BIRMINGHAM MELODY 4

What Happened Melody Birmingham, a director of 1st Source Corp (SRCE), reported a series of previously unreported open-market purchases and dividend-reinvestment transactions executed between Aug 15, 2018 and Nov 14, 2025. The filing documents roughly 31 purchases that together add up to about 915.2 shares acquired (many are fractional shares credited by the broker). For the transactions where price data is provided, the cash value totals approximately $46,241. These were purchases (including dividend reinvestment), which are routine accumulation activity rather than sales.

Key Details

• Transaction types: Open-market purchases / dividend reinvestment (transaction code P).
• Date range of transactions reported: 2018-08-15 through 2025-11-14 (individual trades listed by date in the filing).
• Shares acquired (sum): ~915.21 shares (many fractional shares from dividend reinvestment).
• Cash value shown for transactions with price data: ≈ $46,241; some historical transactions show $0 or have unavailable price information (footnote F2).
• Footnotes:
  • F1: Purchases were made using cash dividends; fractional shares credited by brokerage.
  • F2: Price information unavailable for certain historical transactions.
  • F3: Reporting person reconciled historical brokerage activity and found prior filings understated beneficial ownership by 189 shares; no transaction occurred for that adjustment — the filing reflects the corrected ownership.
• Filing mechanics and timeliness: This Form 4 (filed 2026-03-10) reports previously unreported transactions spanning 2018–2025 and is the first of two Form 4s (split because EDGAR limits a single Form 4 to 30 transactions). The report is therefore late relative to the transaction dates.

Context

• These purchases were largely dividend reinvestments (automatic reinvestment of cash dividends), a routine way for insiders to accumulate shares that generally reflects reinvestment policy rather than an ad hoc buy decision. The F3 correction affects the reported beneficial ownership baseline (an upward 189-share adjustment) but did not reflect an actual trade. As always, purchases can be informative but do not, by themselves, prove intent or future company performance.