Director at First Internet Bancorp (INBK) receives 2,416 restricted shares

Rhea-AI Filing Summary

First Internet Bancorp director Michele L. Raines received 2,416 shares of common stock as a restricted stock award. The award vests on the earlier of May 18, 2027, or immediately before the company’s next annual shareholders’ meeting. After this grant, she directly holds 6,440 shares, which includes 17 shares acquired between July 16, 2025 and May 18, 2026 through the company’s Dividend Reinvestment and Stock Purchase Plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Raines Michele L.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,416	$0.00	--

Holdings After Transaction: Common Stock — 6,440 shares (Direct, null)

Footnotes (1)

1. Restricted stock award scheduled to vest the earlier of May 18, 2027 or immediately prior to the Company's next annual shareholders' meeting. Includes 17 shares acquired between July 16, 2025 and May 18, 2026 pursuant to the First Internet Bancorp Dividend Reinvestment and Stock Purchase Plan.

Key Figures

Restricted stock award: 2,416 shares Award price per share: $0.00 per share Shares after transaction: 6,440 shares +2 more

5 metrics

Restricted stock award 2,416 shares Common Stock grant on May 18, 2026

Award price per share $0.00 per share Compensation-related grant, not a market purchase

Shares after transaction 6,440 shares Total common stock directly held following the award

DRIP shares acquired 17 shares Acquired between July 16, 2025 and May 18, 2026 via Dividend Reinvestment and Stock Purchase Plan

Vesting date May 18, 2027 Vests then or immediately prior to next annual shareholders’ meeting

Key Terms

Restricted stock award, Dividend Reinvestment and Stock Purchase Plan, Common Stock, Grant, award, or other acquisition

4 terms

Restricted stock award financial

"Restricted stock award scheduled to vest the earlier of May 18, 2027 or immediately prior"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

Dividend Reinvestment and Stock Purchase Plan financial

"Includes 17 shares acquired between July 16, 2025 and May 18, 2026 pursuant to the First Internet Bancorp Dividend Reinvestment and Stock Purchase Plan."

A dividend reinvestment and stock purchase plan lets investors automatically use cash dividends to buy additional shares and often make extra share purchases directly from the company, usually at low or no commission. Think of it as an automatic savings plan for stock: dividends and optional contributions are turned into more shares, helping ownership grow through compounding and making regular investing simple and low-cost—key for long-term investors.

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Raines Michele L.

(Last) (First) (Middle)

8701 E. 116TH STREET

(Street)

FISHERS INDIANA 46038

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
First Internet Bancorp [ INBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/18/2026		A		2,416(1)	A	$0	6,440(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted stock award scheduled to vest the earlier of May 18, 2027 or immediately prior to the Company's next annual shareholders' meeting.

2. Includes 17 shares acquired between July 16, 2025 and May 18, 2026 pursuant to the First Internet Bancorp Dividend Reinvestment and Stock Purchase Plan.

Remarks:

	/s/ Kenneth J. Lovik, Attorney-in-Fact for Michele L. Raines (power of attorney previously filed)	05/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did First Internet Bancorp (INBK) report for Michele L. Raines?

First Internet Bancorp reported that director Michele L. Raines received 2,416 shares of common stock as a restricted stock award. This is a compensation-related grant, not an open-market purchase, and increases her direct ownership position in the company.

How many First Internet Bancorp (INBK) shares does Michele L. Raines hold after this Form 4?

After the reported award, Michele L. Raines directly holds 6,440 shares of First Internet Bancorp common stock. This total includes both the 2,416-share restricted stock grant and 17 shares acquired through the company’s Dividend Reinvestment and Stock Purchase Plan.

When do Michele L. Raines’ restricted shares in First Internet Bancorp (INBK) vest?

The 2,416-share restricted stock award to Michele L. Raines is scheduled to vest on the earlier of May 18, 2027, or immediately prior to First Internet Bancorp’s next annual shareholders’ meeting, aligning vesting with the company’s governance calendar.

Were any of Michele L. Raines’ First Internet Bancorp (INBK) shares bought on the open market?

The Form 4 shows a restricted stock award with a per-share price of $0.00 and no open-market purchases. It also notes 17 shares acquired through the Dividend Reinvestment and Stock Purchase Plan over time, rather than through a single market trade.

What does the Dividend Reinvestment and Stock Purchase Plan mean for INBK shareholders like Michele L. Raines?

The filing notes that 17 of Michele L. Raines’ INBK shares were acquired under the Dividend Reinvestment and Stock Purchase Plan. Such plans typically allow shareholders to automatically reinvest dividends into additional shares, gradually increasing holdings over time.