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

Role
Director
Signature
/s/ Bradley J. Wyatt, Attorney-in-Fact
Stock symbol
MBWM
Transactions as of
Jul 26, 2023
Transactions value $
-$137,160
Form type
4
Date filed
7/28/2023, 06:19 PM
Previous filing
Jun 15, 2023
Next filing
Jun 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBWM Common Stock Sale -$68.5K -2K -5.87% $34.25 32.1K Jul 26, 2023 Direct F1
transaction MBWM Common Stock Sale -$68.7K -2K -6.23% $34.33 30.1K Jul 26, 2023 Direct
holding MBWM Common Stock 17K Jul 26, 2023 In 401(k) plan F2
holding MBWM Common Stock 13.5K Jul 26, 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) 2K Jul 26, 2023 Common Stock 2K $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.