Independent Bank Corp (IBCP) executive sells 2,500 common shares in open market

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Independent Bank Corp executive Patrick J. Ervin reported insider sales of company stock. On June 9, 2026, he sold a total of 2,500 shares of common stock in open-market transactions at prices ranging from about $35.39 to $35.44 per share.

Following these sales, Ervin holds 36,440 shares of Independent Bank Corp common stock directly, and an additional 2,056.95 shares indirectly through an ESOP account.

Insider Trade Summary

Net Seller: 2,500 shares ($88,505)

Net Sell 6 txns

Insider Ervin Patrick J

Role Executive Vice President

Sold 2,500 shs ($89K)

Type	Security	Shares	Price	Value
Sale	Common Stock	780	$35.42	$28K
Sale	Common Stock	242	$35.41	$9K
Sale	Common Stock	76	$35.40	$3K
Sale	Common Stock	2	$35.44	$70.88
Sale	Common Stock	1,400	$35.3904	$50K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 36,440 shares (Direct, null); Common Stock — 2,056.95 shares (Indirect, By ESOP)

Footnotes (1)

Key Figures

Shares sold: 2,500 shares Sale price range: $35.3904–$35.4400 per share Direct holdings after sale: 36,440 shares +1 more

4 metrics

Shares sold 2,500 shares Total common stock sold on June 9, 2026

Sale price range $35.3904–$35.4400 per share Open-market common stock sales on June 9, 2026

Direct holdings after sale 36,440 shares Common stock directly owned after June 9, 2026 sales

Indirect ESOP holdings 2,056.95 shares Common stock held indirectly “By ESOP” as of June 9, 2026

Key Terms

open-market sale, ESOP, indirect ownership, Form 4

4 terms

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

ESOP financial

"nature_of_ownership: By 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.

indirect ownership financial

"ownership_type: indirect; nature_of_ownership: By ESOP"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

06/10/2026 - 08:16 AM

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^*

Ervin Patrick J

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								2,056.95	I	By ESOP
Common Stock	06/09/2026		S		780	D	$35.42	36,440	D
Common Stock	06/09/2026		S		242	D	$35.41	36,198	D
Common Stock	06/09/2026		S		76	D	$35.4	36,122	D
Common Stock	06/09/2026		S		2	D	$35.44	36,120	D
Common Stock	06/09/2026		S		1,400	D	$35.3904	34,720	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

Remarks:

	s/Darcy J. Benjamin, Attorney-in-Fact	06/09/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did IBCP report for Patrick J. Ervin?

Independent Bank Corp reported that Executive Vice President Patrick J. Ervin sold company stock. He disposed of 2,500 shares of common stock in multiple open-market transactions on June 9, 2026, according to the Form 4 insider trading disclosure.

How many Independent Bank Corp (IBCP) shares did the executive sell?

Patrick J. Ervin sold 2,500 shares of Independent Bank Corp common stock. The Form 4 shows several separate open-market sale transactions on June 9, 2026, which together total 2,500 shares sold into the market.

At what prices were the IBCP shares sold by Patrick J. Ervin?

The reported Independent Bank Corp share sales occurred at prices around the mid-$35 range. Individual transactions were priced between $35.3904 and $35.4400 per share in open-market trades executed on June 9, 2026.

How many IBCP shares does Patrick J. Ervin hold after these sales?

After the reported sales, Patrick J. Ervin directly holds 36,440 shares of Independent Bank Corp common stock. This post-transaction holding is disclosed in the Form 4 as his direct ownership following the June 9, 2026 open-market sales.

What indirect ESOP holdings does the IBCP executive report?

In addition to direct holdings, Patrick J. Ervin reports 2,056.95 Independent Bank Corp shares held indirectly through an ESOP. The Form 4 identifies this position as indirect ownership, labeled “By ESOP,” separate from his directly owned common stock.

Does the Form 4 for IBCP show any option exercises or derivative trades?

The Form 4 summary shows no option exercises or other derivative transactions. All reported trades for Patrick J. Ervin on June 9, 2026 involve non-derivative common stock, with the filing indicating zero derivative transaction count and exercise shares.