First Internet Bancorp (INBK) director granted 2,416 restricted shares with 2027 vesting

Rhea-AI Filing Summary

Christian Justin P. reported acquisition or exercise transactions in this Form 4 filing.

First Internet Bancorp director Christian Justin P. received a grant of 2,416 shares of common stock as a restricted stock award. The award was granted at $0.00 per share as compensation, not through an open-market purchase or sale, and increases his direct holdings to 13,278 common shares.

The restricted stock is scheduled to vest on the earlier of May 18, 2027 or immediately before the company’s next annual shareholders’ meeting. In addition to these direct holdings, 28,722 common shares are reported as held indirectly through Market Street Capital Inc.

Insights

Equity compensation analyst

Routine director stock grant with time-based vesting.

The filing shows director Christian Justin P. receiving 2,416 shares of First Internet Bancorp common stock as a restricted stock award at $0.00 per share. This is compensation-related, not an open-market trade, and therefore carries limited signal about his short-term view of the stock.

The award is scheduled to vest on the earlier of May 18, 2027 or immediately prior to the next annual shareholders’ meeting, indicating time-based service conditions. After the grant, he holds 13,278 shares directly, alongside 28,722 shares reported as held indirectly via Market Street Capital Inc.

Insider Trade Summary

Net Buyer: 2,416 shares

Net Buy 2 txns

Insider Christian Justin P.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,416	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 13,278 shares (Direct); Common Stock — 28,722 shares (Indirect, Shares held by Market Street Capital Inc)

Footnotes (1)

1. F1. Restricted stock award scheduled to vest the earlier of May 18, 2027 or immediately prior to the Company's next annual shareholders' meeting.

Key Figures

Restricted stock grant: 2,416 shares Grant price: $0.00 per share Direct holdings after grant: 13,278 shares +2 more

5 metrics

Restricted stock grant 2,416 shares Common Stock award to director Christian Justin P.

Grant price $0.00 per share Price for restricted stock award

Direct holdings after grant 13,278 shares Common Stock held directly following transaction

Indirect holdings 28,722 shares Shares held indirectly by Market Street Capital Inc

Vesting date trigger May 18, 2027 Vests earlier of this date or before next annual meeting

Key Terms

Restricted stock award, Grant, award, or other acquisition, Indirect ownership, Common Stock

4 terms

Restricted stock award financial

"Restricted stock award scheduled to vest the earlier of May 18, 2027 or immediately prior"

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.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Indirect ownership financial

"ownership_type: indirect; nature_of_ownership: Shares held by Market Street Capital Inc"

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

What did Christian Justin P. acquire in this First Internet Bancorp (INBK) Form 4?

Christian Justin P., a director of First Internet Bancorp, acquired 2,416 shares of common stock as a restricted stock award. The shares were granted at $0.00 per share as equity compensation, not bought in the open market.

How many First Internet Bancorp (INBK) shares does Christian Justin P. hold after this transaction?

After this grant, Christian Justin P. directly holds 13,278 shares of First Internet Bancorp common stock. The filing also reports 28,722 additional shares held indirectly through Market Street Capital Inc., a separate entity associated with him.

When do the newly granted INBK restricted shares to Christian Justin P. vest?

The 2,416 restricted shares granted to Christian Justin P. are scheduled to vest the earlier of May 18, 2027 or immediately before First Internet Bancorp’s next annual shareholders’ meeting, according to the footnote in the Form 4 filing.

Was the INBK Form 4 transaction an open-market buy or sell by Christian Justin P.?

No, the Form 4 does not report an open-market buy or sell. It shows a grant of 2,416 restricted shares at $0.00 per share, classified as a grant/award acquisition rather than a purchase or sale on the market.

What is the nature of the indirect INBK holdings reported for Christian Justin P.?

The filing shows 28,722 shares of First Internet Bancorp common stock held indirectly under the description “Shares held by Market Street Capital Inc”. This indicates those shares are owned through that entity rather than as direct personal holdings.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/19/2026 - 03:06 PM 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^*

Christian Justin P.

(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)

X	Director		10% 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)

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/18/2026		A		2,416(1)	A	$0	13,278	D
Common Stock								28,722	I	Shares held by Market Street Capital Inc

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. Restricted stock award scheduled to vest the earlier of May 18, 2027 or immediately prior to the Company's next annual shareholders' meeting.

Remarks:

	/s/ Kenneth J. Lovik, Attorney-in-Fact for Justin P. Christian (power of attorney previously filed)	05/19/2026
	** 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)