Michael F. Petrie - 01 Feb 2024 Form 4 Insider Report for Merchants Bancorp (MBIN)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Terry A. Oznick, attorney-in-fact
Issuer symbol
MBIN
Transactions as of
01 Feb 2024
Net transactions value
-$710,269
Form type
4
Filing time
02 Feb 2024, 16:12:09 UTC
Previous filing
26 Jan 2024
Next filing
28 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Common Stock Tax liability $710,269 -16,843 -0.82% $42.17 2,048,895 01 Feb 2024 Direct F1, F2
transaction MBIN Common Stock Gift $0 -12,800 -0.63% $0.000000 2,023,295 02 Feb 2024 Direct F3
transaction MBIN Common Stock Gift $0 -2,151 -0.06% $0.000000 3,587,034 02 Feb 2024 Spouse is Trustee of the Emily J. Petrie Irrevocable Trust - 2010
holding MBIN Common Stock 2,111,868 01 Feb 2024 By Spouse
holding MBIN Common Stock 1,425,000 01 Feb 2024 Spouse is Trustee of the Emily J. Petrie Irrevocable GST Trust 2010
holding MBIN Common Stock 1,425,000 01 Feb 2024 Spouse is Trustee of the Julia L. Petrie Irrevocable GST Trust 2010
holding MBIN Common Stock 2,482,616 01 Feb 2024 Spouse is Trustee of the Julia L. Petrie Irrevocable Trust - 2010
holding MBIN Common Stock 666,229 01 Feb 2024 Spouse is Trustee of The Petrie Grandchildren Trust
holding MBIN Series B Depositary Shares 21,021 01 Feb 2024 Direct
holding MBIN Series C Depositary Shares 100,000 01 Feb 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 70,601 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 35,319 vesting 2/1/2025; 22,146 vesting 2/1/2026, and 13,076 vesting 2/1/2027.
F3 See footnote 2