Fenech Joseph A. 4

What Happened

• Joseph A. Fenech, a director of First Internet Bancorp (INBK), acquired 1,000 shares via an open-market purchase on February 24, 2026. The transaction is reported at $19.83 per share for a total of about $19,830.
• This was a purchase (transaction code P), which is generally viewed as a more informative insider action than routine sales. The filing does not state a sale of any shares tied to this transaction.

Key Details

• Transaction date: February 24, 2026; Form 4 filed: February 26, 2026 (filed within the typical 2-business-day reporting window).
• Reported price and value: 1,000 shares at $19.83 reported (total ≈ $19,830). Footnote F1 notes a weighted-average price reflecting multiple purchases at $19.83–$19.87 and offers to provide a breakdown on request.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1: Weighted-average price across multiple purchases ranged $19.83–$19.87; details available upon request.
  • F2: Notes 51 shares were acquired earlier (Jul 16, 2025–Jan 16, 2026) under the company’s Dividend Reinvestment and Stock Purchase Plan.
  • F3: The reported shares are owned by GenOpp Financial Fund LP; Mr. Fenech is an indirect owner of the fund’s general partner and investment manager. The filing states this is not an admission that Mr. Fenech beneficially owns the securities.

Context

• The purchase was made through or attributed to an investment fund (GenOpp Financial Fund LP) with which Mr. Fenech is affiliated, rather than necessarily being a direct personal purchase. For retail investors, purchases by insiders or affiliated funds can be informative, but this filing clarifies the ownership structure and disclaims direct beneficial ownership.
• No options were exercised, no shares were sold, and no late-filing flag was indicated in the provided information.