Raines Michele L. 4

What Happened

• Michele L. Raines, a director of First Internet Bancorp (INBK), was granted 2,416 shares as a restricted stock award on May 18, 2026. The shares are reported at $0.00 per share (award), so the Form 4 shows $0 value for the acquisition. The award is coded as an "A" (award/grant/acquisition).
• Footnote F1 states the restricted shares vest the earlier of May 18, 2027 or immediately prior to the company’s next annual shareholders’ meeting. Footnote F2 notes the holding total includes 17 shares previously acquired via the company’s Dividend Reinvestment and Stock Purchase Plan between July 16, 2025 and May 18, 2026.

Key Details

• Transaction date: 2026-05-18; Filing date (Form 4): 2026-05-19 (filed timely within SEC window).
• Transaction type/code: Restricted stock award (A); reported acquisition of 2,416 shares at $0.00 per share.
• Vesting: Restricted — vests by May 18, 2027 or before next annual meeting (per F1).
• Prior DRIP shares: F2 indicates 17 shares from the Dividend Reinvestment and Stock Purchase Plan are included in the reported holdings.
• Post-transaction total holdings: Not specified in the details provided here (check the full Form 4 for aggregate holdings if needed).

Context

• Restricted stock awards are a form of compensation and usually carry vesting conditions; they are not the same as an outright open-market purchase and do not necessarily signal immediate buying pressure. For retail investors, purchased shares (cash buys) typically provide a clearer signal of insider confidence than routine awards or compensation.