Independent Bank Corp Form 144 reveals 5K-share insider sale

Rhea-AI Filing Summary

Independent Bank Corp. (INDB) has filed a Form 144 indicating an affiliated holder’s intent to sell 5,000 common shares on or about 25 Jul 2025 through broker RTC IMG on the Nasdaq.

The shares, valued at an aggregate $339,100, were acquired via a series of restricted-stock vesting events between Feb 2020 – Feb 2023. No sales were reported in the past three months. With 50,107,000 shares outstanding, the planned sale represents roughly 0.01 % of the float, suggesting limited market impact. The filer certifies possession of no undisclosed material information.

Positive

• None.

Negative

• Insider intends to sell 5,000 shares worth $339k, which can be interpreted as a slight negative signal on personal sentiment, even though the percentage of float is minimal.

Insights

Equity Research Analyst

TL;DR: Minor insider sale (5k shares, 0.01% float) flagged; likely neutral for INDB’s trading dynamics.

The filing discloses an insider’s intention to monetize restricted stock worth $339k. Given the tiny fraction of shares relative to the 50.1 m float and absence of recent insider selling, the transaction appears routine, linked to compensation-related vesting rather than a strategic divestiture. No valuation metrics, earnings data or corporate developments accompany the notice, so fundamental outlook remains unchanged. Trading impact should be negligible, but investors may watch for additional filings to gauge sentiment.

Corporate Governance Specialist

TL;DR: Filing is procedural; certification states no non-public adverse info, supporting compliance integrity.

Rule 144 requires disclosure when insiders plan open-market sales. The signer affirms no knowledge of undisclosed material events, mitigating concerns of informational asymmetry. Spread-out vesting dates and single sale suggest normal liquidity planning rather than broad insider exit. Governance risk is therefore low, though continued monitoring of subsequent Forms 4 or 144 will confirm whether this is an isolated sale or start of a pattern.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	RTC IMG 288 Union Street Rockland MA 02370	5000	339100	50107000	07/25/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	02/15/2020	Restricted Stock Vesting	Issuer			271	07/29/2025	Compensation
Common Stock	02/16/2020	Restricted Stock Vesting	Issuer			263	07/29/2025	Compensation
Common Stock	02/21/2020	Restricted Stock Vesting	Issuer			263	07/29/2025	Compensation
Common Stock	03/03/2020	Restricted Stock Vesting	Issuer			156	07/29/2025	Compensation
Common Stock	02/11/2021	Restricted Stock Vesting	Issuer			409	07/29/2025	Compensation
Common Stock	02/15/2021	Restricted Stock Vesting	Issuer			21	07/29/2025	Compensation
Common Stock	02/15/2022	Restricted Stock Vesting	Issuer			271	07/29/2025	Compensation
Common Stock	02/16/2022	Restricted Stock Vesting	Issuer			263	07/29/2025	Compensation
Common Stock	02/18/2022	Restricted Stock Vesting	Issuer			285	07/29/2025	Compensation
Common Stock	02/21/2022	Restricted Stock Vesting	Issuer			263	07/29/2025	Compensation
Common Stock	02/27/2022	Restricted Stock Vesting	Issuer			263	07/29/2025	Compensation
Common Stock	03/10/2022	Restricted Stock Vesting	Issuer			876	07/29/2025	Compensation
Common Stock	02/15/2023	Restricted Stock Vesting	Issuer			271	07/29/2025	Compensation
Common Stock	02/17/2023	Restricted Stock Vesting	Issuer			314	07/29/2025	Compensation
Common Stock	02/18/2023	Restricted Stock Vesting	Issuer			285	07/29/2025	Compensation
Common Stock	02/21/2023	Restricted Stock Vesting	Issuer			263	07/29/2025	Compensation
Common Stock	02/27/2023	Restricted Stock Vesting	Issuer			263	07/29/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many INDB shares are being sold under this Form 144?

5,000 common shares are slated for sale.

What is the total market value of the proposed INDB share sale?

The aggregate market value disclosed is approximately $339,100.

When is the planned sale date for the INDB shares?

The filing lists an approximate sale date of 25 July 2025.

How significant is the sale relative to Independent Bank's share count?

With 50,107,000 shares outstanding, the 5,000-share sale equals roughly 0.01 % of the float.

Were any INDB shares sold by this insider in the last three months?

The filing states “Nothing to Report” for sales during the past three months.

How were the shares originally acquired?

All shares were obtained through restricted-stock vesting events from 2020-2023, classified as compensation.