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[Form 4] INDEPENDENT BANK CORP Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Independent Bank Corp. (INDB) director Gerard F. Nadeau reported an open-market sale of common stock. On 11/21/2025, he sold 3,000 shares of INDB common stock at a price of $70 per share. After this transaction, he directly beneficially owned 22,395 shares of common stock.

In addition, 267.3595 shares are held in his name for the benefit of his daughter and 269.7162 shares are held in his name for the benefit of his son. These family holdings each include a small number of additional shares (2.2872 and 2.3074, respectively) received through Independent Bank Corp.’s 2014 Dividend Reinvestment and Stock Purchase Plan since 8/14/2025, which the report notes are exempt from Section 16 reporting. The filer states that this should not be taken as an admission of beneficial ownership for Section 16 purposes.

Positive

  • None.

Negative

  • None.
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*
Nadeau Gerard F

(Last) (First) (Middle)
C/O INDEPENDENT BANK CORP.
288 UNION STREET

(Street)
ROCKLAND MA 02370

(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 11/21/2025 S 3,000 D $70 22,395 D
Common Stock 267.3595 I by Daughter(1)
Common Stock 269.7162 I by Son(2)
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. Shares held in Filer's name f/b/o daughter. Holdings include 2.2872 shares received pursuant to the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4 filing (8/14/2025). Such transactions are exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934, as amended. The filing of this statement should not be construed as an admission that the Filer is, for purposes of Section 16 of the Exchange Act, the beneficial owner of such securities.
2. Shares held in Filer's name f/b/o son. Holdings include 2.3074 shares received pursuant to the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4 filing (8/14/2025). Such transactions are exempt from the reporting requirements of Section 16 of the Securities Exchange Act of 1934, as amended. The filing of this statement should not be construed as an admission that the Filer is, for purposes of Section 16 of the Exchange Act, the beneficial owner of such securities.
Remarks:
/s/ Maureen A. Gaffney, Power of Attorney for Gerard F. Nadeau 11/24/2025
** 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.

FAQ

What insider transaction was reported for Independent Bank Corp (INDB)?

A director of Independent Bank Corp. (INDB), Gerard F. Nadeau, reported selling 3,000 shares of INDB common stock in an open-market transaction.

On what date did the INDB director sell shares and at what price?

The sale occurred on 11/21/2025, and the 3,000 shares of common stock were sold at a price of $70 per share.

How many Independent Bank Corp (INDB) shares does the director hold after the sale?

Following the reported transaction, the director directly beneficially owned 22,395 shares of INDB common stock.

What indirect holdings for the director’s family are reported in the INDB filing?

The filing shows 267.3595 shares held in the filer’s name for the benefit of his daughter and 269.7162 shares held for the benefit of his son.

How does the Independent Bank Corp 2014 Dividend Reinvestment and Stock Purchase Plan affect these holdings?

The daughter’s account includes 2.2872 shares and the son’s account includes 2.3074 shares received through the 2014 Dividend Reinvestment and Stock Purchase Plan since 8/14/2025, and these plan transactions are described as exempt from Section 16 reporting.

Does the director admit beneficial ownership of the family accounts under Section 16?

The report states that its filing should not be construed as an admission that the filer is, for purposes of Section 16 of the Exchange Act, the beneficial owner of the shares held for his children.

Independent Bk Corp Mass

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3.46B
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