Merchants Bancorp — Director's Dealing 2024

Feb 2, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Merchants Bancorp (MBIN)
CIK: 0001629019
Period of Report: 2024-02-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-01	Common Stock	F	16843.00	$42.17	Disposed	2048895.00	Direct
2024-02-02	Common Stock	G	12800.00	$0.00	Disposed	2023295.00	Direct
2024-02-02	Common Stock	G	2151.00	$0.00	Disposed	3587034.00	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2111868.00	Indirect
Common Stock	1425000.00	Indirect
Common Stock	1425000.00	Indirect
Common Stock	2482616.00	Indirect
Common Stock	666229.00	Indirect
Series B Depositary Shares	21021.00	Direct
Series C Depositary Shares	100000.00	Direct

Footnotes

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

F2: Includes 70,601 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 35,319 vesting 2/1/2025; 22,146 vesting 2/1/2026, and 13,076 vesting 2/1/2027.

F3: See footnote 2