1st Source chair reports gift of 13,700 shares
1st Source Corp Executive Chairman Christopher J. Murphy III, a director and ten percent owner, reported an indirect bona fide gift of 13,700 shares of common stock on behalf of a spouse-held account.
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Form Type
4
Rhea-AI Filing Summary
1st Source Corp Executive Chairman Christopher J. Murphy III, a director and ten percent owner, reported an indirect bona fide gift of 13,700 shares of common stock on behalf of a spouse-held account. That indirect account held 2,513,812 shares after the gift. The filing also lists updated direct and indirect holdings across an LLC, limited partnerships, a corporation and a 401(k) as of April 27, 2026, with Murphy disclaiming beneficial ownership beyond his pecuniary interest in several of these entities.
Insider Trade Summary
13,700 shares gifted
Gift
7 txns
Insider
MURPHY CHRISTOPHER J III
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 13,700 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,513,812 shares (Indirect, By Spouse);
Common Stock — 495,885 shares (Direct);
Common Stock — 66,023 shares (Indirect, By 401(k));
Common Stock — 125,893 shares (Indirect, By Corporation);
Common Stock — 282,119 shares (Indirect, By ERCO III Partnership);
Common Stock — 214,770 shares (Indirect, By Ltd. Partnership);
Common Stock — 584,600 shares (Indirect, By LLC)
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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.
Key Figures
Gifted shares: 13,700 shares
Price per share on gift: $0.00 per share
Spouse-held shares after gift: 2,513,812 shares
+5 more
8 metrics
Gifted shares
13,700 shares
Bona fide gift of common stock, indirect by spouse on Apr. 27, 2026
Price per share on gift
$0.00 per share
Reported price for the 13,700-share bona fide gift
Spouse-held shares after gift
2,513,812 shares
Indirect ownership by spouse following the gift transaction
Direct holdings
495,885 shares
Common stock held directly by Christopher J. Murphy III
LLC indirect holdings
584,600 shares
Common stock held indirectly by LLC associated with Murphy
Limited partnership holdings
214,770 shares
Common stock held indirectly by limited partnership
ERCO III Partnership holdings
282,119 shares
Common stock held indirectly by ERCO III Partnership
401(k) indirect holdings
66,023 shares
Common stock held indirectly through a 401(k) plan
Key Terms
bona fide gift, beneficial ownership, pecuniary interest, Section 16, +1 more
5 terms
bona fide gift financial
"The transaction is coded as a bona fide gift of 13,700 shares."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficial ownership financial
"Mr. Murphy disclaims beneficial ownership of these securities."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of those shares ... exceeding his pecuniary interest"
Section 16 regulatory
"for purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
indirect ownership financial
"ownership_type is indirect for several entity-held positions."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Christopher J. Murphy III report for 1ST SOURCE CORP (SRCE)?
He reported an indirect bona fide gift of 13,700 shares of 1st Source Corp common stock. The gift came from shares held in an account attributed to his spouse, and is classified as a non-sale disposition rather than an open-market transaction or purchase.
What direct holdings does Christopher J. Murphy III report in 1ST SOURCE CORP (SRCE)?
He reports direct ownership of 495,885 shares of 1st Source Corp common stock. This direct position is separate from multiple indirect holdings through entities such as an LLC, limited partnerships, a corporation, a 401(k), and the spouse-held account noted in the filing.
What indirect 1ST SOURCE CORP (SRCE) holdings are reported through entities associated with Murphy?
Reported indirect holdings include 584,600 shares by an LLC, 214,770 shares by a limited partnership, 282,119 shares by ERCO III Partnership, 125,893 shares by a corporation, and 66,023 shares by a 401(k) plan, plus the larger spouse-held position disclosed in the Form 4.
Is the reported SRCE transaction a market sale or purchase by Murphy?
No. The only transaction reported is coded as a bona fide gift of 13,700 shares from a spouse-held account. It is a non-market disposition and not an open-market sale or purchase, so it does not represent trading activity in the company’s stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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