Michael R. Dury - 01 Feb 2025 Form 4 Insider Report for Merchants Bancorp (MBIN)

Signature
/s/ Terry A. Oznick, attorney-in-fact
Issuer symbol
MBIN
Transactions as of
01 Feb 2025
Net transactions value
-$157,573
Form type
4
Filing time
04 Feb 2025, 17:45:59 UTC
Previous filing
29 Jan 2025
Next filing
01 May 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Common Stock Tax liability $157,573 -3,758 -3.7% $41.93 98,069 01 Feb 2025 Direct F1, F2
holding MBIN Common Stock 18,200 01 Feb 2025 Trustee of the Michael R. Dury GRAT - 2023
holding MBIN Series C Depositary Shares 26,000 01 Feb 2025 Direct
holding MBIN Series D Depositary Shares 4,000 01 Feb 2025 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations.
F2 Includes 13,378 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 6,771 vesting 2/1/2026; 4,829 vesting 2/1/2027, and 1,778 vesting 2/1/2028.