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

Role: EXECUTIVE VICE PRESIDENT
Signature: /s/ Bradley J. Wyatt, Attorney-in-Fact
Stock symbol: MBWM
Transactions as of: Dec 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/19/2022, 03:02 PM
Previous filing: Feb 18, 2022
Next filing: Dec 30, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MBWM	Common Stock	Award	$0	+7.55K	+19.39%	$0.00	46.5K	Dec 15, 2022	Direct	F1
holding	MBWM	Common Stock						20.3K	Dec 15, 2022	In 401(k) Plan
holding	MBWM	Common Stock						2.15K	Dec 15, 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	Dec 15, 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.