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Merchants Bancorp Director's Dealing 2025

Jan 29, 2025

31932_dirs_2025-01-29_eaee66c3-3c79-466b-a3c2-617dc3c0edd5.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Merchants Bancorp (MBIN)
CIK: 0001629019
Period of Report: 2025-01-28

Reporting Person: Evans Scott A. (N/A)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-01-28 Common Stock A 4476.00 $0.00 Acquired 52606.00 Direct
2025-01-29 Common Stock S 25000.00 $43.10 Disposed 27606.00 Direct

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: 1,492 vesting 2/1/2026; 1,492 vesting 2/1/2027, and 1,492 vesting 2/1/2028.

F2: Includes 18,144 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 6,981 vesting 2/1/2025; 5,636 vesting 2/1/2026; 4,035 vesting 2/1/2027, and 1,492 vesting 2/1/2028.

F3: Sales were pursuant to a 10b5-1 stock trading plan dated August 7, 2024

F4: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.00 to $43.82 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.