Merchants Bancorp — Director's Dealing 2021

May 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Merchants Bancorp (MBIN)
CIK: 0001629019
Period of Report: 2021-04-15

Reporting Person: Rogers Randall D. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-15	8% Non-Cumulative, Perpetual Preferred Stock	D	5000.00	$1000.00	Disposed	0.00	Direct
2021-05-06	Series C Depositary Shares	A	200000.00	$25.00	Acquired	200000.00	Direct
2021-05-06	Series C Depositary Shares	A	22000.00	$25.00	Acquired	22000.00	Indirect
2021-05-06	Series C Depositary Shares	A	26000.00	$25.00	Acquired	26000.00	Indirect
2021-05-06	Series C Depositary Shares	A	20000.00	$25.00	Acquired	20000.00	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	546786.00	Direct
Common Stock	582000.00	Indirect
Common Stock	582000.00	Indirect
Common Stock	582000.00	Indirect