Raymond E. Reitsma - 15 Dec 2022 Form 4 Insider Report for MERCANTILE BANK CORP (MBWM)

Role: EXECUTIVE VICE PRESIDENT
Signature: /s/ Bradley J. Wyatt, Attorney-in-Fact
Issuer symbol: MBWM
Transactions as of: 15 Dec 2022
Net transactions value: $0
Form type: 4
Filing time: 19 Dec 2022, 15:02:03 UTC
Previous filing: 18 Feb 2022
Next filing: 30 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MBWM	Common Stock	Award	$0	+7,551	+19%	$0.000000	46,502	15 Dec 2022	Direct	F1
holding	MBWM	Common Stock						20,348	15 Dec 2022	In 401(k) Plan
holding	MBWM	Common Stock						2,153	15 Dec 2022	In Roth IRA

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
holding	MBWM	Employee Stock Option (right to buy)						500	15 Dec 2022	Common Stock	500	$36.22	Direct

* 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.