CHRISTOPHER S. MICHAELS - 19 Feb 2025 Form 4 Insider Report for INDEPENDENT BANK CORP /MI/ (IBCP)

Role: Executive Vice President
Signature: s/Darcy J. Benjamin, Attorney-in-Fact
Issuer symbol: IBCP
Transactions as of: 19 Feb 2025
Net transactions value: -$5,457
Form type: 4
Filing time: 21 Feb 2025, 11:22:47 UTC
Previous filing: 05 Feb 2025
Next filing: 05 Feb 2026
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IBCP	Common Stock	Options Exercise		+358	+3.6%		10,192	19 Feb 2025	Direct	F1
transaction	IBCP	Common Stock	Tax liability	$5,457	-157	-1.5%	$34.76	10,035	19 Feb 2025	Direct
holding	IBCP	Common Stock						2,000	19 Feb 2025	By ESOP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	IBCP	Performance Right	Options Exercise	$0	-201	-100%	$0.000000	0	19 Feb 2025	Common Stock		$0.000000	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Performance Right (PSU) represents a contingent right to receive not more than two (2) shares of Issuer Common Stock, based upon the total shareholder return of Issuer's Common Stock, relative to its peer group index.