Patrick D. O'Brien - Aug 17, 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
Aug 17, 2023
Transactions value $
$12,522
Form type
4
Date filed
8/21/2023, 08:49 AM
Previous filing
Jun 14, 2023
Next filing
Nov 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Common Stock Award $12.5K +416 +0.36% $30.10 115K Aug 17, 2023 Direct F1
holding MBIN Series A Preferred Stock 23K Aug 17, 2023 Direct
holding MBIN Series A Preferred Stock 80K Aug 17, 2023 by O'Brien Motors, Inc.
holding MBIN Series B depositary shares 6K Aug 17, 2023 Direct
holding MBIN Series B Depositary Shares 4K Aug 17, 2023 by O'Brien Motors, Inc.
holding MBIN Series C Depositary Shares 43.7K Aug 17, 2023 Direct
holding MBIN Series C Depositary Shares 40K Aug 17, 2023 by O'Brien Motors, Inc.
holding MBIN Series D Depositary Shares 40K Aug 17, 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.