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Independent Bank (NASDAQ: IBCP) exec now holds 2,207 shares after sale

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(Negative)
Form Type
4

Rhea-AI Filing Summary

INDEPENDENT BANK CORP (IBCP) officer Kristopher Kreter reported selling 300 shares of common stock on 2026-08-19 at $37.11 per share in an open market or private transaction. After this sale, he directly holds 2,207 shares and indirectly holds 278.57 shares through an ESOP.

Positive

  • None.

Negative

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Insider Kreter Kristopher
Role First Vice Pres. & Controller
Sold 300 shs ($11K)
Type Security Shares Price Value
Sale Common Stock 300 $37.11 $11K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 2,207 shares (Direct); Common Stock — 278.57 shares (Indirect, By ESOP)
Shares sold 300 shares Common Stock sale on 2026-08-19
Sale price $37.11 per share Price for 300 Common Stock shares sold on 2026-08-19
Direct holdings after transaction 2,207 shares Common Stock directly owned following the 2026-08-19 sale
Indirect ESOP holdings 278.57 shares Common Stock held indirectly by ESOP after 2026-08-19
Net shares sold 300 shares Net-sell direction per transaction summary
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.
open market or private transaction financial
"transaction_code_description: "Sale in open market or private transaction""
indirect financial
""ownership_type": "indirect""
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.

FAQ

What insider transaction did IBCP officer Kristopher Kreter report on this Form 4?

Kristopher Kreter reported selling 300 shares of INDEPENDENT BANK CORP (IBCP) common stock on 2026-08-19 at $37.11 per share. The transaction is coded as a sale in an open market or private transaction.

How many IBCP shares does Kristopher Kreter hold after the reported transaction?

After the transaction, Kristopher Kreter directly holds 2,207 IBCP shares. He also has an indirect holding of 278.57 shares through an ESOP, as reported in a separate holding entry on the Form 4.

What was the sale price per share in Kristopher Kreter’s IBCP Form 4 filing?

The reported sale price was $37.11 per share for the 300 IBCP shares sold on 2026-08-19. The filing identifies this as a sale in open market or private transaction with the price stated on a per-share basis.

Does the Form 4 indicate any Rule 10b5-1 trading plan for the IBCP insider sale?

The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and no footnote indicates a trading plan. The transaction is simply described as a sale in open market or private transaction without additional plan-related detail.

How many total IBCP shares were sold and what is the net direction of trading?

The Form 4 reports that 300 IBCP shares were sold, with no reported purchases or option exercises. The transaction summary shows net-sell activity of 300 shares, reflecting a single sale and no offsetting acquisitions.

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

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
Kreter Kristopher

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
First Vice Pres. & Controller
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/19/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock278.57IBy ESOP
Common Stock08/19/2026S300D$37.112,207D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
Remarks:
s/Darcy J. Benjamin, Attorney-in-Fact08/20/2026
** Signature of Reporting PersonDate
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)