Martin A. Schroeter - Apr 1, 2024 Form 4 Insider Report for Merchants Bancorp (MBIN)

Role
President-Warehouse Lending
Signature
/s/ Terry A. Oznick, attorney-in-fact
Stock symbol
MBIN
Transactions as of
Apr 1, 2024
Transactions value $
-$40,000
Form type
4
Date filed
5/20/2024, 08:42 AM
Previous filing
Feb 2, 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 -$40K -1.6K -100% $25.00 0 Apr 1, 2024 Direct F1
holding MBIN Common Stock 18.8K Apr 1, 2024 Direct F2
* 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 6,040 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 4,439 vesting 2/1/2025 and 1,601 vesting 2/1/2026