Independent Bank (INDB) Director Thomas R. Venables Sells 3,750 Shares

What Happened Thomas R. Venables, a director of Independent Bank Corp. (INDB), sold 3,750 shares in an open-market transaction on August 25, 2026. The filing reports a weighted average sale price of $83.00 per share for total proceeds of approximately $311,232. This was a sale (S) — a disposition of shares rather than a purchase.

Key Details

• Transaction date: 2026-08-25 (reported on Form 4 filed 2026-08-26). The filing appears timely.
• Price: weighted average reported as $83.00; actual trade prices ranged from $82.770 to $83.215 per share (see footnote).
• Shares sold: 3,750; Proceeds: ~$311,232.
• Shares owned after transaction: Not disclosed in the information provided in this summary.
• Notable footnote: The price is a weighted average; the filer offers to provide a per-price breakdown on request (SEC/Company can request full details).
• Transaction code: S (sale). No 10b5-1 plan, grant, exercise, or tax-withholding noted in the filing.

Context This was an outright sale of existing shares (routine insider selling). Sales do not, by themselves, indicate the insider’s view of the company’s prospects. Purchases typically carry more weight for interpreting insider confidence.