Michael F. Petrie - Aug 27, 2024 Form 4 Insider Report for Merchants Bancorp (MBIN)

Role: Chairman and CEO, Director, 10%+ Owner
Signature: /s/ Terry A. Oznick, attorney-in-fact
Stock symbol: MBIN
Transactions as of: Aug 27, 2024
Transactions value $: -$999,747
Form type: 4
Date filed: 8/28/2024, 09:34 PM
Previous filing: Feb 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MBIN	Common Stock	Sale	-$1M	-22.1K	-1.1%	$45.34	1.99M	Aug 27, 2024	Direct	F1, F2
holding	MBIN	Common Stock						2.11M	Aug 27, 2024	By Spouse
holding	MBIN	Common Stock						1.43M	Aug 27, 2024	Spouse is Trustee of the Emily J. Petrie Irrevocable GST Trust 2010
holding	MBIN	Common Stock						3.59M	Aug 27, 2024	Spouse is Trustee of the Emily J. Petrie Irrevocable Trust - 2010
holding	MBIN	Common Stock						1.43M	Aug 27, 2024	Spouse is Trustee of the Julia L. Petrie Irrevocable GST Trust 2010
holding	MBIN	Common Stock						2.48M	Aug 27, 2024	Spouse is Trustee of the Julia L. Petrie Irrevocable Trust - 2010
holding	MBIN	Common Stock						675K	Aug 27, 2024	Spouse is Trustee of The Petrie Grandchildren Trust
holding	MBIN	Series B Depositary Shares						21K	Aug 27, 2024	Direct
holding	MBIN	Series C Depositary Shares						100K	Aug 27, 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 sold in multiple transactions at prices ranging from $45.35 to $45.43 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 70,541 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 35,319 vesting 2/1/2025; 22,146 vesting 2/1/2026, and 13,076 vesting 2/1/2027.

Content

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.35 to $45.43 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.

Includes 70,541 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 35,319 vesting 2/1/2025; 22,146 vesting 2/1/2026, and 13,076 vesting 2/1/2027.