Robert B. Kaminski - Sep 3, 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
Sep 3, 2024
Transactions value $
-$11,513
Form type
4
Date filed
9/4/2024, 06:13 PM
Previous filing
Aug 5, 2024
Next filing
Oct 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBWM Common Stock Sale -$11.5K -250 -0.26% $46.05 95K Sep 3, 2024 Direct F1
holding MBWM Common Stock 29.6K Sep 3, 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.