Michael R. Dury - 31 Jul 2024 Form 4 Insider Report for Merchants Bancorp (MBIN)

Signature
/s/ Terry A. Oznick, attorney-in-fact
Issuer symbol
MBIN
Transactions as of
31 Jul 2024
Net transactions value
+$268,944
Form type
4
Filing time
31 Jul 2024, 21:50:42 UTC
Previous filing
20 May 2024
Next filing
05 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Common Stock Purchase $70,768 +1,600 +1.9% $44.23 84,193 31 Jul 2024 Direct F1, F2
transaction MBIN Common Stock Purchase $198,176 +4,400 +5.2% $45.04 88,593 31 Jul 2024 Direct F2, F3
holding MBIN Common Stock 18,200 31 Jul 2024 Trustee of the Michael R. Dury GRAT - 2023
holding MBIN Series C Depositary Shares 26,000 31 Jul 2024 Direct
holding MBIN Series D Depositary Shares 4,000 31 Jul 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $43.70 to $44.67 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
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.
F3 The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $44.70 to $45.64 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.