Michael R. Dury - Feb 1, 2024 Form 4 Insider Report for Merchants Bancorp (MBIN)

Role
CEO of Merchants Capital
Signature
/s/ Terry A. Oznick, attorney-in-fact
Stock symbol
MBIN
Transactions as of
Feb 1, 2024
Transactions value $
-$155,692
Form type
4
Date filed
2/2/2024, 04:10 PM
Previous filing
Jan 26, 2024
Next filing
May 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Common Stock Tax liability -$156K -3.69K -4.28% $42.17 82.6K Feb 1, 2024 Direct F1, F2
holding MBIN Common Stock 18.2K Feb 1, 2024 Trustee of the Michael R. Dury GRAT - 2023
holding MBIN Series A Preferred Stock 4K Feb 1, 2024 Direct
holding MBIN Series C Depositary Shares 26K Feb 1, 2024 Direct
holding MBIN Series D Depositary Shares 4K 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 16,584 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 8,540 vesting 2/1/2025; 4,993 vesting 2/1/2026, and 3,051 vesting 2/1/2027.