Michael R. Becher - Apr 9, 2024 Form 4 Insider Report for FIRST MERCHANTS CORP (FRME)

Role
Director
Signature
Jacob Burkett (Confirming Statement on File)
Stock symbol
FRME
Transactions as of
Apr 9, 2024
Transactions value $
$32,475
Form type
4
Date filed
4/11/2024, 10:43 AM
Previous filing
Apr 2, 2024
Next filing
Jul 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FRME Common Stock Options Exercise $32.5K +1.5K +6.08% $21.65 26.2K Apr 9, 2024 Direct F1

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 FRME Non-Employee Director Stock Option (right to buy) Options Exercise $0 -1.5K -100% $0.00* 0 Apr 9, 2024 Common Stock 1.5K $21.65 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Includes Restricted Stock Awards totaling 7,341 shares.