How is the 2,416-share award for INBK’s director classified in the Form 4?

The 2,416-share award is classified as a non-derivative transaction with code A, described as a grant, award, or other acquisition. It represents restricted Common Stock granted at $0.0000 per share as part of director compensation.

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

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Bade Aasif M. reported acquisition or exercise transactions in this Form 4 filing.

First Internet Bancorp director Bade Aasif M. received a grant of 2,416 shares of Common Stock as a restricted stock award. This 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 14,335 shares directly and 32,500 shares indirectly through a spousal lifetime access trust. The transaction is a compensation-related stock award rather than an open-market purchase or sale.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bade Aasif M.

Role null

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

Holdings After Transaction: Common Stock — 14,335 shares (Direct, null); Common Stock — 32,500 shares (Indirect, Shares held in a spousal lifetime access trust)

Footnotes (1)

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Key Figures

Restricted stock grant: 2,416 shares Direct holdings after grant: 14,335 shares Indirect holdings: 32,500 shares +2 more

5 metrics

Restricted stock grant 2,416 shares Common Stock award on May 18, 2026

Direct holdings after grant 14,335 shares Common Stock held directly following transaction

Indirect holdings 32,500 shares Held in a spousal lifetime access trust

Vesting date May 18, 2027 Latest vesting date for restricted stock award

Grant price $0.0000 per share Restricted stock award exercise/issue price

Key Terms

Restricted stock award, spousal lifetime access trust, Grant, award, or other acquisition, Common Stock

4 terms

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.

spousal lifetime access trust financial

"Shares held in a spousal lifetime access trust"

Grant, award, or other acquisition financial

"transaction code description: Grant, award, or other acquisition"

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.

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 03:07 PM

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^*

Bade Aasif M.

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/18/2026		A		2,416⁽¹⁾	A	$0	14,335	D
Common Stock								32,500	I	Shares held in a spousal lifetime access trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 Aasif M. Bade (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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did First Internet Bancorp (INBK) report for Bade Aasif M.?

First Internet Bancorp reported that director Bade Aasif M. received a grant of 2,416 shares of Common Stock as a restricted stock award. This is a compensation-related acquisition rather than an open-market trade, reflecting equity-based incentives for the director.

How many First Internet Bancorp (INBK) shares does Bade Aasif M. now hold directly?

Following the restricted stock grant, Bade Aasif M. directly holds 14,335 shares of First Internet Bancorp Common Stock. This figure reflects his direct ownership after the 2,416-share restricted stock award reported in the Form 4 filing.

What is the vesting schedule of the restricted stock award reported for INBK’s director?

The restricted stock award is scheduled to vest on the earlier of May 18, 2027 or immediately prior to First Internet Bancorp’s next annual shareholders’ meeting. This time-based vesting aligns the director’s equity compensation with future service to the company.

Does the Form 4 for INBK show any open-market buying or selling by Bade Aasif M.?

The Form 4 does not show any open-market purchases or sales by Bade Aasif M. It reports a grant of 2,416 restricted shares at a price of $0.0000 per share, indicating a compensation award instead of a market transaction.

What indirect holdings of First Internet Bancorp (INBK) stock are reported for Bade Aasif M.?

The filing reports 32,500 shares of First Internet Bancorp Common Stock held indirectly in a spousal lifetime access trust. These shares are categorized as indirect ownership, separate from the 14,335 shares he holds directly after the restricted stock grant.