SRCE 1ST SOURCE CORP Insider Trading

Director BIRMINGHAM MELODY purchased 915 shares across 30 transactions over 7 years, raising stake to 9,088 shares from 8,173 at blended $50.53 avg price.

This Form 4 documents 30 separate purchases totaling 915 shares for $46,242.56 spanning August 2018 through November 2025, with the director's holding increasing by +11.2% from 8,173 to 9,088 shares. The transaction pattern is remarkably regular, concentrated in quarterly intervals coinciding with director equity grants, with minimal cost basis prior to 2021 (42 shares at $0.00 in Feb 2021) followed by sustained monthly purchases at prevailing market prices ranging from $40.98 to $66.53. The director's blended acquisition price of $50.53 compares to a current price of $67.47 with the stock trading -5.1% from its 52-week high, while the company's fundamentals show a P/E of 9.42 on net income of $42,279,000.00. The sustained, regular pattern of purchases over seven years at varying price points without evidence of market-timing strategy suggests calendar-driven or grant-related accumulation rather than discretionary conviction-based buying.

Director Melody buys 51 SRCE shares at $69.14; stock down 5.1% from 52-week high but 3 of 5 prior buys at this ticker well-timed at 90 days.

Birmingham Melody, a director at 1st Source Corp, purchased 51 shares at $69.14 on 2026-02-13, incrementally adding to a 9.1K-share position. The transaction occurs as the stock trades $67.47, down 5.1% from its 52-week high of $71.10 and -4.2% over the past 30 days. Melody's timing history at this ticker shows mixed results: of 5 prior buys, 3 were well-timed at the 90-day mark (post-purchase returns positive), with the most recent buy on 2025-11-14 yielding +6.7% in 30 days and +13.4% in 90 days, while earlier buys in May and February 2025 resulted in modest losses. The company trades at a 9.42 P/E on $42.3M net income with a $1.6B market cap. This incremental buy follows a pattern of recurring share acquisitions and adds a modest data point to an inconsistent track record at the ticker.