Michael R. Dury - Apr 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
Apr 1, 2024
Transactions value $
-$100,000
Form type
4
Date filed
5/20/2024, 08:42 AM
Previous filing
Feb 2, 2024
Next filing
Jul 31, 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 -$100K -4K -100% $25.00 0 Apr 1, 2024 Direct F1
holding MBIN Common Stock 82.6K Apr 1, 2024 Direct F2
holding MBIN Common Stock 18.2K Apr 1, 2024 Trustee of the Michael R. Dury GRAT - 2023
holding MBIN Series C Depositary Shares 26K Apr 1, 2024 Direct
holding MBIN Series D Depositary Shares 4K Apr 1, 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.