Form 4: First Internet Bancorp COO Buys 2,000 Shares

First Internet Bancorp's President and COO, Nicole S. Lorch, increased her stake in the company by purchasing 2,000 shares of common stock.

Summary

• Nicole S. Lorch, President & COO of First Internet Bancorp, acquired 2,000 shares of common stock.
• The transaction occurred on November 17, 2025, at a weighted-average price of $17.96 per share, with prices ranging from $17.88 to $17.98.
• Following this transaction, Ms. Lorch beneficially owns a total of 70,206 shares of First Internet Bancorp common stock.
• This total includes 100 shares acquired between January 15, 2025, and October 31, 2025, through the First Internet Bancorp Employee Stock Purchase Plan.
• It also includes 439 shares acquired between January 16, 2025, and October 16, 2025, via the First Internet Bancorp Dividend Reinvestment and Stock Purchase Plan.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 8

Explanation: The purchase of company stock by a key executive, especially the President & COO, is a strong positive signal, indicating confidence in the company's valuation and future prospects. This aligns management's interests with shareholders.

Positives

• Insider buying by a high-ranking executive (President & COO) signals strong confidence in the company's future prospects.
• The acquisition increases the executive's direct ownership stake, further aligning her interests with those of shareholders.

Future Outlook

NA

Industry Context

Insider buying, especially by a high-level executive like a COO, is often viewed by investors as a positive signal, suggesting management believes the company's stock is undervalued or expects positive developments. This action aligns with a general trend where executives increase their stake when they have strong conviction in their company's future performance, particularly in the financial services sector where stability and growth prospects are key.

Comparison to Industry Standards

• While specific comparable companies or projects are not detailed in this Form 4, insider buying by a COO is a common occurrence across industries.
• The significance of this purchase (2,000 shares) relative to the executive's existing holdings (70,206 shares) and the company's market capitalization would typically be assessed against similar insider transactions in the banking sector.
• For instance, a purchase of this size might be considered a moderate to significant vote of confidence, depending on the executive's total compensation and net worth, and compared to similar purchases by executives at regional banks like Old National Bancorp (ONB) or German American Bancorp (GABC).

Related Party Transactions

• The reported transaction is a direct purchase of common stock by a corporate officer, Nicole S. Lorch, from First Internet Bancorp, which is considered a related party transaction under SEC rules.
• Additional shares were acquired through the First Internet Bancorp Employee Stock Purchase Plan and the First Internet Bancorp Dividend Reinvestment and Stock Purchase Plan, which are also related party transactions.

Stakeholder Impact

• Shareholders may view this as a positive signal, potentially increasing confidence in the stock and its future performance.
• Employees may see this as a sign of stability and management's belief in the company.
• Management's increased stake further aligns their financial interests with the long-term success of the company.

Next Steps

• Continue to monitor future insider transactions for First Internet Bancorp.
• Analyze the company's upcoming financial reports for performance that aligns with this insider confidence.

Key Dates

Recommendation

The purchase of 2,000 shares by the President & COO, Nicole S. Lorch, signals strong insider confidence in First Internet Bancorp's valuation and future prospects. Insider buying, particularly from a high-level executive, is often interpreted as a bullish indicator, suggesting that management believes the stock is undervalued or anticipates positive developments. This action aligns the executive's interests with shareholders and provides a compelling reason for investors to consider a 'buy' recommendation, assuming the company's fundamentals remain sound.

Keywords

First Internet Bancorp, INBK, Insider Buy, Stock Purchase, Nicole S. Lorch, COO, Form 4, Equity Acquisition, Financial Services, Banking