Patrick D. O'Brien - Jun 13, 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: Jun 13, 2023
Transactions value $: $100,140
Form type: 4
Date filed: 6/14/2023, 04:05 PM
Previous filing: May 22, 2023
Next filing: Aug 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MBIN	Series A Preferred Stock	Purchase	$68.2K	+3K	+15%	$22.72	23K	Jun 13, 2023	Direct	F1
transaction	MBIN	Series B depositary shares	Purchase	$32K	+1.5K	+33.33%	$21.32	6K	Jun 13, 2023	Direct	F2
holding	MBIN	Common Stock						114K	Jun 13, 2023	Direct
holding	MBIN	Series A Preferred Stock						80K	Jun 13, 2023	by O'Brien Motors, Inc.
holding	MBIN	Series B Depositary Shares						4K	Jun 13, 2023	by O'Brien Motors, Inc.
holding	MBIN	Series C Depositary Shares						43.7K	Jun 13, 2023	Direct
holding	MBIN	Series C Depositary Shares						40K	Jun 13, 2023	by O'Brien Motors, Inc.
holding	MBIN	Series D Depositary Shares						40K	Jun 13, 2023	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 $22.68 to $22.79 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	The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.25 to $20.35 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.

Content

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.68 to $22.79 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.

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.25 to $20.35 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.