[Form 3] 1st Source Corp Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

1st Source Corp (SRCE) Form 3: Executive Vice President Kevin Carmichael Murphy filed an initial statement of beneficial ownership for event date 07/24/2025. He reports 107,191 SRCE common shares held directly and an additional 36,103 shares held indirectly—9,213 through a 401(k), 10,649 by spouse, and 16,241 by child—bringing total ownership to 143,294 shares. No derivative securities are listed. The filing is routine, reflects existing holdings, and does not signal any purchase or sale activity.

Insights

Securities Analyst

TL;DR: Routine Form 3; neutral market impact.

This initial disclosure simply records the shareholdings of a newly reportable insider. While the aggregate 143 k-share stake (~​4.0% of average daily volume) shows management alignment with shareholders, there is no transaction and therefore no immediate trading signal. Investors may note the sizable direct position, but the filing does not alter fundamentals, guidance, or valuation.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Murphy Kevin Carmichael

(Last) (First) (Middle)

PO BOX 1602

(Street)

SOUTH BEND IN 46634

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/24/2025

3. Issuer Name and Ticker or Trading Symbol
1ST SOURCE CORP [ SRCE ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	107,191	D
Common Stock	9,213	I	By 401(k)
Common Stock	10,649	I	By Spouse
Common Stock	16,241	I	By Child

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Brian S. Duba, Attorney-in-Fact	08/06/2025
	** 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 5 (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

How many SRCE shares does EVP Kevin Carmichael Murphy own?

The Form 3 shows 107,191 shares held directly and 36,103 indirectly, totaling 143,294 common shares.

Does the filing indicate any recent insider purchase or sale of SRCE stock?

No. A Form 3 is an initial ownership report; it records existing holdings and shows no new transactions.

Are any derivative securities (options, warrants) disclosed in this Form 3?

No derivative securities are listed; only common shares are reported.

What is the event date associated with this Form 3 for SRCE?

The event requiring the statement is dated 07/24/2025.

Why is Kevin Carmichael Murphy required to file this Form 3?

As an Executive Vice President, he became a Section 16 reporting insider and must disclose his initial ownership.