Form 4: 1ST SOURCE CORP Director Timothy Ozark Increases Stake with Significant Common Stock Acquisition

Timothy K. Ozark, a Director at 1ST SOURCE CORP (SRCE), acquired 1,811 shares of common stock at $60.83 per share, increasing his total beneficial ownership to 49,516 shares.

Summary

• Timothy K. Ozark, a Director of 1ST SOURCE CORP (SRCE), reported a change in beneficial ownership of common stock.
• On June 2, 2025, Mr. Ozark acquired 1,811 shares of 1ST SOURCE CORP common stock.
• The acquisition was made at a price of $60.83 per share.
• Following this transaction, Mr. Ozark's total beneficial ownership of common stock increased to 49,516 shares.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged purchase.

Sentiment

Score: 7

Explanation: The sentiment is positive due to a director increasing their stake in the company, which typically signals confidence in future performance. However, it's a single transaction and not a comprehensive financial report, limiting the overall score.

Positives

• A Director's acquisition of company stock signals confidence in the company's future prospects and valuation.
• The purchase was made at a specific price of $60.83 per share, indicating a direct investment by an insider.
• The transaction was conducted under a Rule 10b5-1(c) plan, suggesting a pre-planned investment strategy rather than a reaction to immediate market conditions.

Future Outlook

This Form 4 filing does not provide forward-looking statements or guidance regarding the company's future performance or outlook. It solely reports an insider stock transaction.

Industry Context

Insider buying, such as this acquisition by a Director, is generally viewed by the market as a positive signal, indicating that those with intimate knowledge of the company believe its stock is undervalued or that its future prospects are strong. This can potentially boost investor confidence in 1ST SOURCE CORP within the financial services industry.

Comparison to Industry Standards

• Not applicable as this document reports an individual insider stock transaction, not company financial or operational results that can be benchmarked against industry standards or specific competitors.

Related Party Transactions

• The acquisition of 1,811 shares of common stock by Timothy K. Ozark, a Director of 1ST SOURCE CORP, constitutes a related party transaction as it involves a company insider.

Stakeholder Impact

• Shareholders may view this insider purchase as a positive indicator of the company's health and future prospects, potentially increasing investor confidence.
• Employees might interpret this as a sign of stability and positive outlook from leadership.

Key Dates

Keywords

1ST SOURCE CORP, SRCE, Timothy K. Ozark, Director, Insider Trading, Stock Acquisition, Common Stock, Form 4, Beneficial Ownership, Rule 10b5-1