Martin A. Schroeter - 01 Feb 2023 Form 4 Insider Report for Merchants Bancorp (MBIN)

Role
President-Warehouse Lending
Signature
/s/ Terry A. Oznick, attorney-in-fact
Issuer symbol
MBIN
Transactions as of
01 Feb 2023
Net transactions value
-$72,180
Form type
4
Filing time
03 Feb 2023, 18:44:11 UTC
Previous filing
26 Jan 2023
Next filing
02 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Common Stock Tax liability $72,180 -2,402 -9.9% $30.05 21,846 01 Feb 2023 Direct F1, F2
holding MBIN Common Stock 339 01 Feb 2023 by ESOP F3
holding MBIN Series A Preferred Stock 1,600 01 Feb 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.