Scott A. Evans - Jan 28, 2025 Form 4 Insider Report for Merchants Bancorp (MBIN)

Role
Lynn Market President, Director
Signature
/s/ Terry A. Oznick, attorney-in-fact
Stock symbol
MBIN
Transactions as of
Jan 28, 2025
Transactions value $
-$1,077,500
Form type
4
Date filed
1/29/2025, 04:38 PM
Previous filing
Feb 2, 2024
Next filing
Feb 4, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Common Stock Award $0 +4.48K +9.3% $0.00 52.6K Jan 28, 2025 Direct F1, F2
transaction MBIN Common Stock Sale -$1.08M -25K -47.52% $43.10 27.6K Jan 29, 2025 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vesting and shares are issued: 1,492 vesting 2/1/2026; 1,492 vesting 2/1/2027, and 1,492 vesting 2/1/2028.
F2 Includes 18,144 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 6,981 vesting 2/1/2025; 5,636 vesting 2/1/2026; 4,035 vesting 2/1/2027, and 1,492 vesting 2/1/2028.
F3 Sales were pursuant to a 10b5-1 stock trading plan dated August 7, 2024
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.00 to $43.82 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, 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 range set forth in this footnote.