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

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Terry A. Oznick, attorney-in-fact
Stock symbol
MBIN
Transactions as of
Feb 1, 2024
Transactions value $
-$710,269
Form type
4
Date filed
2/2/2024, 04:12 PM
Previous filing
Jan 26, 2024
Next filing
Aug 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Common Stock Tax liability -$710K -16.8K -0.82% $42.17 2.05M Feb 1, 2024 Direct F1, F2
transaction MBIN Common Stock Gift $0 -12.8K -0.63% $0.00 2.02M Feb 2, 2024 Direct F3
transaction MBIN Common Stock Gift $0 -2.15K -0.06% $0.00 3.59M Feb 2, 2024 Spouse is Trustee of the Emily J. Petrie Irrevocable Trust - 2010
holding MBIN Common Stock 2.11M Feb 1, 2024 By Spouse
holding MBIN Common Stock 1.43M Feb 1, 2024 Spouse is Trustee of the Emily J. Petrie Irrevocable GST Trust 2010
holding MBIN Common Stock 1.43M Feb 1, 2024 Spouse is Trustee of the Julia L. Petrie Irrevocable GST Trust 2010
holding MBIN Common Stock 2.48M Feb 1, 2024 Spouse is Trustee of the Julia L. Petrie Irrevocable Trust - 2010
holding MBIN Common Stock 666K Feb 1, 2024 Spouse is Trustee of The Petrie Grandchildren Trust
holding MBIN Series B Depositary Shares 21K Feb 1, 2024 Direct
holding MBIN Series C Depositary Shares 100K 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 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