’s calculation at the time of the filing.

Who is selling the INDEPENDENT BANK CORP (IBCP) shares under this Form 144?

The shares are for the account of William B. Kessel, identified as an officer of INDEPENDENT BANK CORP. The Form 144 is signed by James Weimer as a duly authorized representative of Stifel, acting as attorney-in-fact for Kessel.

What type of INDEPENDENT BANK CORP (IBCP) securities are involved in this filing?

The securities are common stock of INDEPENDENT BANK CORP. They are described as restricted stock acquired from the issuer as equity compensation on January 24, 2025 and are being noticed for potential resale under Rule 144.

Which broker is handling the planned sale of IBCP shares in this Form 144?

The planned sale is to be handled by Stifel Nicolaus & Company Inc., located in St. Louis, Missouri. The shares are expected to be sold on Nasdaq beginning September 15, 2026, as stated in the notice.

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

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Available on EDGAR 09/15/2026 - 04:07 PM Accepted by SEC EDGAR 09/15/2026 - 04:06 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001290904
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	INDEPENDENT BANK CORP /MI/
SEC File Number	000-07818
Address of Issuer	4200 E BELTLINE AVE GRAND RAPIDS MICHIGAN 49525
Phone	8003550641
Name of Person for Whose Account the Securities are To Be Sold	Kessel William B
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Stifel Nicolaus & Company Inc 501 N Broadway St. Louis MO 63102	2000	74558.00	22199295	09/15/2026	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	01/24/2025	Restricted Stock	Issuer			2000	01/24/2025	Equity Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/15/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ James Weimer, as a duly authorized representative of STIFEL, as attorney-in-fact for William Kessel
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)