Michael H. Price - 26 Jul 2023 Form 4 Insider Report for MERCANTILE BANK CORP (MBWM)

Role
Director
Signature
/s/ Bradley J. Wyatt, Attorney-in-Fact
Issuer symbol
MBWM
Transactions as of
26 Jul 2023
Net transactions value
-$137,160
Form type
4
Filing time
28 Jul 2023, 18:19:36 UTC
Previous filing
15 Jun 2023
Next filing
24 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBWM Common Stock Sale $68,500 -2,000 -5.9% $34.25 32,080 26 Jul 2023 Direct F1
transaction MBWM Common Stock Sale $68,660 -2,000 -6.2% $34.33 30,080 26 Jul 2023 Direct
holding MBWM Common Stock 17,032 26 Jul 2023 In 401(k) plan F2
holding MBWM Common Stock 13,511 26 Jul 2023 IRA F3

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) 2,000 26 Jul 2023 Common Stock 2,000 $36.22 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The previous Form 4 filed on June 15, 2023 inadvertently accounted for 2,000 unexercised option shares in the total direct holdings. As a result, this Form 4 reduces direct holdings by 2,000 shares in addition to the shares reported as disposed herein.
F2 Includes shares acquired pursuant to the issuer's 401(k) Plan since last report of common stock ownership.
F3 Includes shares acquired pursuant to dividend reinvestment plan since last report of common stock ownership.