[144] Independent Bank Corp. SEC Filing

Rhea-AI Filing Summary

Independent Bank Corp. (IBCP) Form 144 filing summary: This notice reports a proposed sale of 1,400 shares of common stock, with an aggregate market value of $44,900.24, to be sold on or about 09/03/2025 on the NASD. The shares are being sold by Jennifer Scharphorn through broker Jennifer Scharphorn at 250 Monroe Ave NW, Grand Rapids, MI. The filer acquired the shares on 02/26/2025 via a stock option granted by Stefanie Kimball, receiving 3,447 shares in that transaction and paid with stock on the acquisition date. The filing indicates no securities sold by the person in the prior three months and includes the required representation about material nonpublic information.

Insights

Financial Analyst

TL;DR: Insider intends to sell a small position: 1,400 shares worth ~$44.9K, a minor liquidity event relative to typical market caps.

The filing documents a routine Form 144 notice for an insider sale scheduled for 09/03/2025. The position size and aggregate value are modest, and there were no reported sales in the prior three months. The acquisition via stock option on 02/26/2025 and immediate payment in stock are noted; this indicates the shares originated from a recent equity award rather than open-market purchases. For investors, this filing is procedural disclosure of a proposed sale and does not by itself indicate material change to the company’s operations or financial condition.

Corporate Governance Expert

TL;DR: The Form 144 appears compliant and routine, documenting a limited insider sale from recent option exercise.

The notice contains the required elements: seller identity, broker details, class and amount of securities, acquisition method (stock option), acquisition date, and planned sale date. The filer affirms absence of undisclosed material information. The transaction size (1,400 shares, $44,900.24) is small and the form indicates no clustered prior sales, reducing immediate governance concerns. This is a standard disclosure under Rule 144.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	Jennifer Scharphorn 250 Monroe Ave NW Grand Rapids MI 49503	1400	44900.24	20709510	09/03/2025	NASD

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	02/26/2025	Stock Option	Stefanie Kimball			3447	02/26/2025	Stock

* 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

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the IBCP Form 144 filed by Jennifer Scharphorn disclose?

The filing discloses a proposed sale of 1,400 common shares with aggregate market value $44,900.24, planned for 09/03/2025 on NASD.

How and when were the shares being sold acquired?

The shares were acquired on 02/26/2025 via a stock option from Stefanie Kimball; the acquisition shows 3,447 shares received and payment in stock on that date.

Did the filer report any sales in the past three months?

No. The Form 144 states Nothing to Report for securities sold during the past three months.

Does the filing state any undisclosed material information?

By signing, the filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.

On which exchange is the sale expected to occur?

The Form 144 lists the sale to occur on NASD.