Michael R. Dury - 01 Apr 2024 Form 4 Insider Report for Merchants Bancorp (MBIN)

Signature
/s/ Terry A. Oznick, attorney-in-fact
Issuer symbol
MBIN
Transactions as of
01 Apr 2024
Net transactions value
-$100,000
Form type
4
Filing time
20 May 2024, 08:42:00 UTC
Previous filing
02 Feb 2024
Next filing
31 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Series A Preferred Stock Disposed to Issuer $100,000 -4,000 -100% $25.00 0 01 Apr 2024 Direct F1
holding MBIN Common Stock 82,593 01 Apr 2024 Direct F2
holding MBIN Common Stock 18,200 01 Apr 2024 Trustee of the Michael R. Dury GRAT - 2023
holding MBIN Series C Depositary Shares 26,000 01 Apr 2024 Direct
holding MBIN Series D Depositary Shares 4,000 01 Apr 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Redemption by the issuer of all outstanding shares of Series A preferred stock at the liquidation preference prescribed by the issuer's Articles.
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.