Michael F. Petrie - Jan 2, 2025 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
Jan 2, 2025
Transactions value $
-$525,525
Form type
4
Date filed
1/6/2025, 05:56 PM
Previous filing
Dec 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Series B Depositary Shares Disposed to Issuer -$526K -21K -100% $25.00 0 Jan 2, 2025 Direct F1
holding MBIN Common Stock 1.99M Jan 2, 2025 Direct F2
holding MBIN Common Stock 2.11M Jan 2, 2025 By Spouse
holding MBIN Common Stock 1.43M Jan 2, 2025 Spouse is Trustee of the Emily J. Petrie Irrevocable GST Trust 2010
holding MBIN Common Stock 1.43M Jan 2, 2025 Spouse is Trustee of the Julia L. Petrie Irrevocable GST Trust 2010
holding MBIN Common Stock 2.61M Jan 2, 2025 Spouse is Trustee of the Emily J. Petrie Irrevocable Trust - 2010
holding MBIN Common Stock 2.48M Jan 2, 2025 Spouse is Trustee of the Julia L. Petrie Irrevocable Trust - 2010
holding MBIN Common Stock 675K Jan 2, 2025 Spouse is Trustee of The Petrie Grandchildren Trust
holding MBIN Series C Depositary Shares 100K Jan 2, 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.