INDB director sells 3,781 shares at $66.88, holdings now 22,870

Independent Bank Corp (INDB) director Daniel F. O'Brien reported a sale of common stock.

Rhea-AI Filing Summary

Independent Bank Corp (INDB) director Daniel F. O'Brien reported a sale of common stock. On 08/14/2025 he disposed of 3,781 shares at a weighted average price of $66.8805 per share, in multiple transactions priced between $66.81 and $67.2486. After the reported sale he beneficially owns 22,870 shares, held directly. The Form 4 was signed on 08/18/2025 by Maureen Gaffney as power of attorney for Mr. O'Brien. The filer offers to provide, upon request, details of the number of shares sold at each separate price within the disclosed range.

Positive

• None.

Negative

• Director reduced direct ownership by 3,781 shares, which may be viewed as a net sale of insider stock.
• Form does not state that the sale was pursuant to a Rule 10b5-1 plan or the reason for disposal, limiting context for investors.

Insights

Securities Analyst

TL;DR: A director sold a modest block of shares, reducing direct holdings to 22,870 shares; transaction appears routine.

The reported disposition on 08/14/2025 shows 3,781 shares sold at a weighted average price of $66.8805, with prices ranging $66.81–$67.2486. The Form 4 indicates direct ownership only and provides a willingness to disclose per-price breakdowns. From a compliance and disclosure standpoint the filing is complete for this transaction and contains the required explanatory footnote. There is no information in the filing about the purpose of the sale or any related trading plan.

Corporate Governance Expert

TL;DR: Director sale is documented and signed by a POA; filing meets Section 16 reporting mechanics.

The form identifies Daniel F. O'Brien as a director and shows a direct sale of 3,781 shares, leaving 22,870 shares beneficially owned. The signature by a power of attorney on 08/18/2025 and the footnote describing the weighted average price and range fulfill standard Form 4 disclosure requirements. The filing does not state whether the transactions were pursuant to a Rule 10b5-1 plan or other pre-arranged instruction, so no further governance inference can be made from this document alone.

Insider Trade Summary

Net Seller: 3,781 shares

Net Sell 1 txn

Insider OBrien Daniel F

Role Director

Sold 3,781 shs ($253K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,781	$66.8805	$253K

Holdings After Transaction: Common Stock — 22,870 shares (Direct)

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $66.81 through $67.2486 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.

FAQ

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

What did INDB director Daniel F. O'Brien report on Form 4?

He reported a disposition of 3,781 shares of INDB common stock on 08/14/2025 at a weighted average price of $66.8805 per share.

How many INDB shares does Daniel F. O'Brien own after the sale?

Following the reported transaction he beneficially owns 22,870 shares, held directly.

What price range did the reported INDB share sales occur at?

The filer disclosed the shares were sold at prices ranging from $66.81 to $67.2486 per share; the reported price is a weighted average of $66.8805.

Who signed the Form 4 for Daniel F. O'Brien and when?

The form was signed by Maureen Gaffney, Power of Attorney, on 08/18/2025.

Does the Form 4 state if the sale was under a 10b5-1 trading plan?

No. The filing does not indicate that the transaction was made pursuant to a Rule 10b5-1 plan.

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

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Accepted by SEC EDGAR 08/18/2025 - 04:08 PM Learn about SEC filing dates

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^*

OBrien Daniel 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)
08/14/2025

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	08/14/2025		S		3,781	D	$66.8805(1)	22,870	D

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 $66.81 through $67.2486 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.

Remarks:

	/s/ Maureen Gaffney, Power of Attorney for Daniel F. O'Brien	08/18/2025
	** 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.