Independent Bank (INDB) files Form 144 to sell 50,000 NASDAQ-listed shares

Rhea-AI Filing Summary

Form 144 notice for Independent Bank Corp (INDB): The filer notifies a proposed sale of 50,000 common shares through Merrill Lynch Pierce Fenner & Smith (Boston address listed) with an aggregate market value of $3,500,000.00. The filing lists the issuer's outstanding shares as 49,915,917 and names NASDAQ as the exchange with an approximate sale date of 09/09/2025. The form supplies a detailed acquisition history showing multiple small grants, purchases, dividend reinvestments, stock splits and board fee issuances spanning 1992–2016. It reports "Nothing to Report" for securities sold during the past three months and includes the standard signature representation about absence of undisclosed material adverse information.

Positive

• Full procedural disclosure provided: broker name and address, share count, aggregate value, outstanding shares, exchange and approximate sale date are all listed.
• Detailed acquisition history included: dates and nature of acquisitions (dividend reinvest, RSUs, purchases, stock splits, board fee issuances) spanning 1992–2016.
• No recent sales reported: the filer indicates "Nothing to Report" for securities sold during the past three months.

Negative

• None.

Insights

Securities Compliance Analyst

TL;DR: Routine Form 144 filing disclosing a proposed brokered sale of 50,000 common shares, with standard representations and a multi-year acquisition history.

The filing is procedural and provides required details: broker name and address, number of shares to be sold, aggregate market value, outstanding share count, and an approximate sale date. The acquisition table documents that the shares were accumulated through varied means over many years, including dividend reinvestment, stock option exercises, restricted stock units, purchases and board fee issuances. The disclosure that there were no sales in the prior three months is included. From a compliance perspective, the form appears to include the key elements required under Rule 144.

Equity Markets Analyst

TL;DR: Notice signals a planned insider/affiliate sale via an institutional broker; data presented are routine and non-interpretive.

The document specifies the broker, sale quantity and stated market value but does not include any explanatory commentary about motive or subject identity beyond the acquisition history lines. The acquisition schedule shows holdings accumulated over multiple years through routine corporate and market activities. There is no reported recent sale activity for the filer in the past three months. For market impact assessment, the filing provides raw facts but no statements about intent or trading plan dates.

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	Merrill Lynch Pierce Fenner & Smith 100 Federal St 12th Fl Boston MA 02110	50000	3500000.00	49915917	09/09/2025	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	06/01/2011	Dividend Reinvest	Issuer			299	06/01/2011	Cash
Common	09/01/2011	Dividend Reinvest	Issuer			430	09/01/2011	Cash
Common	03/16/2012	Restricted Stock Unit	Issuer			319	03/16/2012	Cash
Common	03/18/2013	Restricted Stock Unit	Issuer			279	03/18/2023	Cash
Common	03/17/2014	Restricted Stock Unit	Issuer			245	03/17/2014	Cash
Common	06/23/2016	Subscription	Issuer			629	06/23/2016	Cash
Common	06/23/2016	Stock Option Exercise	Issuer			696	06/23/2016	Cash
Common	07/01/1999	Dividend Reinvest	Issuer			193	07/01/1999	Cash
Common	07/01/2000	Dividend Reinvest	Issuer			324	07/01/2000	Cash
Common	06/28/2001	Dividend Reinvest	Issuer			241	06/28/2001	Cash
Common	06/27/2003	Dividend Reinvest	Issuer			253	06/28/2002	Cash
Common	06/27/2003	Dividend Reinvest	Issuer			219	06/27/2003	Cash
Common	06/25/2004	Dividend Reinvest	Issuer			233	06/25/2004	Cash
Common	06/24/2005	Dividend Reinvest	Issuer			296	06/24/2005	Cash
Common	03/01/2006	Dividend Reinvest	Issuer			81	03/01/2006	Cash
Common	06/01/2006	Dividend Reinvest	Issuer			79	06/01/2006	Cash
Common	06/30/2006	Stock Split	Issuer			18080	06/30/2006	Cash
Common	11/10/1992	Purchase	Issuer			5400	11/10/1992	Cash
Common	09/29/1993	Purchase	Issuer			1200	09/29/1993	Cash
Common	02/05/1999	Stock Split	Issuer			6600	02/05/1999	Cash
2280	12/11/2003	Purchase	Issuer			2280	12/11/2003	Cash
Common	12/31/2003	Stock in lieu of cash for Board fees	Issuer			289	12/31/2003	Cash
Common	01/28/2008	Stock in lieu of cash for Board fees	Issuer			830	01/28/2008	Cash
Common	01/21/2009	Stock in lieu of cash for Board fees	Issuer			804	01/21/2009	Cash
Common	01/28/2010	Stock in lieu of cash for Board fees	Issuer			1222	01/28/2010	Cash
Common	01/26/2011	Stock in lieu of cash for Board fees	Issuer			1274	01/26/2011	Cash
Common	12/21/2005	Stock in lieu of cash for Board fees	Issuer			323	12/21/2005	Cash
Common	11/25/2009	Rights Offering	Issuer			5530	11/25/2009	Cash
Common	06/05/2006	Stock Split	Issuer			600	06/05/2006	Cash
Common	06/02/2006	Stock Split	Issuer			92	06/02/2006	Cash
Common	01/22/2007	Stock in lieu of cash for Board fees	Issuer			660	01/22/2007	Cash

* 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

What does the Form 144 filed for INDB disclose?

The form discloses a proposed sale of 50,000 common shares via Merrill Lynch Pierce Fenner & Smith with aggregate market value of $3,500,000.00, approximate sale date 09/09/2025, and listing on NASDAQ.

Who is the broker handling the proposed sale for INDB?

The named broker is Merrill Lynch Pierce Fenner & Smith, 100 Federal St, 12th Fl, Boston, MA 02110.

Does the Form 144 show any securities sold by the filer in the past three months?

No. The filing explicitly states "Nothing to Report" for securities sold during the past three months.

What acquisition methods are shown for the shares to be sold?

The acquisition table lists dividend reinvestment, restricted stock units, stock option exercises, purchases, stock splits, rights offering and stock in lieu of cash for board fees across multiple dates.

What representation does the filer make in the Remarks section?

The filer represents that they do not know any material adverse information about the issuer that has not been publicly disclosed and references trading-plan representations where applicable.