Merchants Bancorp — Director's Dealing 2023

Aug 9, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Merchants Bancorp (MBIN)
CIK: 0001629019
Period of Report: 2023-08-07

Reporting Person: Petrie Michael F. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-08-07	Series B Depositary Shares	P	1200.00	$22.14	Acquired	3921.00	Direct
2023-08-08	Series B Depositary Shares	P	17100.00	$22.15	Acquired	21021.00	Direct
2023-08-08	Common Stock	S	11778.00	$31.70	Disposed	2047224.00	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	517.41	Indirect
Common Stock	2111868.00	Indirect
Common Stock	1425000.00	Indirect
Common Stock	3589185.00	Indirect
Common Stock	1425000.00	Indirect
Common Stock	2482616.00	Indirect
Common Stock	653429.00	Indirect
Series C Depositary Shares	100000.00	Direct

Footnotes

F1: The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.00 to $22.15 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 purchased at each separate price within the range set forth in this footnote.

F2: Includes 70,207 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 38,893 vesting 2/1/2024; 22,244 vesting 2/1/2025; and 9,070 vesting 2/1/2026.