ISBA Insider Purchase: Jill Bourland Reports 11-Share Acquisition

Rhea-AI Filing Summary

Insider Form 4 filing for ISBA. Director Jill Bourland reported a purchase of common stock on 09/02/2025. The filing shows a transaction code V and records 11 shares acquired at $33.13 per share. After the reported transaction the filing lists 5,520.0148 shares beneficially owned in a Direct (D) ownership form. No derivative securities were reported. The Form 4 is signed by Jerome E. Schwind by power of attorney on 09/04/2025.

Positive

• Timely disclosure of insider transaction by Director Jill Bourland
• Direct beneficial ownership reported clearly after the transaction (5,520.0148 shares)

Negative

• None.

Insights

Financial Analyst

TL;DR: A small director purchase was reported; transaction size appears immaterial to company capitalization.

The filing documents a purchase of 11 common shares at $33.13 each by Director Jill Bourland, increasing her reported direct beneficial ownership to 5,520.0148 shares. The entry uses transaction code V and no options, warrants, or other derivative instruments are shown. Given the small share count relative to typical bank market caps, this transaction is likely immaterial to ISBA's capital structure or share supply. The filing is routine and complies with Section 16 reporting.

Corporate Governance Expert

TL;DR: Routine insider acquisition by a director, properly reported under Section 16; no governance red flags in the filing.

The Form 4 identifies Jill Bourland as a director and reports a purchase with transaction code V on 09/02/2025. Beneficial ownership is reported as direct and the form is executed by power of attorney. There are no disclosures of related-party arrangements or derivative positions. Documentation indicates standard compliance with insider reporting requirements.

Insider Trade Summary

Net Buyer: 11 shares

Net Buy 1 txn

Insider Bourland Jill

Role Director

Type	Security	Shares	Price	Value
Grant/Award	common	11	$33.13	$364.43

Holdings After Transaction: common — 5,520.0148 shares (Direct)

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 09/04/2025 - 04:31 PM Learn about SEC filing dates

FAQ

What did ISBA director Jill Bourland report on Form 4?

She reported acquiring 11 shares of common stock at $33.13 per share on 09/02/2025, with 5,520.0148 shares beneficially owned following the transaction.

What does transaction code V mean on Form 4 for ISBA?

The filing shows transaction code V; the form includes the code but does not provide an explanation beyond the code itself.

Were any derivative securities reported in this ISBA Form 4?

No derivative securities were reported; Table II is blank in the filing.

Who signed the ISBA Form 4 and when?

The form was signed by Jerome E. Schwind by power of attorney on 09/04/2025.

Is the reported ownership direct or indirect for Jill Bourland?

The filing indicates the ownership form as Direct (D).

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^*

Bourland Jill

(Last) (First) (Middle)

619 S. MISSION ST.

(Street)

MOUNT PLEASANT MI 48858

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ISABELLA BANK CORP [ ISBA ]

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)
09/02/2025

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	09/02/2025		A		11	A	$33.13	5,520.0148	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:

Remarks:

	/s/ Jerome E. Schwind, By Power of Attorney	09/04/2025
	** 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.