Vault-13

FIRST INTERNET BANCORP INBK

COM · Common Stock · CUSIP 320557101

87 institutional holders -18 vs Q1 2023
5,436,0405.4m shares reported held*
62.4% of all shares outstanding*
$80.7mreported value*
12 new 33 added 30 reduced 31 sold out net sold ≈ $15.7m (-1.0m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($22.2k this quarter). Holder counts are more reliable. Shares outstanding: 8.7m as of 2023-08-04, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $14.85. Options: 4 managers hold calls ($628.8k notional), 3 hold puts ($59.4k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 106Q4 22: 102Q1 23: 105Q2 23: 8787Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022106
Q4 2022102
Q1 2023105
Q2 202387

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 44 bought or addedQ4 22: 54 cut or sold outQ4 22Q1 23: 55 bought or addedQ1 23: 37 cut or sold outQ1 23Q2 23: 45 bought or addedQ2 23: 61 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20224454
Q1 20235537
Q2 20234561

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200k$400k$600k$800kQ3 22 calls: $0Q3 22 puts: $504.0kQ3 22P/C —Q4 22 calls: $109.3kQ4 22 puts: $199.1kQ4 22P/C 1.82Q1 23 calls: $23.3kQ1 23 puts: $30.0kQ1 23P/C 1.29Q2 23 calls: $628.8kQ2 23 puts: $59.4kQ2 23P/C 0.09
Numbers
QuarterCallsPutsP/C
Q3 2022$0$504.0k—
Q4 2022$109.3k$199.1k1.82
Q1 2023$23.3k$30.0k1.29
Q2 2023$628.8k$59.4k0.09

Biggest buyers

HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Added +106,250+106.2k
JACOBS LEVY EQUITY MANAGEMENT, INC Added +103,800+103.8k
Fiduciary Trust Co Added +86,233+86.2k
Ancora Advisors LLC Added +62,740+62.7k
Walleye Capital LLC New +59,212+59.2k
MILLENNIUM MANAGEMENT LLC Added +51,403+51.4k
FRANKLIN RESOURCES INC Added +49,180+49.2k
EMERALD MUTUAL FUND ADVISERS TRUST New +37,582+37.6k
MORGAN STANLEY Added +37,345+37.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +33,335+33.3k

Biggest sellers

KENNEDY CAPITAL MANAGEMENT LLC Sold out -231,214-231.2k
BlackRock Inc. Reduced -221,289-221.3k
DIMENSIONAL FUND ADVISORS LP Reduced -177,791-177.8k
STATE STREET CORP Reduced -139,468-139.5k
HEARTLAND ADVISORS INC Reduced -123,350-123.3k
PRUDENTIAL FINANCIAL INC Sold out -107,933-107.9k
Brandywine Global Investment Management, LLC Reduced -104,135-104.1k
GEODE CAPITAL MANAGEMENT, LLC Reduced -87,929-87.9k
CONNORS INVESTOR SERVICES INC Reduced -82,322-82.3k
STRS OHIO Sold out -76,500-76.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $450.0k30.3k shares
CITADEL ADVISORS LLC Added $164.8k11.1k shares
SIMPLEX TRADING, LLC New $14.0k1.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

GROUP ONE TRADING LLC New $37.1k2.5k shares
CITADEL ADVISORS LLC Reduced $22.3k1.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution filed 2025-04-24 6.2% 541.0k≈ $15.0m 2025-04-24

Fell to 5% or below in the last year: LAME JOHN C (1.7%, 2026-04-08), VANGUARD GROUP INC (0.0%, 2026-03-26), DIMENSIONAL FUND ADVISORS LP (5.0%, 2026-01-21)

Insider purchases and sales in Q2 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
10010Q3 21: 0 buyingQ3 21: 0 sellingQ4 21: 1 buyingQ4 21: 0 sellingQ4 21Q1 22: 1 buyingQ1 22: 1 sellingQ2 22: 2 buyingQ2 22: 0 sellingQ2 22Q3 22: 0 buyingQ3 22: 0 sellingQ4 22: 3 buyingQ4 22: 0 sellingQ4 22Q1 23: 4 buyingQ1 23: 0 sellingQ2 23: 6 buyingQ2 23: 0 sellingQ2 23
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20210—0——
Q4 20211$432.5k0——
Q1 20221$891.8k1$85.1k—
Q2 20222$1.6m0——
Q3 20220—0——
Q4 20223$508.6k0——
Q1 20234$324.3k0——
Q2 20236$427.1k0——
DateInsiderTradeSharesPrice ValueTheir holding
2023-05-12 Christian Justin P. Director · Shares held by Market Street Capital Inc Bought 10,000 $10.17 $101.7k10.0k shares +53%
2023-05-12 BECKER DAVID B Chairman and CEO, director Bought 5,000 $10.05 $50.2k5.0k shares +1%
2023-05-11 Bade Aasif M. Director · Shares held in a spousal lifetime access trust Bought 10,000 $9.95 $99.5k10.0k shares +44%
2023-05-10 Bade Aasif M. Director · Shares held in a spousal lifetime access trust Bought 10,000 $10.76 $107.6k10.0k shares +80%
2023-05-09 Lorch Nicole S. President & COO Bought 2,000 $10.40 $20.8k2.0k shares +4%
2023-05-04 KEACH JOHN K JR Director Bought 2,000 $11.12 $22.2k2.0k shares +8%
2023-05-03 Dee Ann C. Director Bought 2,000 $12.52 $25.0k2.0k shares +41%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 451,854451.9k $6.7m $6.7m 0.00% Reduced -177.8k -177,791
2 BANC FUNDS CO LLC 0.69% of their portfolio CHICAGO, IL 392,313392.3k $5.8m $5.8m 0.69% Added +2.6k +2,646
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 379,290379.3k $5.6m $5.6m 0.00% Reduced -44.5k -44,470
4 BlackRock Inc. 0.00% of their portfolio New York, NY 359,468359.5k $5.3m $5.3m 0.00% Reduced -221.3k -221,289
5 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.02% of their portfolio Los Angeles, CA 353,875353.9k $5.3m $5.3m 0.02% Added +106.2k +106,250
6 Stieven Capital Advisors, L.P. 1.13% of their portfolio ST. LOUIS, MO 295,181295.2k $4.4m $4.4m 1.13% Reduced -51.9k -51,908
7 HEARTLAND ADVISORS INC 0.21% of their portfolio MILWAUKEE, WI 250,000250.0k $3.7m $3.7m 0.21% Reduced -123.3k -123,350
8 Fiduciary Trust Co 0.06% of their portfolio Boston, MA 241,715241.7k $3.6m $3.6m 0.06% Added +86.2k +86,233
9 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 168,834168.8k $2.5m $2.5m 0.00% Added +49.2k +49,180
10 JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio FLORHAM PARK, NJ 165,688165.7k $2.5m $2.5m 0.01% Added +103.8k +103,800
11 PATRIOT FINANCIAL PARTNERS GP, LP 1.08% of their portfolio Radnor, PA 152,524152.5k $2.3m $2.3m 1.08% Unchanged
12 Brandywine Global Investment Management, LLC 0.02% of their portfolio PHILADELPHIA, PA 151,535151.5k $2.3m $2.3m 0.02% Reduced -104.1k -104,135
13 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 137,780137.8k $2.0m $2.0m 0.01% Added +8.9k +8,900
14 Ancora Advisors LLC 0.04% of their portfolio Cleveland, OH 107,614107.6k $1.6m $1.6m 0.04% Added +62.7k +62,740
15 LSV ASSET MANAGEMENT 0.00% of their portfolio CHICAGO, IL 103,000103.0k $1.5m $1.5m 0.00% Added +5.7k +5,700
16 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 97,88497.9k $1.5m $1.5m 0.00% Reduced -87.9k -87,929
17 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 94,11794.1k $1.4m $1.4m 0.00% Added +7.9k +7,889
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 83,50583.5k $1.2m $1.2m 0.00% Added +37.3k +37,345
19 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 82,26682.3k $1.2m $1.2m 0.00% Reduced -11.8k -11,830
20 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 77,36277.4k $1.1m $1.1m 0.00% Added +51.4k +51,403
21 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 75,92475.9k $1.1m $1.1m 0.00% Added +5.1k +5,078
22 CALDWELL SUTTER CAPITAL, INC. 0.58% of their portfolio SAUSALITO, CA 74,25874.3k $1.1m $1.1m 0.58% Added +7.4k +7,375
23 Foundry Partners, LLC 0.06% of their portfolio MINNEAPOLIS, MN 63,37563.4k $941.1k $941.1k 0.06% Reduced -1.1k -1,145
24 Trexquant Investment LP 0.02% of their portfolio STAMFORD, CT 59,21459.2k $879.3k $879.3k 0.02% Added +30.9k +30,872
25 Walleye Capital LLC 0.02% of their portfolio NEW YORK, NY 59,21259.2k $879.3k $879.3k 0.02% New
26 Gator Capital Management, LLC 0.61% of their portfolio TAMPA, FL 58,79058.8k $873.0k $873.0k 0.61% Unchanged
27 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 54,03854.0k $802.5k $802.5k 0.00% Added +10.8k +10,782
28 ClariVest Asset Management LLC 0.04% of their portfolio SAN DIEGO, CA 47,57347.6k $706.0k $706.0k 0.04% Added +28.5k +28,465
29 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% of their portfolio HOUSTON, TX 44,50044.5k $660.8k $660.8k 0.02% Reduced -37.3k -37,255
30 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 41,96442.0k $623.2k $623.2k 0.00% Reduced -24.7k -24,655
31 Perritt Capital Management Inc 0.32% of their portfolio Chicago, IL 39,09239.1k $580.5k $580.5k 0.32% Added +9.0k +9,000
32 EMERALD MUTUAL FUND ADVISERS TRUST 0.03% of their portfolio LEOLA, PA 37,58237.6k $558.1k $558.1k 0.03% New
33 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 37,00037.0k $549.5k $549.5k 0.00% Reduced -100 -100
34 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 33,33533.3k $495.0k $495.0k 0.00% New
35 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 32,77732.8k $488.7k $488.7k 0.00% Reduced -139.5k -139,468
36 Cubist Systematic Strategies, LLC 0.00% of their portfolio STAMFORD, CT 29,32529.3k $435.5k $435.5k 0.00% Added +17.6k +17,639
37 Valeo Financial Advisors, LLC 0.02% of their portfolio CARMEL, IN 29,17029.2k $433.2k $433.2k 0.02% New
38 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 28,50428.5k $423.0k $423.0k 0.00% New
39 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 26,87526.9k $397.0k $397.0k 0.00% Unchanged
40 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 24,58624.6k $363.9k $363.9k 0.01% Added +3.7k +3,724
41 Teton Advisors, Inc. 0.10% of their portfolio Rye, NY 24,44024.4k $362.9k $362.9k 0.10% Reduced -2.0k -2,000
42 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 21,08921.1k $313.2k $313.2k 0.00% Reduced -2.8k -2,761
43 DENALI ADVISORS LLC 0.11% of their portfolio SAN DIEGO, CA 20,20020.2k $300.0k $300.0k 0.11% Added +19.2k +19,200
44 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 18,80618.8k $279.3k $279.3k 0.00% Reduced -55.0k -55,040
45 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 18,42418.4k $273.6k $273.6k 0.00% Reduced -32.5k -32,487
46 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 16,90016.9k $251.0k $251.0k 0.00% Reduced -5.1k -5,100
47 Mariner, LLC 0.00% of their portfolio Overland Park, KS 16,34216.3k $242.7k $242.7k 0.00% Added +2.9k +2,892
48 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 16,02816.0k $239.0k $239.0k 0.00% Added +3.9k +3,948
49 SEIZERT CAPITAL PARTNERS, LLC 0.01% of their portfolio BIRMINGHAM, MI 15,79715.8k $234.6k $234.6k 0.01% Reduced -1.1k -1,090
50 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 15,10215.1k $224.3k $224.3k 0.00% Added +10.5k +10,507
51 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 14,58814.6k $216.6k $216.6k 0.00% Added +4.0k +4,035
52 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 14,10014.1k $209.0k $209.0k 0.00% New
53 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 14,07914.1k $209.1k $209.1k 0.00% Reduced -15.6k -15,640
54 DONALDSON CAPITAL MANAGEMENT, LLC 0.01% of their portfolio EVANSVILLE, IN 13,67413.7k $203.1k $203.1k 0.01% Added +2.0k +2,000
55 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 13,67313.7k $203.0k $203.0k 0.00% Reduced -15.3k -15,338
56 OXFORD FINANCIAL GROUP, LTD. LLC 0.02% of their portfolio INDIANAPOLIS, IN 13,03413.0k $193.6k $193.6k 0.02% Unchanged
57 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 12,99713.0k $193.0k $193.0k 0.00% Added +2.3k +2,258
58 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 12,61012.6k $187.3k $187.3k 0.00% New
59 Aristides Capital LLC 0.11% of their portfolio LOUISVILLE, KY 12,00012.0k $178.2k $178.2k 0.11% Unchanged
60 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 11,84711.8k $175.9k $175.9k 0.00% Added +9.5k +9,547
61 Indie Asset Partners, LLC 0.18% of their portfolio CARMEL, IN 11,25011.2k $167.1k $167.1k 0.18% Unchanged
62 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 10,79910.8k $160.4k $160.4k 0.00% Added +6.5k +6,508
63 CONNORS INVESTOR SERVICES INC 0.02% of their portfolio WYOMISSING, PA 10,53410.5k $156.0k $156.0k 0.02% Reduced -82.3k -82,322
64 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 9,4269.4k $140.0k $140.0k 0.00% Added +6.2k +6,200
65 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,2009.2k $137.0k $137.0k 0.00% Reduced -475 -475
66 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 7,3847.4k $109.7k $109.7k 0.00% Reduced -508 -508
67 Column Capital Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 5,0115.0k $74.4k $74.4k 0.01% Added +2.0k +2,011
68 Point72 Middle East FZE 0.00% of their portfolio DUBAI, C0 3,4203.4k $50.8k $50.8k 0.00% New
69 FIRST FINANCIAL CORP /IN/ 0.03% of their portfolio TERRE HAUTE, IN 3,0003.0k $44.5k $44.5k 0.03% Unchanged
70 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 1,9151.9k $28.0k $28.0k 0.00% New
71 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,5481.5k $23.0k $23.0k 0.00% Reduced -1.2k -1,198
72 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 1,0651.1k $18.0k $18.0k 0.00% Unchanged
73 FMR LLC 0.00% of their portfolio BOSTON, MA 1,0361.0k $15.4k $15.4k 0.00% Reduced -54 -54
74 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 746746 $11.1k $11.1k 0.00% New
75 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 721721 $10.7k $10.7k 0.00% Reduced -19.2k -19,215
76 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 400400 $5.9k $5.9k 0.00% Unchanged
77 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 360360 $5.3k $5.3k 0.00% Reduced -1.5k -1,549
78 Nemes Rush Group LLC 0.00% of their portfolio NOVI, MI 306306 $4.5k $4.5k 0.00% First filing
79 CWM, LLC 0.00% of their portfolio OMAHA, NE 223223 $3.0k $3.0k 0.00% Added +47 +47
80 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 155155 $2.3k $2.3k 0.00% Unchanged
81 Covestor Ltd 0.00% of their portfolio LONDON, X0 131131 $2.0k $2.0k 0.00% Reduced -81 -81
82 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 8282 $1.2k $1.2k 0.00% Added +19 +19
83 Avion Wealth 0.00% of their portfolio THE WOODLANDS, TX 7373 $1.0k $1.0k 0.00% New
84 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 6767 $995 $995 0.00% Reduced -6.6k -6,607
85 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2626 $386 $386 0.00% Added +20 +20
86 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2525 $371 $371 0.00% New
87 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged