Michael R. Dury - Feb 1, 2025 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
Feb 1, 2025
Transactions value $
-$157,573
Form type
4
Date filed
2/4/2025, 05:45 PM
Previous 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 Common Stock Tax liability -$158K -3.76K -3.69% $41.93 98.1K Feb 1, 2025 Direct F1, F2
holding MBIN Common Stock 18.2K Feb 1, 2025 Trustee of the Michael R. Dury GRAT - 2023
holding MBIN Series C Depositary Shares 26K Feb 1, 2025 Direct
holding MBIN Series D Depositary Shares 4K Feb 1, 2025 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations.
F2 Includes 13,378 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 6,771 vesting 2/1/2026; 4,829 vesting 2/1/2027, and 1,778 vesting 2/1/2028.