Scott P. Setlock - 19 Dec 2025 Form 4 Insider Report for MERCANTILE BANK CORP (MBWM)

Role
EVP, COO, & SECRETARY
Signature
/s/ Bradley J. Wyatt, Attorney-in-Fact
Issuer symbol
MBWM
Transactions as of
19 Dec 2025
Net transactions value
-$58,697
Form type
4
Filing time
09 Feb 2026, 18:23:10 UTC
Previous filing
10 Feb 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Setlock Scott P EVP, COO, & SECRETARY C/O MERCANTILE BANK CORPORATION, 310 LEONARD ST. NW, GRAND RAPIDS /s/ Bradley J. Wyatt, Attorney-in-Fact 09 Feb 2026 0002002737

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBWM Common Stock Tax liability $58,697 -1,187 -5.7% $49.45 19,737 19 Dec 2025 Direct
transaction MBWM Common Stock Award $0 +2,271 +12% $0.000000 22,008 05 Feb 2026 Direct F1
transaction MBWM Common Stock Award $0 +1,135 +5.2% $0.000000 23,143 05 Feb 2026 Direct
holding MBWM Common Stock 8,933 19 Dec 2025 In 401(k) plan F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This award of shares is being made pursuant to the Issuer's performance-based restricted stock award agreement, such that a portion or all of this award of restricted stock may be forfeited in the future if certain performance metrics are not met.
F2 Includes shares acquired pursuant to the Issuer's 401(k) Plan since last report of common stock ownership.