Independent Bank (INDB) director sells shares at about $83
Rhea-AI Filing Summary
INDEPENDENT BANK CORP (INDB) director Thomas R. Venables reported selling 3,750 shares of common stock on 2026-08-25 in an open-market or private sale. The weighted average sale price was $82.9953 per share, with individual trades between $82.770 and $83.215 per share. Following these transactions, he directly holds 17,649 shares of INDB common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,750 shares
Net Sell
1 txn
Insider
Venables Thomas R
Role
Director
Sold
3,750 shs ($311K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 3,750 | $82.9953 | $311K |
Holdings After Transaction:
Common Stock — 17,649 shares (Direct)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $82.770 through $83.215 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.
Key Figures
Shares sold: 3,750 shares of Common Stock
Weighted average sale price: $82.9953 per share
Sale price range: $82.770 to $83.215 per share
+1 more
4 metrics
Shares sold
3,750 shares of Common Stock
Non-derivative sale on 2026-08-25 by director Thomas R. Venables
Weighted average sale price
$82.9953 per share
Average price for 3,750 shares sold on 2026-08-25
Sale price range
$82.770 to $83.215 per share
Range of prices for multiple transactions included in the reported sale
Shares owned after transaction
17,649 shares
Direct ownership of INDB common stock following the 2026-08-25 sale
Key Terms
weighted average price, open market or private transaction, non-derivative
3 terms
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.
open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
non-derivative financial
"transaction_type: non-derivative"
FAQ
What insider transaction did INDB director Thomas R. Venables report?
Thomas R. Venables reported a sale of 3,750 INDB common shares on 2026-08-25 in an open-market or private transaction, at a weighted average price of $82.9953 per share, with individual sale prices ranging from $82.770 to $83.215 per share.
Was the INDB insider sale by Thomas R. Venables under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan (the indicator is false), and the footnote describes only pricing details. No Rule 10b5-1 trading plan is identified in this Form 4 for the reported transaction.
What type of transaction did the INDB Form 4 report for Thomas R. Venables?
The Form 4 reports a Code S transaction, described as a sale in open market or private transaction, involving 3,750 shares of INDB common stock on 2026-08-25, with resulting direct ownership of 17,649 shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.