Merchants Bancorp — Director's Dealing 2023

May 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Merchants Bancorp (MBIN)
CIK: 0001629019
Period of Report: 2023-05-01

Reporting Person: Oznick Terry A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-01	Series B Depositary Shares	P	755.00	$19.69	Acquired	755.00	Direct
2023-05-02	Series B Depositary Shares	P	545.00	$18.51	Acquired	1300.00	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	23378.00	Direct
Common Stock	515.82	Indirect
Series D Depositary Shares	2000.00	Direct