Form 4: Horizon Bancorp Director Increases Stake with Common Stock Acquisition

Michele Annette Samuels, a Director at Horizon Bancorp Inc. (HBNC), acquired 331 shares of common stock at $15.08 per share, increasing her total beneficial ownership to 3,262 shares.

Summary

• Michele Annette Samuels, a Director of Horizon Bancorp Inc. (HBNC), reported the acquisition of common stock.
• On June 9, 2025, Ms. Samuels acquired 331 shares of Horizon Bancorp common stock.
• The shares were acquired at a price of $15.08 per share.
• Following this transaction, Ms. Samuels beneficially owns a total of 3,262 shares of Horizon Bancorp common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director generally indicates confidence in the company's prospects, which is a positive signal for investors. However, it is a single transaction and not indicative of broader company performance or strategy.

Positives

• A Director's acquisition of company stock can signal confidence in the company's future prospects and valuation.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned acquisition strategy.

Negatives

• No negative information is typically disclosed in a Form 4 filing, which solely reports changes in beneficial ownership.

Risks

• Form 4 filings do not typically disclose company-specific risks; they are solely for reporting insider transactions.

Future Outlook

This Form 4 filing is a disclosure of an insider transaction and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

Insider buying, particularly by a director, in the banking sector (represented by Horizon Bancorp) can be interpreted by investors as a positive signal, suggesting that those closest to the company believe its stock is undervalued or has strong future potential, especially in a dynamic financial services environment.

Comparison to Industry Standards

• This Form 4 reports a standard insider transaction as required by SEC regulations. Direct comparisons to specific companies or projects based solely on this filing are not applicable, as it details an individual's stock acquisition rather than company performance metrics.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive indicator of management's belief in the company's value and future performance.

Next Steps

• This Form 4 filing does not outline any specific future actions, events, or milestones for the company, as it is solely a report of an insider's stock transaction.

Key Dates

Keywords

Horizon Bancorp, HBNC, Insider Trading, Form 4, Stock Acquisition, Director, Michele Samuels, Common Stock, Beneficial Ownership, Rule 10b5-1