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Independent Bank director buys 500 shares

Independent Bank Corp director Dennis W. Archer Jr reported buying a total of 500 shares of common stock on November 21, 2025, in two open-market purchases at $31.57 and $31.5783 per share.

(Neutral)
(Positive)
Form Type
4

Rhea-AI Filing Summary

Independent Bank Corp director Dennis W. Archer Jr reported buying a total of 500 shares of common stock on November 21, 2025, in two open-market purchases at $31.57 and $31.5783 per share. After these transactions, he directly holds 11,500 shares of the company’s common stock.

Positive

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Negative

  • None.
Insider Archer Dennis W. Jr
Role Director
Bought 500 shs ($16K)
Type Security Shares Price Value
Purchase Common Stock 212 $31.57 $7K
Purchase Common Stock 288 $31.5783 $9K
Holdings After Transaction: Common Stock — 11,500 shares (Direct)
Total shares purchased 500 shares Aggregate common stock bought by the director on November 21, 2025
First purchase tranche 212 shares at $31.57 Non-derivative common stock purchase reported as an open-market or private transaction
Second purchase tranche 288 shares at $31.5783 Additional non-derivative common stock purchase on the same date
Post-transaction holdings 11,500 shares Director’s direct common stock holdings after the reported transactions
Form 4 regulatory
"reported in a Form 4 insider transaction"
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
"classified as a purchase in an open market or private transaction"
direct ownership financial
"shares are held as direct ownership by the director"

FAQ

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

What insider transaction did IBCP report for Dennis W. Archer Jr?

Independent Bank Corp (IBCP) reported that director Dennis W. Archer Jr bought a total of 500 shares of common stock on November 21, 2025, in two open-market purchases at prices around $31.57 per share.

How many IBCP shares does Dennis W. Archer Jr own after this Form 4?

After the reported purchases, director Dennis W. Archer Jr directly holds 11,500 shares of Independent Bank Corp common stock. This figure reflects his post-transaction balance as disclosed in the canonical holdings section.

At what prices did the IBCP director buy shares on November 21, 2025?

On November 21, 2025, the director bought 212 shares at $31.57 per share and 288 shares at $31.5783 per share, both classified as purchases in an open market or private transaction.

Was the IBCP Form 4 transaction a purchase or a sale?

The Form 4 for Independent Bank Corp (IBCP) shows only buy transactions. The director executed two open-market purchases totaling 500 shares, with no reported sales, gifts, or derivative exercises in this filing.

Is the IBCP director’s ownership in this Form 4 direct or indirect?

The reported 11,500 shares of Independent Bank Corp common stock are held as direct ownership by director Dennis W. Archer Jr, meaning they are not reported through a trust, LLC, or other indirect entity.

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

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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*
Archer Dennis W. Jr

(Last) (First) (Middle)
4200 E BELTLINE

(Street)
GRAND RAPIDS MI 49525

(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 11/21/2025 P 212 A $31.57 11,212 D
Common Stock 11/21/2025 P 288 A $31.5783 11,500 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 11/24/2025
** 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.

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