SRCE insider reports 2,000-share gift, updates holdings
1ST SOURCE CORP insider Carmen C. Murphy reported updated share holdings and a gift transfer.
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Form Type
4
Rhea-AI Filing Summary
1ST SOURCE CORP insider Carmen C. Murphy reported updated share holdings and a gift transfer. On 2026-06-12, an account held indirectly through her spouse made a bona fide gift of 2,000 shares of common stock, leaving 1,182,690 shares held indirectly by the spouse afterward. The Form 4 also details numerous other indirect positions held through various trusts, an LLC, retirement plans, corporations, and limited partnerships, with Murphy frequently disclaiming beneficial ownership beyond her pecuniary interest.
Insider Trade Summary
2,000 shares gifted
Gift
14 txns
Insider
Murphy Carmen C
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 2,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,182,690 shares (Indirect, By Spouse);
Common Stock — 752,238 shares (Direct);
Common Stock — 584,600 shares (Indirect, By LLC);
Common Stock — 1,761,574 shares (Indirect, By Trust)
Footnotes (14)
- F1. Includes 493,885 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.
- F2. 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.
- F3. 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 report 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.
- F4. Indirect through the 1957 E. L. Morris FBO Carmen C. Murphy Trust.
- F5. Indirect through the 1959 E. L. Morris FBO Carmen C. Murphy Trust.
- F6. Indirect through the E. M. Raclin FBO Carmen C. Murphy Trust.
- F7. Indirect through a 1965 E. L. Morris FBO E. M. Raclin and Carmen C. Murphy Trust.
- F8. Indirect through a second 1965 E. L. Morris FBO E. M. Raclin and Carmen C. Murphy Trust.
- F9. Indirect through the Carmen C. Murphy Charitable Annuity Trust.
- F10. Indirect through the Ernestine M. Raclin Charitable Irrevocable Trust FBO Carmen C. Murphy.
- F11. Indirect through the 1960 Ernestine M. Raclin Irrevocable Trust FBO Carmen C. Murphy.
- F12. Indirect through the Ella Morris Charitable Trust FBO Carmen C. Murphy.
- F13. Indirect through the Ella Morris Irrevocable Charitable Living Trust FBO Carmen C. Murphy.
- F14. Indirect through the 1965 Ernestine M. Raclin Irrevocable Trust FBO Carmen C. Murphy.
Key Figures
Gifted shares: 2,000 shares
Spouse indirect holdings after gift: 1,182,690 shares
Trust holding example: 646,582 shares
+3 more
6 metrics
Gifted shares
2,000 shares
Bona fide gift of common stock on 2026-06-12
Spouse indirect holdings after gift
1,182,690 shares
Indirect ownership by spouse following 2,000-share gift
Trust holding example
646,582 shares
Common stock held indirectly by trust as of 2026-06-12
LLC holding
584,600 shares
Common stock held indirectly through an LLC
Direct holding example
752,238 shares
Common stock held directly as of 2026-06-12
Holding entry count
13 entries
Number of non-gift holding lines reported
Key Terms
bona fide gift, indirect ownership, pecuniary interest, limited partnerships, +1 more
5 terms
bona fide gift financial
"transaction_code_description: Bona fide gift"
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.
indirect ownership financial
"shares of common stock held indirectly by Mr. Murphy"
pecuniary interest financial
"disclaims beneficial ownership except to the extent of her pecuniary interest"
limited partnerships financial
"shares of common stock held indirectly by Mr. Murphy through three limited partnerships"
A limited partnership is a business structure with two types of partners: one or more general partners who run the business and carry full legal responsibility for its debts, and one or more limited partners who contribute money but do not take part in daily management and whose legal responsibility is capped at the amount they invested. For investors, this setup matters because it separates control from financial risk—like founders steering a boat while passive backers fund the trip—and determines who makes decisions, how profits and losses flow to owners for taxes, and how easily an investor can sell their stake.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Carmen C. Murphy report for 1ST SOURCE CORP (SRCE)?
Carmen C. Murphy reported a bona fide gift of 2,000 shares of 1ST SOURCE CORP common stock from an indirectly held spouse account. This non‑market transaction reflects a transfer without consideration rather than an open‑market sale or purchase.
Does the Form 4 for SRCE show insider buying or selling in the market?
The Form 4 shows no open‑market buying or selling. It reports one bona fide gift of 2,000 shares and multiple updated direct and indirect holdings, mainly through trusts, an LLC, retirement plans, corporations, and limited partnerships.
What types of indirect holdings does Carmen C. Murphy report in SRCE stock?
Carmen C. Murphy reports indirect holdings through several structures, including multiple family trusts, charitable trusts, an LLC, limited partnerships, a corporation, and a 401(k) plan. Footnotes clarify she often disclaims beneficial ownership beyond her pecuniary interest in these entities.
Why are the SRCE Form 4 footnotes important for Carmen C. Murphy’s holdings?
The footnotes explain that many SRCE shares are held by trusts, an LLC, and other entities, and that Murphy frequently disclaims beneficial ownership beyond her pecuniary interest. They clarify voting power, control, and how much economic interest she may actually have.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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