Large SRCE stake reported by insider Carmen C. Murphy (SRCE)

Rhea-AI Filing Summary

Carmen C. Murphy, a more than 10% owner of 1st Source Corporation, filed a Form 4 updating her holdings of the company’s common stock. The filing reports 765,938 shares held directly, plus substantial indirect interests through her spouse, an LLC, and multiple trusts.

Indirect positions include 1,184,690 shares held by her spouse, 584,600 shares held by an LLC where she is a voting member, and numerous trust holdings such as 283,897, 646,582 and 228,382 shares in separate trusts. The footnotes state that she disclaims beneficial ownership of many of these shares beyond her pecuniary interest.

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 Carmen C

(Last) (First) (Middle)

1237 EAST JEFFERSON BOULEVARD

(Street)

SOUTH BEND IN 46617

(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)

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

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								765,938	D
Common Stock								1,184,690	I	By Spouse(1)
Common Stock								584,600	I	By LLC(2)
Common Stock								283,897	I	By Trust(3)(4)
Common Stock								646,582	I	By Trust(3)(5)
Common Stock								17,246	I	By Trust(3)(6)
Common Stock								43,132	I	By Trust(3)(7)
Common Stock								41,640	I	By Trust(3)(8)
Common Stock								115,684	I	By Trust(3)(9)
Common Stock								147,255	I	By Trust(3)(10)
Common Stock								229,930	I	By Trust(3)(11)
Common Stock								1,598	I	By Trust(3)(12)
Common Stock								6,228	I	By Trust(3)(13)
Common Stock								228,382	I	By Trust(3)(14)

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. Includes 495,885 shares of common stock held directly by Mr. Murphy, 66,023 shares of common stock held indirectly by Mr. Murphy under the 1st Source Corporation 401(k) Plan, 125,893 shares of common stock held indirectly by Mr. Murphy through a corporation and 496,889 shares of common stock held indirectly by Mr. Murphy through three limited partnerships. Mrs. Murphy disclaims beneficial ownership of these shares of common stock, and this report shall not be deemed an admission that Mrs. Murphy is the beneficial owner of these shares of common stock for purposes of Section 16 or for any other purpose.

2. Mrs. Murphy is a voting member of the LLC. Mrs. Murphy disclaims beneficial ownership of those shares of common stock held by the LLC exceeding her pecuniary interest, and this report shall not be deemed an admission that Mrs. Murphy is the beneficial owner of such excess shares of common stock for purposes of Section 16 or for any other purpose.

3. Mrs. Murphy has the power to direct the trustee with respect to the disposition of the reported shares of common stock. Mrs. Murphy disclaims beneficial ownership of these shares of common stock except to the extent of her pecuniary interest therein, and the inclusion of these shares of common stock in this Form 3 shall not be deemed an admission of beneficial ownership of all of the reported shares of common stock for purposes of Section 16 or for any other purpose.

4. Indirect through the 1957 E. L. Morris FBO Carmen C. Murphy Trust.

5. Indirect through the 1959 E. L. Morris FBO Carmen C. Murphy Trust.

6. Indirect through the E.M. Raclin FBO Carmen C. Murphy Trust.

7. Indirect through a 1965 E. L. Morris FBO E. M. Raclin and Carmen C. Murphy Trust.

8. Indirect through a second 1965 E. L. Morris FBO E. M. Raclin and Carmen C. Murphy Trust.

9. Indirect through the Camen C. Murphy Charitable Annuity Trust.

10. Indirect through the Ernestine M. Raclin Charitable Irrevocable Trust FBO Carmen C. Murphy.

11. Indirect through the 1960 Ernestine M. Raclin Irrevocable Trust FBO Carmen C. Murphy.

12. Indirect through the Ella Morris Charitable Trust FBO Carmen C. Murphy.

13. Indirect through the Ella Morris Irrevocable Charitable Living Trust FBO Carmen C. Murphy.

14. Indirect through the 1965 Ernestine M. Raclin Irrevocable Trust FBO Carmen C. Murphy.

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 does the latest Form 4 for 1st Source Corporation (SRCE) show about Carmen C. Murphy?

The Form 4 shows that Carmen C. Murphy is a more than 10% owner of 1st Source Corporation common stock. It lists her direct and indirect holdings across personal accounts, her spouse, an LLC, and multiple trusts, with detailed footnotes explaining each ownership arrangement.

How many 1st Source Corporation (SRCE) shares does Carmen C. Murphy hold directly and indirectly?

The filing reports 765,938 SRCE common shares held directly by Carmen C. Murphy. It also discloses large indirect positions, including 1,184,690 shares through her spouse, 584,600 shares via an LLC, and additional sizable blocks held through various trusts described in the footnotes.

How is Carmen C. Murphy’s spouse involved in 1st Source Corporation (SRCE) share ownership?

The Form 4 lists 1,184,690 SRCE common shares held indirectly by Carmen C. Murphy “By Spouse.” A detailed footnote explains that these spouse-held shares include direct, retirement plan, corporate, and limited partnership holdings attributed to Mr. Murphy, with Mrs. Murphy disclaiming beneficial ownership.

What role does the LLC play in Carmen C. Murphy’s 1st Source Corporation (SRCE) holdings?

The filing shows 584,600 SRCE common shares held indirectly “By LLC.” A footnote states Carmen C. Murphy is a voting member of the LLC and disclaims beneficial ownership of LLC-held shares exceeding her pecuniary interest, limiting how much of that position she treats as economically hers.

Why does Carmen C. Murphy disclaim beneficial ownership of some SRCE shares?

Footnotes explain that for many indirect holdings, including her spouse’s accounts, the LLC, and several trusts, Carmen C. Murphy disclaims beneficial ownership beyond her pecuniary interest. This means she does not claim full economic or ownership rights to those shares for Section 16 reporting purposes.

Are there any option, warrant, or other derivative positions reported for SRCE in this Form 4?

The Form 4 includes a section for derivative securities but does not list any options, warrants, or other derivatives. Table II appears empty, indicating only common stock positions are reported, all as non-derivative holdings rather than rights to acquire additional shares.