1st Source (NASDAQ: SRCE) chair reports stock grant and holdings

Rhea-AI Filing Summary

1st Source Corporation Executive Chairman Christopher J. Murphy III reported an award of 10,000 shares of common stock on September 23, 2025, at a stated price of $0 per share. The award was granted under the company’s 1982 Restricted Stock Award Plan pursuant to an employment agreement and is subject to vesting and continued employment conditions.

Following this grant, Murphy directly held 495,885 common shares and reported additional indirect holdings through a 401(k) plan, his spouse, a corporation, partnerships, and an LLC. He disclaims beneficial ownership of certain indirectly held shares beyond his pecuniary interest. The filing also notes 1,621 shares acquired in 2025 and 1,672 shares acquired in 2024 through the 401(k) plan that were previously omitted from an earlier Form 4 and are now reflected in the reported 401(k) holdings.

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

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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^*

MURPHY CHRISTOPHER J III

(Last) (First) (Middle)

PO BOX 1602

(Street)

SOUTH BEND IN 46634

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2025

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	09/23/2025		A(1)		10,000	A	$0	495,885	D
Common Stock								66,023(2)	I	By 401(k)
Common Stock								2,527,512(3)	I	By Spouse
Common Stock								125,893	I	By Corporation
Common Stock								282,119(4)	I	By ERCO III Partnership
Common Stock								214,770	I	By Ltd. Partnership
Common Stock								584,600(5)	I	By LLC

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. 1982 Restricted Stock Award Plan (the "Plan") awards pursuant to Employment Agreement dated September 23, 2025 between 1st Source Corporation and Mr. Murphy. Awards are subject to vesting and continued employment requirements as provided in the Plan and Employment Agreement.

2. Between January 1, 2025 and December 31, 2025, Mr. Murphy acquired 1,621 shares of 1st Source Corporation common stock under the 401(k) plan. The information in this report is based on a plan statement dated December 31, 2025. In addition, between January 1, 2024 and December 31, 2024, Mr. Murphy acquired 1,672 shares of 1st Source Corporation common stock under the 401(k) plan. This information is based on a plan statement dated December 31, 2024. These shares were inadvertently omitted from the reporting person's 401(k) plan holdings as reported in the Form 4 filed by the reporting person with the Securities and Exchange Commission on December 11, 2025.

3. Mr. Murphy disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Murphy is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

4. Mr. Murphy disclaims beneficial ownership of those shares held by the partnership exceeding his pecuniary interest, and this report shall not be deemed an admission that Mr. Murphy is the beneficial owner of such excess shares for purposes of Section 16 or for any other purpose.

5. Mr. Murphy's spouse is a voting member, and Mr. Murphy is a non-voting member, of the LLC. Mr. Murphy disclaims beneficial ownership of those shares held by the LLC exceeding his pecuniary interest, and this report shall not be deemed an admission that Mr. Murphy is the beneficial owner of such excess shares for purposes of Section 16 or for any other purpose.

Remarks:

	/s/ Brian S. Duba, Attorney-in-Fact	02/05/2026
	** 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.
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FAQ

What insider transaction did Christopher J. Murphy III report for 1st Source Corp (SRCE)?

Christopher J. Murphy III reported receiving 10,000 shares of 1st Source Corp common stock on September 23, 2025. The shares were awarded at a stated price of $0 under the 1982 Restricted Stock Award Plan, tied to an employment agreement with vesting and continued employment conditions.

How many 1st Source Corp shares does Christopher J. Murphy III hold directly after this Form 4?

After the reported restricted stock award, Christopher J. Murphy III directly held 495,885 shares of 1st Source Corp common stock. This direct holding figure reflects his position following the 10,000-share award granted on September 23, 2025 under the company’s restricted stock award plan.

What indirect 1st Source Corp (SRCE) holdings are reported for Christopher J. Murphy III?

The filing lists indirect holdings through a 401(k) plan, his spouse, a corporation, an ERCO III partnership, a limited partnership, and an LLC. Murphy disclaims beneficial ownership of certain indirectly held shares exceeding his pecuniary interest, including those associated with the partnership and LLC structures.

What is the source of the 10,000-share award reported by 1st Source Corp’s Executive Chairman?

The 10,000-share award comes from the 1982 Restricted Stock Award Plan under an employment agreement dated September 23, 2025 between 1st Source Corporation and Christopher J. Murphy III. These shares are subject to vesting requirements and continued employment conditions specified in the plan and the agreement.

How are 401(k) plan shares for Christopher J. Murphy III treated in this 1st Source Corp Form 4?

The Form 4 shows 66,023 shares held indirectly in a 401(k) plan. It explains that 1,621 shares acquired in 2025 and 1,672 shares acquired in 2024 under the 401(k) plan were previously omitted from an earlier Form 4 and are now included in the reported 401(k) holdings.

Does Christopher J. Murphy III claim full beneficial ownership of all indirectly held SRCE shares?

No. Murphy expressly disclaims beneficial ownership of certain indirectly held securities, including shares held by a partnership and those in an LLC beyond his pecuniary interest. The filing states these disclaimers mean the report should not be viewed as an admission of beneficial ownership for those excess shares.