Michael J. Dunlap - May 4, 2023 Form 4 Insider Report for Merchants Bancorp (MBIN)

Role
President, COO, Director
Signature
/s/ Terry A. Oznick, attorney-in-fact
Stock symbol
MBIN
Transactions as of
May 4, 2023
Transactions value $
$81,575
Form type
4
Date filed
5/4/2023, 04:31 PM
Previous filing
Feb 3, 2023
Next filing
Jan 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Common Stock Purchase $55.3K +2.5K +1.56% $22.13 163K May 4, 2023 Direct F1, F2
transaction MBIN Series B Depositary Shares Purchase $26.3K +1.5K $17.50 1.5K May 4, 2023 Direct F3
holding MBIN Common Stock 516 May 4, 2023 by ESOP
* 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 $21.99 to $22.30 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 56,017 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 31,200 vesting 2/1/2024; 17,881 vesting 2/1/2025; and 6,936 vesting 2/1/2026.
F3 The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $17.30 to $17.67 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.