Michael R. Dury - Nov 2, 2023 Form 4 Insider Report for Merchants Bancorp (MBIN)

Role: CEO of Merchants Capital
Signature: /s/ Terry A. Oznick, attorney-in-fact
Stock symbol: MBIN
Transactions as of: Nov 2, 2023
Transactions value $: $255,640
Form type: 4
Date filed: 11/3/2023, 05:21 PM
Previous filing: Feb 3, 2023
Next filing: Jan 26, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MBIN	Series C Depositary Shares	Purchase	$256K	+14K	+116.67%	$18.26	26K	Nov 2, 2023	Direct
holding	MBIN	Common Stock						77.1K	Nov 2, 2023	Direct	F1
holding	MBIN	Common Stock						519	Nov 2, 2023	By ESOP
holding	MBIN	Common Stock						18.2K	Nov 2, 2023	Trustee of the Michael R. Dury GRAT - 2023
holding	MBIN	Series A Preferred Stock						4K	Nov 2, 2023	Direct
holding	MBIN	Series D Depositary Shares						4K	Nov 2, 2023	Direct

Showing 1 to 6 of 6 entries

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

Explanation of Responses:

Id	Content
F1	Includes 15,807 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 8,376 vesting 2/1/2024; 5,489 vesting 2/1/2025; and 1,942 vesting 2/1/2026.