Form 4: Insider Gifts 5,000 SRCE Shares Under 10b5-1 Plan

Carmen C. Murphy, a Director of 1ST SOURCE CORP, reported gifting 5,000 shares of common stock under a Rule 10b5-1 plan.

Summary

• Carmen C. Murphy, a Director of 1ST SOURCE CORP, reported a disposition of 5,000 shares of common stock.
• The transaction, dated December 11, 2025, was a gift (Transaction Code G) with a price of $0 per share.
• 2,500 shares were disposed of directly, resulting in a direct beneficial ownership of 765,938 shares.
• An additional 2,500 shares were disposed of indirectly through ownership by spouse, resulting in an indirect beneficial ownership of 1,171,397 shares by spouse.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged disposition.
• Following these transactions, Carmen C. Murphy's total beneficial ownership includes 765,938 direct shares and 3,577,351 indirect shares held through a spouse, an LLC, and various trusts, totaling 4,343,289 shares.

Sentiment

Score: 5

Explanation: A gift transaction is a planned transfer of shares, not a market-driven sale or purchase, and typically has a neutral impact on the company's valuation or the reporting person's investment sentiment. The future date indicates a pre-planned event.

Negatives

• Carmen C. Murphy's direct beneficial ownership of 1ST SOURCE CORP common stock decreased by 2,500 shares.
• Indirect beneficial ownership through a spouse decreased by 2,500 shares.

Future Outlook

The filing indicates a planned future transaction on December 11, 2025, executed under a Rule 10b5-1(c) plan, suggesting a pre-arranged disposition of shares.

Related Party Transactions

• Carmen C. Murphy disposed of 5,000 shares of common stock via gift, which is a form of related party transaction, though the recipient is not specified in the filing.

Stakeholder Impact

• Minimal impact on shareholders due to the relatively small number of shares involved in the gift transaction compared to the company's total outstanding shares.
• The transaction reflects a planned personal financial decision by a director.

Key Dates

Keywords

1ST SOURCE CORP, SRCE, Form 4, insider transaction, beneficial ownership, gift, Rule 10b5-1 plan, common stock, director