Eva D. Scurlock - 12 Feb 2026 Form 4 Insider Report for FIRST MERCHANTS CORP (FRME)

Role: Chief Risk Officer
Signature: Paul Cento (Confirming Statement on File)
Issuer symbol: FRME
Transactions as of: 12 Feb 2026
Net transactions value: +$110,628
Form type: 4
Filing time: 13 Feb 2026, 17:26:37 UTC
Previous filing: 09 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Scurlock Eva D.	Chief Risk Officer	200 EAST JACKSON ST, MUNCIE	Paul Cento (Confirming Statement on File)	13 Feb 2026	0001736594

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FRME	Common Stock	Options Exercise	$124,002	+4,762	+24%	$26.04	24,825	12 Feb 2026	Direct	F1
transaction	FRME	Common Stock	Options Exercise	$14,839	+681	+2.7%	$21.79	25,506	12 Feb 2026	Direct	F1
transaction	FRME	Common Stock	Options Exercise	$130,435	+5,986	+23%	$21.79	31,492	12 Feb 2026	Direct	F1
transaction	FRME	Common Stock	Tax liability	$158,648	-3,810	-12%	$41.64	27,682	12 Feb 2026	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FRME	Employee Stock Option - Right to Buy	Options Exercise	$0	-4,762	-100%	$0.000000	0	12 Feb 2026	Common Stock	4,762	$26.04	Direct
transaction	FRME	Employee Stock Option - Right to Buy	Options Exercise	$0	-681	-100%	$0.000000	0	12 Feb 2026	Common Stock	681	$21.79	Direct
transaction	FRME	Employee Stock Option - Right to Buy	Options Exercise	$0	-5,986	-100%	$0.000000	0	12 Feb 2026	Common Stock	5,986	$21.79	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes Restricted Stock Awards totaling 9,842.109 shares.