Independent Bank (INDB) Files Form 144 for 3,781-Share Insider Sale

Rhea-AI Filing Summary

Independent Bank Corp (INDB) submitted a Form 144 notice reporting a proposed sale of 3,781 shares of common stock through broker Mass Mutual on NASDAQ, with an aggregate market value of $256,578.66 and approximately 49,915,917 shares outstanding. The filing lists an approximate sale date of 08/14/2025.

The filing provides acquisition details showing the shares were obtained via restricted stock vesting (500 shares on 05/23/2023; 623 shares on 05/24/2022; 1,658 shares on 05/27/2020) and a stock option exercise (1,000 shares on 06/05/2019). The form states "Nothing to Report" for securities sold in the past three months. Several filer/contact fields and the identity of the person for whose account the sale is to be made are not provided in the visible content.

Insights

Securities Analyst

TL;DR: Routine Rule 144 notice for a modest insider sale—3,781 shares valued at $256.6k—provides acquisition history but limited contextual detail.

The filing is a standard notification under Rule 144 describing a proposed sale rather than an operational disclosure. It lists the broker (Mass Mutual), the exchange (NASDAQ), the approximate sale date (08/14/2025), and the shares outstanding figure (49,915,917), which allow basic sizing of the notice. The acquisition table documents that the shares originated from restricted stock vesting and an option exercise across 2019–2023, which is relevant to understand insider economics. The form does not report any sales in the prior three months.

From a trading-impact perspective the filing itself is informational; it does not include price guidance, the seller's identity in the visible fields, or other context that would materially change an investment thesis.

Corporate Governance Expert

TL;DR: The Form 144 meets disclosure purpose but omits some identifying/contact details, limiting transparency for stakeholders.

The filing documents the provenance of the 3,781 shares (restricted stock vesting and option exercise) and includes a required representation about material nonpublic information. It also shows the broker name and aggregate market value, which are standard governance disclosures for an insider sale notice.

However, several form fields visible in the content—such as the name of the person for whose account the securities will be sold and submission contact details—are not populated in the provided text. That absence reduces immediate transparency for investors and governance reviewers assessing context around the planned sale.

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	Mass Mutual PO Box 8099 Springfield MA 01102	3781	256578.66	49915917	08/14/2025	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	05/23/2023	Restricted Stock Vesting	Issuer			500	08/18/2025	Compensation
Common Stock	05/24/2022	Restricted Stock Vesting	Issuer			623	08/18/2025	Compensation
Common Stock	05/27/2020	Restricted Stock Vesting	Issuer			1658	08/18/2025	Compensation
Common Stock	06/05/2019	Stock option exercise	Issuer			1000	08/18/2025	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

What shares does INDB plan to sell according to the Form 144?

The filing reports a proposed sale of 3,781 shares of INDB common stock.

What is the aggregate market value and approximate sale date listed on the Form 144 for INDB?

Aggregate market value is $256,578.66 and the approximate date of sale is 08/14/2025.

Through which broker and exchange will the INDB shares be sold?

The broker listed is Mass Mutual, PO Box 8099, Springfield MA 01102 and the exchange is NASDAQ.

How were the shares being sold by INDB acquired?

Acquisition details show restricted stock vesting (500 shares on 05/23/2023; 623 on 05/24/2022; 1,658 on 05/27/2020) and a stock option exercise (1,000 shares on 06/05/2019).

Did the filer report any securities sold in the past three months?

The Form 144 states "Nothing to Report" for securities sold during the past three months.

Is the identity of the person for whose account the securities are to be sold provided?

The visible content does not provide the name of the person for whose account the securities will be sold; that field is not populated in the provided text.