Merchants Bancorp — Director's Dealing 2020

May 15, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Merchants Bancorp (MBIN)
CIK: 0001629019
Period of Report: 2020-05-13

Reporting Person: O'Brien Patrick D. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-13	Common Stock	P	1000	$13.87	Acquired	69821	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Preferred Stock	20000	Direct
Series A Preferred Stock	80000	Indirect
8 % Non-Cumulative, Perpetual Preferred Stock	1000	Direct