Michael J. Dunlap - Feb 1, 2024 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
Feb 1, 2024
Transactions value $
-$555,716
Form type
4
Date filed
2/2/2024, 04:10 PM
Previous filing
Jan 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Common Stock Tax liability -$556K -13.2K -6.65% $42.17 185K Feb 1, 2024 Direct F1, F2
holding MBIN Series B Depositary Shares 1.5K Feb 1, 2024 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 59,686 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 29,504 vesting 2/1/2025; 18,559 vesting 2/1/2026, and 11,623 vesting 2/1/2027.