Merchants Bancorp — Director's Dealing 2023

Feb 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Merchants Bancorp (MBIN)
CIK: 0001629019
Period of Report: 2023-02-01

Reporting Person: Kucer Susan Dehner (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-01	Common Stock	F	2422.00	$30.05	Disposed	42635.00	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	349.76	Indirect
Series A Preferred Stock	8000.00	Direct
Series C Depositary Shares	8000.00	Direct

Footnotes

F1: Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations.

F2: Includes 14,600 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 8,560 vesting 2/1/2024; 4,439 vesting 2/1/2025; and 1,601 vesting 2/1/2026.