Form 4: Director Acquires SRCE Shares

Ronda Shrewsbury, a Director at 1st Source Corp, acquired 263 shares of common stock at $60.68 per share, increasing her direct beneficial ownership to 12,452 shares.

Summary

• Ronda Shrewsbury, a Director of 1st Source Corp (SRCE), acquired 263 shares of the company's common stock.
• The transaction occurred on August 4, 2025, at a price of $60.68 per share.
• Following this acquisition, Ms. Shrewsbury directly beneficially owns a total of 12,452 shares of 1st Source Corp common stock.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase of equity securities, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The acquisition of shares by a director is generally a positive signal, indicating confidence in the company. The transaction being under a 10b5-1 plan suggests a pre-planned, non-discretionary purchase, which is a neutral to positive factor.

Positives

• A Director's acquisition of shares signals confidence in the company's future prospects and valuation.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-planned, non-discretionary purchase.

Future Outlook

This filing is a factual report of an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends. It reflects a specific director's investment decision within the financial services sector, where 1st Source Corp operates.

Comparison to Industry Standards

• This filing reports a specific insider transaction and does not provide data for comparison to industry-wide financial performance benchmarks or competitor results. Insider buying activity can be a positive signal, but its significance varies based on the size of the purchase relative to the insider's existing holdings and the company's market capitalization, as well as broader market conditions.

Related Party Transactions

• Ronda Shrewsbury, a Director of 1st Source Corp, acquired shares of the company's common stock. This transaction is considered a related party transaction as it involves an insider of the company.

Stakeholder Impact

• Shareholders: The acquisition by a director may be viewed positively by shareholders as a sign of management's confidence in the company's future performance.
• Employees, Customers, Suppliers, Creditors: This specific insider transaction is unlikely to have a direct or immediate impact on these stakeholder groups.

Next Steps

• This filing reports a completed transaction and does not outline specific future actions or milestones for the company or the reporting person beyond the reported acquisition.

Key Dates

Recommendation

While insider buying by a director is generally a positive signal, indicating confidence in the company's prospects, this specific transaction involves a relatively small number of shares (263) compared to the total shares outstanding or the director's existing holdings (12,452 shares). The purchase was also pre-planned under a 10b5-1 plan, which reduces the immediate discretionary signal. Without broader financial context, company performance, or industry analysis, this single transaction is not sufficient to warrant a 'buy' recommendation, but it does not present any negative indicators that would suggest a 'sell'. Therefore, a 'hold' recommendation is appropriate, pending further comprehensive analysis of the company's fundamentals and market conditions.

Keywords

1st Source Corp, SRCE, Insider Trading, Form 4, Director Stock Purchase, Equity Acquisition, Ronda Shrewsbury, 10b5-1 Plan