Ervin Patrick J 4

What Happened
Patrick J. Ervin, Executive Vice President of Independent Bank Corp (IBCP), sold a total of 2,500 shares in open-market transactions on June 9, 2026. The sales were executed in multiple lots at prices between $35.39 and $35.44, totaling approximately $88,505. These were outright sales (code S) rather than purchases or option exercises.

Key Details

• Transaction date: 2026-06-09 (reported on Form 4 filed 2026-06-10).
• Trades executed:
  • 780 shares @ $35.42 = $27,628
  • 242 shares @ $35.41 = $8,569
  • 76 shares @ $35.40 = $2,690
  • 2 shares @ $35.44 = $71
  • 1,400 shares @ $35.39 = $49,547
  • Aggregate: 2,500 shares sold for ~$88,505.
• Transaction type: Open-market sales (S).
• Shares owned after transaction: Not provided in the summary data supplied.
• Footnotes/plan: No 10b5-1 plan, tax-withholding or other footnotes were indicated in the provided details.
• Filing timeliness: Report filed the day after the trades (Form 4 filed 2026-06-10 for 2026-06-09 trades), which is within the normal SEC reporting window.

Context
Sales by executives are common and can reflect routine portfolio management, liquidity needs, or tax planning; they are not, by themselves, a reliable signal of company prospects. Purchases generally carry more weight as a bullish indicator. This report documents straightforward open-market disposals—no option exercises, gifts, or complex derivative activity were indicated.