David N. Shane - Apr 1, 2024 Form 4 Insider Report for Merchants Bancorp (MBIN)

Role
Director
Signature
/s/ Terry A. Oznick, attorney-in-fact
Stock symbol
MBIN
Transactions as of
Apr 1, 2024
Transactions value $
-$7,483
Form type
4
Date filed
5/20/2024, 08:41 AM
Previous filing
Feb 15, 2024
Next filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Common Stock Award $17.5K +407 +2.05% $43.04 20.2K May 16, 2024 Direct F1
transaction MBIN Series A Preferred Stock Disposed to Issuer -$25K -1K -100% $25.00 0 Apr 1, 2024 Direct F2
holding MBIN Series C Depositary Shares 2K Apr 1, 2024 Direct
holding MBIN Series D Depositary Shares 2K Apr 1, 2024 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.
F2 Redemption by the issuer of all outstanding shares of Series A preferred stock at the liquidation preference prescribed by the issuer's Articles.