Independent Bank (INDB) Form 4: Director Disposes of 50K Shares

Rhea-AI Filing Summary

Kenneth S. Ansin, a director of Independent Bank Corp (INDB), reported sales of company common stock on September 9 and 10, 2025. The Form 4 shows a sale of 25,000 shares on 09/09/2025 at a weighted average price of $70.1663 and a sale of 25,000 shares on 09/10/2025 at a weighted average price of $69.7181. After the 09/09 sale the filing reports 65,894 shares beneficially owned indirectly; after the 09/10 sale the filing reports 40,894 shares beneficially owned indirectly. The filing lists additional direct and indirect holdings, including trusts for family members and grandchildren, and a direct holding of 5,095 shares. The report was signed by a power of attorney on behalf of Mr. Ansin.

Positive

• None.

Negative

• Director disposed of 50,000 shares across two consecutive days (25,000 on 09/09/2025 and 25,000 on 09/10/2025), reducing indirect beneficial ownership from 65,894 to 40,894 as reported
• Sales were executed at weighted average prices (range disclosed) which indicates multiple transactions and potential incremental selling pressure over the two reporting days

Insights

Securities Analyst

TL;DR: Director sold 50,000 INDB shares over two days; holdings remain largely indirect via family trusts.

The reported transactions are routine insider dispositions rather than derivative exercises or purchases. The filings show weighted average prices for the two sale days and disclose substantial indirect ownership through multiple family trusts, which suggests ongoing concentrated family ownership despite the recent sales. The Form 4 is informational and does not include commentary on motives or plans; impact on share supply is modest given the reported volumes but should be assessed relative to outstanding float.

Corporate Governance Expert

TL;DR: Reporting is compliant and precise; multiple trust holdings are disclosed clearly.

The Form 4 includes weighted average sale prices and an explicit offer to provide detailed per-price allocation upon request, which supports transparency. Disclosure of indirect holdings by trust and holdings for family members and grandchildren aligns with good governance practice for related-party ownership reporting. No amendments or unusual execution dates are indicated.

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

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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^*

ANSIN KEN S

(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)
09/09/2025

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	09/09/2025		S		25,000	D	$70.1663(1)	65,894	I	Trust
Common Stock	09/10/2025		S		25,000	D	$69.7181(2)	40,894	I	Trust
Common Stock								5,095	D
Common Stock								432,481	I	Trust for Ronald M. Ansin Family Members
Common Stock								106,738	I	Trust for Ronald M. Ansin Grandchildren
Common Stock								4,108	I	Trust for Son G. Ansin
Common Stock								6,029	I	Trust for Son K. Ansin
Common Stock								1,407	I	Held by Wife

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 $69.65 through $70.8212 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 price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $69.14 through $70.20 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 (2) to this Form 4.

Remarks:

	/s/ Maureen A. Gaffney, Power of Attorney for Kenneth S. Ansin	09/11/2025
	** 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 transactions did Kenneth S. Ansin report on Form 4 for INDB?

The Form 4 reports sales of 25,000 shares on 09/09/2025 at a weighted average price of $70.1663 and 25,000 shares on 09/10/2025 at a weighted average price of $69.7181.

How many INDB shares does Kenneth S. Ansin beneficially own after these transactions?

The filing reports 65,894 shares beneficially owned following the 09/09 sale and 40,894 shares following the 09/10 sale, both held indirectly.

Are there other holdings disclosed for Kenneth S. Ansin in the Form 4?

Yes. The Form 4 lists a direct holding of 5,095 shares and several indirect trust holdings including 432,481 shares (trust for Ronald M. Ansin family members) and other smaller trust holdings for relatives.

Did the filer provide price ranges or more detail about the sales?

Yes. Footnotes state the reported prices are weighted averages and disclose ranges: $69.65–$70.8212 for the 09/09 sales and $69.14–$70.20 for the 09/10 sales; the filer offers to provide per-price allocation on request.

Who signed the Form 4 filing?

The Form 4 was signed by Maureen A. Gaffney, acting as Power of Attorney for Kenneth S. Ansin, on 09/11/2025.