Michael R. Dury - Dec 15, 2022 Form 4 Insider Report for Merchants Bancorp (MBIN)

Signature
/s/ Terry A. Oznick, attorney-in-fact
Stock symbol
MBIN
Transactions as of
Dec 15, 2022
Transactions value $
$233,890
Form type
4
Date filed
12/16/2022, 03:11 PM
Previous filing
Dec 14, 2022
Next filing
Jan 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Common Stock Purchase $234K +9.5K +9.2% $24.62 113K Dec 15, 2022 Direct F1, F2
holding MBIN Common Stock 349 Dec 15, 2022 By ESOP
holding MBIN Series A Preferred Stock 4K Dec 15, 2022 Direct
holding MBIN Series C Depositary Shares 12K Dec 15, 2022 Direct
holding MBIN Series D Depositary Shares 4K Dec 15, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $24.40 to $24.90 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F2 Includes 18,517 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 8,537 vesting 2/1/2023; 6,433 vesting 2/1/2024; and 3,547 vesting 2/1/2025.