Michael F. Petrie - 02 Jan 2025 Form 4 Insider Report for Merchants Bancorp (MBIN)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Terry A. Oznick, attorney-in-fact
Issuer symbol
MBIN
Transactions as of
02 Jan 2025
Net transactions value
-$525,525
Form type
4
Filing time
06 Jan 2025, 17:56:30 UTC
Previous filing
13 Dec 2024
Next filing
29 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Series B Depositary Shares Disposed to Issuer $525,525 -21,021 -100% $25.00 0 02 Jan 2025 Direct F1
holding MBIN Common Stock 1,990,545 02 Jan 2025 Direct F2
holding MBIN Common Stock 2,111,868 02 Jan 2025 By Spouse
holding MBIN Common Stock 1,425,000 02 Jan 2025 Spouse is Trustee of the Emily J. Petrie Irrevocable GST Trust 2010
holding MBIN Common Stock 1,425,000 02 Jan 2025 Spouse is Trustee of the Julia L. Petrie Irrevocable GST Trust 2010
holding MBIN Common Stock 2,611,424 02 Jan 2025 Spouse is Trustee of the Emily J. Petrie Irrevocable Trust - 2010
holding MBIN Common Stock 2,482,616 02 Jan 2025 Spouse is Trustee of the Julia L. Petrie Irrevocable Trust - 2010
holding MBIN Common Stock 674,729 02 Jan 2025 Spouse is Trustee of The Petrie Grandchildren Trust
holding MBIN Series C Depositary Shares 100,000 02 Jan 2025 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 B preferred stock (including all associated depositary shares representing a 1/40th interest therein) at the liquidation preference prescribed by the issuer's Articles.
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.