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First Internet Bancorp (INBK) director receives 2,416-share restricted stock award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

First Internet Bancorp director John K. Keach Jr. received a grant of 2,416 shares of common stock at no cost as a restricted stock award. The award is scheduled to vest on the earlier of May 18, 2027 or immediately before the company’s next annual shareholders’ meeting. After this grant, he holds 39,571 shares directly, including 109 shares acquired through the company’s Dividend Reinvestment and Stock Purchase Plan.

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Insider KEACH JOHN K JR
Role null
Type Security Shares Price Value
Grant/Award Common Stock 2,416 $0.00 --
Holdings After Transaction: Common Stock — 39,571 shares (Direct, null)
Footnotes (1)
  1. Restricted stock award scheduled to vest the earlier of May 18, 2027 or immediately prior to the Company's next annual shareholders' meeting. Includes 109 shares acquired between January 16, 2026 and May 18, 2026 pursuant to the First Internet Bancorp Dividend Reinvestment and Stock Purchase Plan.
Restricted stock grant 2,416 shares Common Stock awarded on May 18, 2026
Grant price $0.00 per share Equity compensation, not open-market purchase
Post-transaction holdings 39,571 shares Total common shares directly owned after grant
Dividend reinvestment shares 109 shares Acquired via Dividend Reinvestment and Stock Purchase Plan
Restricted stock award financial
"Restricted stock award scheduled to vest the earlier of May 18, 2027..."
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
Dividend Reinvestment and Stock Purchase Plan financial
"Includes 109 shares acquired ... pursuant to the First Internet Bancorp Dividend Reinvestment and Stock Purchase Plan."
A dividend reinvestment and stock purchase plan lets investors automatically use cash dividends to buy additional shares and often make extra share purchases directly from the company, usually at low or no commission. Think of it as an automatic savings plan for stock: dividends and optional contributions are turned into more shares, helping ownership grow through compounding and making regular investing simple and low-cost—key for long-term investors.
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.
Form 4 Insider Transactions: What Each Field Means →
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*
KEACH JOHN K JR
(Last)(First)(Middle)
8701 E. 116TH STREET
(Street)
FISHERS INDIANA 46038
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
First Internet Bancorp [ INBK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026		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 Stock05/18/2026A2,416(1)A$039,571(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Restricted stock award scheduled to vest the earlier of May 18, 2027 or immediately prior to the Company's next annual shareholders' meeting.
2. Includes 109 shares acquired between January 16, 2026 and May 18, 2026 pursuant to the First Internet Bancorp Dividend Reinvestment and Stock Purchase Plan.
Remarks:
/s/ Kenneth J. Lovik, Attorney-in-Fact for John K. Keach, Jr. (power of attorney previously filed)05/19/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did INBK director John K. Keach Jr. report on this Form 4?

He reported receiving a grant of 2,416 shares of First Internet Bancorp common stock. The transaction is coded as a grant or award, meaning it was compensation-related rather than an open-market purchase or sale.

At what price were the 2,416 INBK shares granted to John K. Keach Jr.?

The 2,416 shares were granted at a price of $0.00 per share. This indicates the shares were awarded as equity compensation, not bought on the open market, which is typical for director and executive stock awards.

When will John K. Keach Jr.’s new INBK restricted stock award vest?

The restricted stock award is scheduled to vest the earlier of May 18, 2027 or immediately prior to First Internet Bancorp’s next annual shareholders’ meeting. This creates a time-based vesting schedule linked to board service and the shareholder meeting cycle.

How many INBK shares does John K. Keach Jr. own after this transaction?

After the grant, he directly owns 39,571 shares of First Internet Bancorp common stock. This total includes 109 shares acquired through the company’s Dividend Reinvestment and Stock Purchase Plan between January 16, 2026 and May 18, 2026.

What is the nature of the INBK shares acquired under the dividend reinvestment plan?

The filing notes that 109 shares were acquired under the First Internet Bancorp Dividend Reinvestment and Stock Purchase Plan. Such plans typically reinvest cash dividends into additional shares, gradually increasing an investor’s holdings over time without separate market purchases.