Anne E. Sellers - May 20, 2021 Form 4 Insider Report for Merchants Bancorp (MBIN)

Role
Director
Signature
/s/ Terry A. Oznick, attorney-in-fact
Stock symbol
MBIN
Transactions as of
May 20, 2021
Transactions value $
$12,541
Form type
4
Date filed
5/24/2021, 04:07 PM
Next filing
Sep 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Common Stock Award $12.5K +292 +14.09% $42.95 2.36K May 20, 2021 Direct F1
holding MBIN Series C Preferred Stock 12K May 20, 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This award represents the equity portion of the Reporting Person's quarterly retainer for service as a director of the Issuer. The number of shares awarded was determined by dividing the dollar value of the equity portion by the price shown, which was the closing price of one share of the Issuer's common stock on the day immediately prior to the most recent scheduled quarterly board meeting, and rounding up to the next whole share.