Merchants Bancorp — Director's Dealing 2023

May 15, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Merchants Bancorp (MBIN)
CIK: 0001629019
Period of Report: 2023-05-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-10	Series C Depositary Shares	S	5000.00	$17.00	Disposed	115000.00	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2081582.00	Direct
Common Stock	515.82	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

Footnotes

F1: 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.