MORRISSEY JOHN J 4

What Happened

• John J. Morrissey, a director of Independent Bank Corp. (INDB), sold 1,988 common shares on February 6, 2026. The shares were disposed at $85.70 each, for total proceeds of $170,372. The filing reports the transaction as an "Open market or private sale (S)."

Key Details

• Transaction date and price: 2026-02-06 — 1,988 shares @ $85.70 each = $170,372 total.
• Transaction type: Sale (reported as "Open market or private sale (S)").
• Shares owned after transaction: Not specified in the filing.
• Footnote: Holdings include 376.6224 shares acquired via the company’s 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4 (05/21/2025); those DRIP transactions are exempt from Section 16 reporting (Footnote F1).
• Filing timeliness: Form 4 was filed on 2026-02-09; based on the Feb 6 transaction date this was filed within the usual two-business-day reporting window.
• No 10b5-1 trading plan, tax-withholding, gift, or option-exercise were reported for this transaction.

Context

• This was a straight sale by a director. Sales by insiders can be routine (liquidity, diversification, tax needs) and do not on their own indicate company prognosis. Purchases generally carry more bullish informational weight than routine sales.