1st Source Director Mark Schwabero Adds 181 Shares in Insider Buy

Rhea-AI Filing Summary

Form 4 snapshot: Director Mark D. Schwabero bought 181 shares of 1st Source Corp (SRCE) on 08/04/2025 at $60.68 for roughly $10.9k. His direct holding rises to 28,479 shares. No derivative positions were reported. The filing, submitted 08/06/2025, represents a routine, low-dollar insider purchase that modestly increases board-level ownership and can be read as a small vote of confidence in the regional bank’s outlook.

Positive

• Director insider buy: 181 shares purchased at $60.68, boosting direct ownership to 28,479 and signaling incremental board confidence.

Negative

• None.

Insights

Financial Analyst

TL;DR: Minor insider buy; signals incremental confidence but is too small to materially affect SRCE valuation or liquidity.

Schwabero’s 181-share purchase lifts his stake by less than 1%, so the monetary value is immaterial relative to SRCE’s ≈$750 m market cap. Nevertheless, insider buying—especially by directors—tends to be viewed positively because it aligns leadership incentives with shareholders. Absence of derivative trades suggests a straightforward cash purchase rather than option exercise. Overall impact is neutral: supportive sentiment but negligible financial effect.

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
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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^*

SCHWABERO MARK D

(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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025

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	08/04/2025		A		181	A	$60.68	28,479	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/ John B. Griffith, 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 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

How many SRCE shares did Director Mark D. Schwabero purchase?

He bought 181 shares of common stock.

What price did the insider pay for the SRCE shares?

The shares were acquired at $60.68 per share.

What is Schwabero's total SRCE holding after the transaction?

His direct ownership now totals 28,479 shares.

Were any derivative securities involved in this Form 4 filing?

No, the filing reports no derivative transactions.

When was the transaction executed and when was the Form 4 filed?

The purchase occurred on 08/04/2025 and the form was filed on 08/06/2025.