Independent Bank Corp. (INDB) director sells 2,832 shares in open-market trade

Rhea-AI Filing Summary

Independent Bank Corp. director Joseph C. Lerner reported an open-market sale of 2,832 shares of common stock on May 18, 2026 at a weighted average price of $77.3138 per share. The shares were sold in multiple trades between $77.27 and $77.37 per share.

After this transaction, Lerner directly holds 16,215 shares of Independent Bank Corp. common stock and indirectly holds 4,950 shares through a Family Limited Partnership. The filing also notes that a prior Form 4 had overreported Lerner’s total ownership by 2,832 shares.

Insider Trade Summary

Net Seller: 2,832 shares ($218,953)

Net Sell 2 txns

Insider LERNER JOSEPH C

Role null

Sold 2,832 shs ($219K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,832	$77.3138	$219K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 16,215 shares (Direct, null); Common Stock — 4,950 shares (Indirect, Family Limited Partnership)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $77.27 through $77.37 per share, inclusive. The Filer undertakes to provide Independent Bank Corp., any security holder of Independent Bank Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4. The Form 4 filed on May 21, 2026 inadvertently overreported the total ownership of the Filer by 2,832 shares.

Key Figures

Shares sold: 2,832 shares Weighted average sale price: $77.3138 per share Sale price range: $77.27–$77.37 per share +3 more

6 metrics

Shares sold 2,832 shares Open-market sale on May 18, 2026

Weighted average sale price $77.3138 per share Common Stock sale on May 18, 2026

Sale price range $77.27–$77.37 per share Multiple trades within the reported transaction

Direct holdings after sale 16,215 shares Common Stock directly owned post-transaction

Indirect holdings after sale 4,950 shares Held through a Family Limited Partnership

Prior overreported amount 2,832 shares Shares by which a previous Form 4 overreported ownership

Key Terms

Form 4, weighted average price, Family Limited Partnership, open-market sale, +1 more

5 terms

Form 4 regulatory

"The Form 4 filed on May 21, 2026 inadvertently overreported the total ownership"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Family Limited Partnership financial

"nature_of_ownership": "Family Limited Partnership""

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"ownership_type": "indirect""

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Form 4 Insider Transactions: What Each Field Means →

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^*

LERNER JOSEPH C

(Last) (First) (Middle)

C/O INDEPENDENT BANK CORP.

288 UNION STREET

(Street)

ROCKLAND MASSACHUSETTS 02370

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
INDEPENDENT BANK CORP [ INDB ]

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/18/2026		S		2,832	D	$77.3138(1)	16,215(2)	D
Common Stock								4,950	I	Family Limited Partnership

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $77.27 through $77.37 per share, inclusive. The Filer undertakes to provide Independent Bank Corp., any security holder of Independent Bank Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.

2. The Form 4 filed on May 21, 2026 inadvertently overreported the total ownership of the Filer by 2,832 shares.

Remarks:

	/s/ Maureen A. Gaffney, Power of Attorney for Joseph C. Lerner	06/01/2026
	** 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)

FAQ

What insider transaction did INDB director Joseph C. Lerner report?

Joseph C. Lerner reported selling 2,832 shares of Independent Bank Corp. common stock. The sale occurred on May 18, 2026 at a weighted average price of $77.3138 per share in multiple trades within a narrow price range.

At what prices were Joseph C. Lerner’s INDB shares sold?

The reported sale used a weighted average price of $77.3138 per share. According to the filing, individual trades were executed at prices ranging from $77.27 to $77.37 per share, and detailed price breakdowns are available upon request.

How many INDB shares does Joseph C. Lerner hold after this Form 4?

After the reported sale, Joseph C. Lerner directly holds 16,215 shares of Independent Bank Corp. common stock. He also indirectly holds 4,950 shares through a Family Limited Partnership, as disclosed in the Form 4 ownership details.

Did the Form 4 mention any errors in prior INDB ownership reports?

Yes. The filing states that a previous Form 4 filed on May 21, 2026 had overreported Joseph C. Lerner’s total ownership by 2,832 shares. This new Form 4 clarifies the correct post-transaction share totals.

How is Joseph C. Lerner’s indirect ownership in INDB structured?

The Form 4 shows 4,950 shares of Independent Bank Corp. common stock held indirectly by Joseph C. Lerner. These shares are owned through a Family Limited Partnership, distinguishing them from his directly held share position.

What does weighted average price mean in Joseph C. Lerner’s INDB sale?

Weighted average price reflects the average price across multiple trades in the same transaction. For Lerner’s sale, the weighted average was $77.3138 per share, with individual sale prices ranging between $77.27 and $77.37 per share.