Merchants Bancorp — Director's Dealing 2023

Jan 26, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Merchants Bancorp (MBIN)
CIK: 0001629019
Period of Report: 2023-01-24

Reporting Person: Dunlap Michael J. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-24	Common Stock	A	20809.00	$0.00	Acquired	171932.00	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	349.76	Indirect

Footnotes

F1: Unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vesting and shares are issued: 6,937 vesting 2/1/2024; 6,936 vesting 2/1/2025, and 6,936 vesting 2/1/2026.

F2: Includes 87,169 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 31,152 vesting 2/1/2023; 31,200 vesting 2/1/2024; 17,881 vesting 2/1/2025; and 6,936 vesting 2/1/2026.