[Form 4] INDEPENDENT BANK CORP /MI/ Insider Trading Activity

Rhea-AI Filing Summary

William J. Boer, identified as a director of Independent Bank Corp /MI/ (ticker IBCP), reported a transaction on 10/01/2025 on SEC Form 4. The filing shows an acquisition of 348 shares of the issuer's common stock at a price of $30.98 per share. The report also discloses 28,124 shares held indirectly by a trust and a reported beneficial ownership figure of 15,754.13 shares following the transaction, with a footnote stating that 127.61 shares were acquired through a dividend reinvestment program during the third quarter. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.

Insights

Securities Analyst

TL;DR: Insider acquired a small number of shares; transaction is routine and likely not material to valuation.

The Form 4 shows a director-level insider purchase of 348 shares at $30.98 on 10/01/2025. The filing also discloses indirect trust holdings of 28,124 shares and a post-transaction beneficial ownership figure of 15,754.13 shares, including 127.61 shares from a dividend reinvestment program. From a market-impact perspective, the size of the purchase is modest relative to typical institutional volumes and does not by itself signal a material change to the companys capitalization or control. Documentation appears complete with an attorney-in-fact signature.

Corporate Governance Expert

TL;DR: Disclosure follows Section 16 formatting; transaction and holdings are transparently reported.

The filing correctly identifies the reporting person as a director and indicates the form was filed by one reporting person. It includes the required details: transaction date, number of shares acquired, acquisition price, and a footnote clarifying dividend reinvestment activity. The presence of indirect holdings (by trust) is disclosed. There are no statements in the form indicating resignations, related-party transfers, or changes in control, so governance implications appear limited based on the provided content.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Boer William J

(Last) (First) (Middle)

4200 E BELTLINE AVE

(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)
10/01/2025

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								28,124	I	By Trust
Common Stock	10/01/2025		A		348	A	$30.98	15,754.13(1)	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:

1. Includes 127.61 shares acquired through dividend reinvestment program (DRIP) during the third quarter.

Remarks:

	s/Darcy J. Benjamin, Attorney-in-Fact	10/01/2025
	** 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.

FAQ

What insider transaction did William J. Boer report for IBCP?

The Form 4 reports that William J. Boer acquired 348 shares of IBCP common stock on 10/01/2025 at $30.98 per share.

How many IBCP shares does William J. Boer beneficially own after the reported transaction?

The filing shows a post-transaction beneficial ownership figure of 15,754.13 shares and 28,124 shares held indirectly by a trust, as reported on the Form 4.

Does the Form 4 disclose any dividend reinvestment activity for Boer?

Yes. A footnote states that 127.61 shares were acquired through a dividend reinvestment program during the third quarter.

Who signed the Form 4 for William J. Boer?

The Form 4 was signed by Darcy J. Benjamin, Attorney-in-Fact on behalf of the reporting person on 10/01/2025.

What price was paid for the reported IBCP share purchase?

The reported purchase price was $30.98 per share.