Independent Bank director plans $313K stock sale

INDEPENDENT BANK CORP (INDB) has a notice of proposed sale of common stock under Rule 144 by director Thomas R. Venables.

Rhea-AI Filing Summary

INDEPENDENT BANK CORP (INDB) has a notice of proposed sale of common stock under Rule 144 by director Thomas R. Venables. The filing covers up to 3,750 shares of common stock, with an indicated aggregate market value of $313,050, to be sold on or after 08/25/2026 on NASDAQ.

The 3,750 shares come from multiple compensation awards, including restricted stock and shares from a stock option exercise granted between 2020 and 2026. Independent Bank Corp. reports 47,369,099 shares outstanding, which is a baseline figure, not the amount being sold.

Key Figures

Shares to be sold under Rule 144: 3,750 shares Aggregate market value of shares to be sold: $313,050 Shares outstanding: 47,369,099 shares +3 more

6 metrics

Shares to be sold under Rule 144 3,750 shares Notice of proposed sale of Independent Bank Corp. common stock

Aggregate market value of shares to be sold $313,050 Value for the 3,750 shares covered by the Rule 144 notice

Shares outstanding 47,369,099 shares Independent Bank Corp. common stock outstanding as context

Restricted stock grant (05/27/2020) 395 shares Compensation-related restricted stock included in the 3,750 shares

Stock option exercise (08/12/2020) 25 shares Shares from stock option exercise included in the 3,750 shares

Restricted stock grant (05/19/2026) 842 shares Compensation-related restricted stock included in the 3,750 shares

Key Terms

Rule 144, Restricted Stock, Stock Option Exercise, Power of Attorney

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Stock financial

"Common Stock | 05/27/2020 | Restricted Stock | Issuer"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Stock Option Exercise financial

"Common Stock | 08/12/2020 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

Power of Attorney regulatory

"Maureen A. Gaffney, as Power of Attorney for Thomas R. Venables"

A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing for INDB disclose?

It discloses that director Thomas R. Venables has filed a notice under Rule 144 for a proposed sale of up to 3,750 shares of Independent Bank Corp. common stock, with an indicated aggregate market value of $313,050, to be sold on or after 08/25/2026.

How many INDB shares are proposed to be sold under this Form 144?

The notice covers a proposed sale of up to 3,750 shares of Independent Bank Corp. common stock. These shares are associated with various restricted stock and stock option compensation awards granted between 2020 and 2026.

What is the aggregate market value of the INDB shares in this Form 144?

The filing lists an aggregate market value of $313,050 for the 3,750 shares of Independent Bank Corp. common stock covered by the notice of proposed sale under Rule 144.

How many INDB shares are outstanding according to this filing?

Independent Bank Corp. reports 47,369,099 shares outstanding of common stock. This figure is provided as a baseline context and is not the number of shares being sold under this Form 144.

How were the INDB shares in this Form 144 acquired?

The 3,750 shares were acquired as compensation, including restricted stock and a stock option exercise. Grants occurred on several dates such as 05/27/2020, 08/12/2020, 05/24/2021, 05/25/2021, 05/23/2022, 05/24/2022, and 05/19/2026.

Who signed the INDB Form 144 notice and in what capacity?

The notice is signed by Maureen A. Gaffney, acting as Power of Attorney for Thomas R. Venables, the person for whose account the Independent Bank Corp. securities are to be sold.

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

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Available on EDGAR 08/25/2026 - 01:09 PM EDT Accepted by SEC EDGAR 08/25/2026 - 01:08 PM EDT Learn about SEC filing 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	0001319127
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Independent Bank Corp.
SEC File Number
Address of Issuer	288 Union Street Rockland MASSACHUSETTS 02370
Phone	857-524-1794
Name of Person for Whose Account the Securities are To Be Sold	Thomas Venables
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	Director

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	INDB IMG 288 Union Street Rockland MA 02370	3750	313050	47369099	08/25/2026	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	05/27/2020	Restricted Stock	Issuer			395	05/27/2020	Compensation
Common Stock	08/12/2020	Stock Option Exercise	Issuer			25	08/12/2020	Compensation
Common Stock	05/24/2021	Restricted Stock	Issuer			725	05/24/2021	Compensation
Common Stock	05/25/2021	Restricted Stock	Issuer			640	05/25/2021	Compensation
Common Stock	05/23/2022	Restricted Stock	Issuer			500	05/23/2022	Compensation
Common Stock	05/24/2022	Restricted Stock	Issuer			623	05/24/2022	Compensation
Common Stock	05/19/2026	Restricted Stock	Issuer			842	05/19/2026	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	08/25/2026
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	Maureen A. Gaffney, as Power of Attorney for Thomas R. Venables
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)