Nelson F. Sanchez - 26 Feb 2025 Form 4 Insider Report for MERCANTILE BANK CORP (MBWM)

Role: Director
Signature: /s/ Adin J. Tarr, Attorney-in-Fact
Issuer symbol: MBWM
Transactions as of: 26 Feb 2025
Net transactions value: +$5,233
Form type: 4
Filing time: 28 Feb 2025, 19:00:08 UTC
Previous filing: 24 Feb 2025
Next filing: 27 May 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MBWM	Common Stock	Purchase	$9,964	+212	+9.3%	$47.00	2,502	26 Feb 2025	IRA
transaction	MBWM	Common Stock	Sale	$4,731	-100	-4.3%	$47.31	2,216	26 Feb 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person's sale of Mercantile Bank Corporation's common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 100 shares, with the Reporting Person's purchase of 100 shares of Mercantile Bank Corporation's common stock at a price of $47.00 per share on February 26, 2025. The Reporting Person has agreed to pay to Mercantile Bank Corporation $31.00, representing the full amount of the profit realized in connection with the short-swing transaction, with no deduction for selling expenses.

Content

The Reporting Person's sale of Mercantile Bank Corporation's common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 100 shares, with the Reporting Person's purchase of 100 shares of Mercantile Bank Corporation's common stock at a price of $47.00 per share on February 26, 2025. The Reporting Person has agreed to pay to Mercantile Bank Corporation $31.00, representing the full amount of the profit realized in connection with the short-swing transaction, with no deduction for selling expenses.