DAVID B. RAMAKER - 20 Jan 2023 Form 4 Insider Report for MERCANTILE BANK CORP (MBWM)

Role: Director
Signature: /s/ Bradley J. Wyatt, Attorney-in-Fact
Issuer symbol: MBWM
Transactions as of: 20 Jan 2023
Net transactions value: +$49,995
Form type: 4
Filing time: 20 Jan 2023, 15:58:49 UTC
Previous filing: 22 Aug 2022
Next filing: 24 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MBWM	Common Stock	Purchase	$49,995	+1,500	+25%	$33.33	7,394	20 Jan 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were acquired in three transactions at prices ranging from $32.93 to $33.44, inclusive. The reporting person undertakes to provide to Mercantile Bank Corporation, any security holder of Mercantile Bank Corporation, 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 ranges set forth in this footnote.

Content

The price reported in Column 4 is a weighted average price. These shares were acquired in three transactions at prices ranging from $32.93 to $33.44, inclusive. The reporting person undertakes to provide to Mercantile Bank Corporation, any security holder of Mercantile Bank Corporation, 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 ranges set forth in this footnote.