Michael J. Dunlap - Jan 2, 2025 Form 4 Insider Report for Merchants Bancorp (MBIN)

Role
President, COO, Director
Signature
/s/ Terry A. Oznick, attorney-in-fact
Stock symbol
MBIN
Transactions as of
Jan 2, 2025
Transactions value $
-$37,500
Form type
4
Date filed
1/6/2025, 05:55 PM
Previous filing
Feb 2, 2024
Next filing
Jan 29, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Series B Depositary Shares Disposed to Issuer -$37.5K -1.5K -100% $25.00 0 Jan 2, 2025 Direct F1
holding MBIN Common Stock 185K Jan 2, 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Redemption by the issuer of all outstanding shares of Series B preferred stock (including all associated depositary shares representing a 1/40th interest therein) at the liquidation preference prescribed by the issuer's Articles.
F2 Includes 59,686 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 29,504 vesting 2/1/2025; 18,559 vesting 2/1/2026, and 11,623 vesting 2/1/2027.