Robert B. Kaminski - Aug 2, 2024 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
Aug 2, 2024
Transactions value $
-$10,915
Form type
4
Date filed
8/5/2024, 07:00 PM
Previous filing
Jul 22, 2024
Next filing
Sep 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBWM Common Stock Sale -$10.9K -250 -0.26% $43.66 95.2K Aug 2, 2024 Direct F1
holding MBWM Common Stock 29.6K Aug 2, 2024 IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 2, 2024.