Merchants Bancorp — Director's Dealing 2023

Nov 16, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Merchants Bancorp (MBIN)
CIK: 0001629019
Period of Report: 2023-11-15

Reporting Person: JUSTER ANDREW (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-15	Common Stock	A	388.00	$32.28	Acquired	21629.00	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Preferred Stock	8000.00	Direct
Series C Depositary Shares	20000.00	Direct
Series D Depositary Shares	12000.00	Direct

Footnotes

F1: This award represents the equity portion of the Reporting Person's quarterly retainer for service as a director of the Issuer. The number of shares awarded was determined by dividing the dollar value of the equity portion by the price shown, which was the closing price of one share of the Issuer's common stock on the day immediately prior to the most recent scheduled quarterly board meeting, and rounding up to the next whole share.