INBKZ SCHEDULE 13D/A: Activist campaign

Filed with the SEC on · accession 0001193125-26-461268

INBKZ filed a SCHEDULE 13D/A (schedule 13d/a) with the SEC on Nov 13, 2026. Activist investor John C. Lame, through a Schedule 13D amendment, sent a letter to First Internet Bancorp's board criticizing performance, capital allocation, disclosures, and governance, and requesting a strategic review including a potential sale of the company. The stock moved -2.2% by the first close after the filing.

Summary of the filing

Activist investor John C. Lame, through a Schedule 13D amendment, sent a letter to First Internet Bancorp's board criticizing performance, capital allocation, disclosures, and governance, and requesting a strategic review including a potential sale of the company. He also submitted a shareholder proposal for the 2027 annual meeting seeking an independent financial advisor to evaluate a sale.

Key details

Single tenant lease loan portfolio sale amount$836.9M
Pre-tax loss on sale of single tenant lease loans$37.8M
Estimated after-tax charge on sale of single tenant lease loans$33.5M
Issuer / subject companyFirst Internet Bancorp
Activist investor / reporting personJohn C. Lame
Lead independent director of first internet bancorpJohn K. Keach, Jr.

How INBKZ stock reacted

Close before

$25.82

Nov 12, 2026

First close after

-2.17%

$25.26

5 trading days

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Since filing

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Frequently asked questions

What did INBKZ file with the SEC on Nov 13, 2026?

INBKZ filed a SCHEDULE 13D/A (Activist campaign). Activist investor John C. Lame, through a Schedule 13D amendment, sent a letter to First Internet Bancorp's board criticizing performance, capital allocation, disclosures, and governance, and requesting a strategic review including a potential sale of the company. He also submitted a shareholder proposal for the 2027 annual meeting seeking an independent financial advisor to evaluate a sale.

What does a activist campaign mean for INBKZ stock?

A settlement removes uncertainty; the stock often reacts to whether the amount is bigger or smaller than investors expected.

How do I read a SCHEDULE 13D/A?

A report the company filed with the SEC (the US market regulator). Start with the summary, then the key amounts and names. Compare it with the company’s earlier filings.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A SCHEDULE 13D/A (schedule 13d/a): A report the company filed with the SEC (the US market regulator).

How did INBKZ stock react to this filing?

INBKZ closed at $25.82 before the filing and $25.26 on Nov 13, 2026 (-2.17%).

Other INBKZ SEC filings

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