Independent Bank CEO sells 2,000 shares at $37

INDEPENDENT BANK CORP (IBCP) reported that President & CEO and director William B. Kessel sold a total of 2,000 shares of common stock in several open-market transactions on September 15, 2026, at prices between $37.10 and $37.41.

Available on EDGAR 09/16/2026 - 09:01 AM EDT Accepted by SEC EDGAR 09/16/2026 - 09:01 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

INDEPENDENT BANK CORP (IBCP) reported that President & CEO and director William B. Kessel sold a total of 2,000 shares of common stock in several open-market transactions on September 15, 2026, at prices between $37.10 and $37.41. No Rule 10b5-1 trading plan is reported, and Kessel also reports 9,122.21 shares held indirectly through an employee stock ownership plan.

Insider Trade Summary

Net Seller: 2,000 shares

Net Sell 9 txns

Insider Kessel William B

Role President & CEO

Sold 2,000 shs ($75K)

Share of Position Sold 1.3%

Type	Security	Shares	Price	Value
Sale	Common Stock	100	$37.10	$4K
Sale	Common Stock	194	$37.17	$7K
Sale	Common Stock	200	$37.18	$7K
Sale	Common Stock	195	$37.19	$7K
Sale	Common Stock	106	$37.25	$4K
Sale	Common Stock	405	$37.30	$15K
Sale	Common Stock	600	$37.36	$22K
Sale	Common Stock	100	$37.38	$4K
Sale	Common Stock	100	$37.41	$4K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 157,836 shares (Direct); Common Stock — 9,122.21 shares (Indirect, By ESOP)

Holdings Before and After: Common Stock, 159,836 to 157,836 shares (Direct)

Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.

Key Figures

Shares sold: 2,000 shares Sale price range: $37.10–$37.41 per share Indirect ESOP holdings: 9,122.21 shares +1 more

4 metrics

Shares sold 2,000 shares Total IBCP common shares sold by William B. Kessel on September 15, 2026

Sale price range $37.10–$37.41 per share Prices for the reported open-market sales on September 15, 2026

Indirect ESOP holdings 9,122.21 shares IBCP common shares held indirectly for Kessel through an ESOP after the reported date

Number of sale transactions 9 transactions Individual open-market sale entries of IBCP common stock on September 15, 2026

Key Terms

Rule 10b5-1, ESOP

2 terms

Rule 10b5-1 regulatory

"No Rule 10b5-1 trading plan is reported"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

ESOP financial

"shares held indirectly through an ESOP"

An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.

FAQ

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

What insider transaction did IBCP report for William B. Kessel?

INDEPENDENT BANK CORP reported that William B. Kessel executed open-market sales of 2,000 common shares on September 15, 2026, across multiple small trades at prices around $37 per share.

How many IBCP shares did the CEO sell and at what prices?

William B. Kessel sold a total of 2,000 IBCP common shares on September 15, 2026, in several trades at prices ranging from $37.10 to $37.41 per share.

Were the IBCP insider sales made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that no Rule 10b5-1 trading plan is reported for the September 15, 2026 sales of 2,000 IBCP common shares by William B. Kessel.

Does William B. Kessel have any indirect holdings of IBCP stock?

Yes. The Form 4 reports that 9,122.21 IBCP common shares are held indirectly for William B. Kessel through an ESOP (employee stock ownership plan).

What role does William B. Kessel hold at INDEPENDENT BANK CORP (IBCP)?

William B. Kessel is reported as both President & Chief Executive Officer and a director of INDEPENDENT BANK CORP in the Form 4 covering the September 15, 2026 transactions.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Kessel William B

(Last) (First) (Middle)

4200 E BELTLINE

(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
X	Officer (give title below)		Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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
Common Stock								9,122.21	I	By ESOP
Common Stock	09/15/2026		S		100	D	$37.1	159,736	D
Common Stock	09/15/2026		S		194	D	$37.17	159,542	D
Common Stock	09/15/2026		S		200	D	$37.18	159,342	D
Common Stock	09/15/2026		S		195	D	$37.19	159,147	D
Common Stock	09/15/2026		S		106	D	$37.25	159,041	D
Common Stock	09/15/2026		S		405	D	$37.3	158,636	D
Common Stock	09/15/2026		S		600	D	$37.36	158,036	D
Common Stock	09/15/2026		S		100	D	$37.38	157,936	D
Common Stock	09/15/2026		S		100	D	$37.41	157,836	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/Darcy J. Benjamin, Attorney-in-Fact	09/15/2026
	** 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)