Martin A. Schroeter - Feb 1, 2023 Form 4 Insider Report for Merchants Bancorp (MBIN)

Role
President-Warehouse Lending
Signature
/s/ Terry A. Oznick, attorney-in-fact
Stock symbol
MBIN
Transactions as of
Feb 1, 2023
Transactions value $
-$72,180
Form type
4
Date filed
2/3/2023, 06:44 PM
Previous filing
Jan 26, 2023
Next filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Common Stock Tax liability -$72.2K -2.4K -9.91% $30.05 21.8K Feb 1, 2023 Direct F1, F2
holding MBIN Common Stock 339 Feb 1, 2023 by ESOP F3
holding MBIN Series A Preferred Stock 1.6K Feb 1, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations.
F2 Includes 14,600 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 8,560 vesting 2/1/2024; 4,439 vesting 2/1/2025; and 1,601 vesting 2/1/2026.
F3 Share number has been updated to reflect 2022 stock split.