Michael F. Petrie - 10 Dec 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
10 Dec 2025
Transactions value $
-$270,883
Form type
4
Filing time
12 Dec 2025, 16:11:42 UTC
Previous filing
09 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Petrie Michael F. Chairman and CEO, Director, 10%+ Owner 410 MONON BOULEVARD, CARMEL /s/ Terry A. Oznick, attorney-in-fact 12 Dec 2025 0001718348

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Series C Depositary Shares Sale -$143K -7.54K -10.47% $19.00 64.5K 10 Dec 2025 Direct
transaction MBIN Series C Depositary Shares Sale -$101K -5.34K -8.27% $19.00 59.2K 11 Dec 2025 Direct
transaction MBIN Series C Depositary Shares Sale -$26.2K -1.38K -2.33% $19.00 57.8K 12 Dec 2025 Direct
holding MBIN Common Stock 1.92M 10 Dec 2025 Direct F1
holding MBIN Common Stock 2.11M 10 Dec 2025 By Spouse
holding MBIN Common Stock 1.43M 10 Dec 2025 Spouse is Trustee of the Emily J. Petrie Irrevocable GST Trust 2010
holding MBIN Common Stock 2.61M 10 Dec 2025 Spouse is Trustee of the Emily J. Petrie Irrevocable Trust - 2010
holding MBIN Common Stock 1.43M 10 Dec 2025 Spouse is Trustee of the Julia L. Petrie Irrevocable GST Trust 2010
holding MBIN Common Stock 2.41M 10 Dec 2025 Spouse is Trustee of the Julia L. Petrie Irrevocable Trust - 2010
holding MBIN Common Stock 725K 10 Dec 2025 Spouse is Trustee of The Petrie Grandchildren Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 58,203 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 29,807 vesting 2/1/2026; 20,736 vesting 2/1/2027, and 7,660 vesting 2/1/2028.