IBCP director awarded 528 Phantom Stock Units

GULIS STEPHEN L JR reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

GULIS STEPHEN L JR reported acquisition or exercise transactions in this Form 4 filing.

INDEPENDENT BANK CORP /MI/ director Stephen L. Gulis Jr. received a grant of 528.2400 Phantom Stock Units on 2026-05-14. These units were credited under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan for Non Employee Directors at a reference price of $33.7100 per unit.

The Phantom Stock Units are designed to mirror the value of the company’s common stock and are to be settled in shares of Common Stock when he retires from the board. Following this award, his total Phantom Stock Units reported in this plan increased to 64118.6600 units, all held as direct derivative interests.

Insider Trade Summary

Grant/Award: 528.24 shares

Grant/Award 1 txn

Insider GULIS STEPHEN L JR

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	528.24	$33.71	$18K

Holdings After Transaction: Phantom Stock Units — 64,118.66 contracts (Direct)

Footnotes (1)

1. F1. The Phantom Stock Units were accrued for under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan for Non Employee Directors and are to be settled in the Issuer's Common Stock upon the reporting person's retirement as a director.

Key Figures

Phantom Stock Units granted: 528.2400 units Grant reference price: $33.7100 per unit Total Phantom Stock Units after grant: 64118.6600 units +2 more

5 metrics

Phantom Stock Units granted 528.2400 units Grant on 2026-05-14 to director Stephen L. Gulis Jr.

Grant reference price $33.7100 per unit Value used to credit Phantom Stock Units under director plan

Total Phantom Stock Units after grant 64118.6600 units Director’s aggregate Phantom Stock Units following the award

Underlying common stock shares 528.2400 shares Common Stock underlying the newly granted Phantom Stock Units

Transaction code A Grant, award, or other acquisition of derivative securities

Key Terms

Phantom Stock Units, Deferred Compensation and Stock Purchase Plan for Non Employee Directors, Common Stock, Grant, award, or other acquisition

4 terms

Phantom Stock Units financial

"The Phantom Stock Units were accrued for under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan..."

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

Deferred Compensation and Stock Purchase Plan for Non Employee Directors financial

"accrued for under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan for Non Employee Directors..."

Common Stock financial

"are to be settled in the Issuer's Common Stock upon the reporting person's retirement as a director"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition regulatory

"transaction code A is described as Grant, award, or other acquisition"

FAQ

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

What insider transaction did IBCP director Stephen L. Gulis Jr. report?

Stephen L. Gulis Jr. reported an acquisition of 528.2400 Phantom Stock Units. The units were granted as part of director compensation and track Independent Bank Corp’s common stock value, to be settled in shares upon his retirement from the board.

How many Phantom Stock Units does Stephen L. Gulis Jr. hold after this IBCP Form 4?

After this grant, Stephen L. Gulis Jr. holds 64118.6600 Phantom Stock Units. These units are deferred compensation that reflects the value of Independent Bank Corp’s common stock and will convert into shares when he retires as a director.

At what reference price were the new IBCP Phantom Stock Units granted?

The 528.2400 Phantom Stock Units were granted at a reference price of $33.7100 per unit. This price is used to determine the number of units credited under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan for Non Employee Directors.

When will the IBCP Phantom Stock Units be settled into common stock?

The Phantom Stock Units are scheduled to be settled in Independent Bank Corp common stock upon Stephen L. Gulis Jr.’s retirement as a director. Until then, they remain as deferred compensation units rather than currently issued shares.

Are the IBCP Phantom Stock Units held directly or indirectly by the reporting person?

The Form 4 reports the Phantom Stock Units as directly owned by Stephen L. Gulis Jr. The ownership code is “D” for direct, indicating personal derivative holdings rather than through a separate trust or entity.

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

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Accepted by SEC EDGAR 07/02/2026 - 11:02 AM Learn about SEC filing dates

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^*

GULIS STEPHEN L JR

(Last) (First) (Middle)

4200 E BELTLINE AVE

(Street)

GRAND RAPIDS MICHIGAN 49525

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
INDEPENDENT BANK CORP /MI/ [ IBCP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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
Phantom Stock Units	(1)	05/14/2026		A	V	528.24		(1)	(1)	Common Stock	528.24	$33.71	64,118.66	D

Explanation of Responses:

1. The Phantom Stock Units were accrued for under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan for Non Employee Directors and are to be settled in the Issuer's Common Stock upon the reporting person's retirement as a director.

Remarks:

	s/Darcy J. Benjamin, Attorney-in-Fact	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)