Michael F. Petrie - Dec 4, 2025 Form 4 Insider Report for Merchants Bancorp (MBIN)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Terry A. Oznick, attorney-in-fact
Stock symbol
MBIN
Transactions as of
Dec 4, 2025
Transactions value $
-$119,970
Form type
4
Date filed
12/5/2025, 05:17 PM
Previous filing
Dec 3, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Petrie Michael F. Chairman and CEO, Director, 10%+ Owner 410 MONON BOULEVARD, CARMEL /s/ Terry A. Oznick, attorney-in-fact 2025-12-05 0001718348

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBIN Series C Depositary Shares Sale -$59.5K -3.11K -3.91% $19.14 76.3K Dec 4, 2025 Direct F1
transaction MBIN Series C Depositary Shares Sale -$60.5K -3.16K -4.14% $19.14 73.2K Dec 5, 2025 Direct F2
holding MBIN Common Stock 1.92M Dec 4, 2025 Direct F3
holding MBIN Common Stock 2.11M Dec 4, 2025 By Spouse
holding MBIN Common Stock 1.43M Dec 4, 2025 Spouse is Trustee of the Emily J. Petrie Irrevocable GST Trust 2010
holding MBIN Common Stock 2.61M Dec 4, 2025 Spouse is Trustee of the Emily J. Petrie Irrevocable Trust - 2010
holding MBIN Common Stock 1.43M Dec 4, 2025 Spouse is Trustee of the Julia L. Petrie Irrevocable GST Trust 2010
holding MBIN Common Stock 2.41M Dec 4, 2025 Spouse is Trustee of the Julia L. Petrie Irrevocable Trust - 2010
holding MBIN Common Stock 725K Dec 4, 2025 Spouse is Trustee of The Petrie Grandchildren Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.05 to $19.15 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 sold at each separate price within the range set forth in this footnote.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.05 to $19.20 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 sold at each separate price within the range set forth in this footnote.
F3 Includes 58,203 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 29,807 vesting 2/1/2026; 20,736 vesting 2/1/2027, and 7,660 vesting 2/1/2028.