David N. Shane - Feb 16, 2023 Form 4 Insider Report for Merchants Bancorp (MBIN)

Role
Director
Signature
/s/ Terry A. Oznick, attorney-in-fact
Stock symbol
MBIN
Transactions as of
Feb 16, 2023
Transactions value $
$12,528
Form type
4
Date filed
2/27/2023, 08:36 PM
Previous filing
Nov 17, 2022
Next filing
May 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Common Stock Award $12.5K +409 +2.32% $30.63 18K Feb 16, 2023 Direct F1
holding MBIN Series A Preferred Stock 1K Feb 16, 2023 Direct
holding MBIN Series C Depositary Shares 2K Feb 16, 2023 Direct
holding MBIN Series D Depositary Shares 2K Feb 16, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This award represents the equity portion of the Reporting Person's quarterly retainer for service as a director of the Issuer. The number of shares awarded was determined by dividing the dollar value of the equity portion by the price shown, which was the closing price of one share of the Issuer's common stock on the day immediately prior to the most recent scheduled quarterly board meeting, and rounding up to the next whole share.