Michael R. Dury - 30 Jul 2025 Form 4 Insider Report for Merchants Bancorp (MBIN)

Role
CEO of Merchants Capital
Signature
/s/ Terry A. Oznick, attorney-in-fact
Issuer symbol
MBIN
Transactions as of
30 Jul 2025
Net transactions value
+$504,936
Form type
4
Filing time
31 Jul 2025, 20:57:07 UTC
Previous filing
02 May 2025
Next filing
03 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Dury Michael R. CEO of Merchants Capital 410 MONON BOULEVARD, CARMEL /s/ Terry A. Oznick, attorney-in-fact 31 Jul 2025 0001718356

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Common Stock Purchase $370,009 +11,765 +11% $31.45 118,339 30 Jul 2025 Direct F1, F2
transaction MBIN Common Stock Purchase $134,927 +4,235 +3.6% $31.86 122,574 30 Jul 2025 Direct F2, F3
holding MBIN Common Stock 18,200 30 Jul 2025 Trustee of the Michael R. Dury GRAT - 2023
holding MBIN Series C Depositary Shares 26,000 30 Jul 2025 Direct
holding MBIN Series D Depositary Shares 4,000 30 Jul 2025 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 $30.83 to $31.83 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 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.
F3 The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $31.83 to $31.92 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.