Merchants Bancorp — Director's Dealing 2025

Jan 6, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Merchants Bancorp (MBIN)
CIK: 0001629019
Period of Report: 2025-01-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-01-02	Series B Depositary Shares	D	21021.00	$25.00	Disposed	0.00	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1990545.00	Direct
Common Stock	2111868.00	Indirect
Common Stock	1425000.00	Indirect
Common Stock	1425000.00	Indirect
Common Stock	2611424.00	Indirect
Common Stock	2482616.00	Indirect
Common Stock	674729.00	Indirect
Series C Depositary Shares	100000.00	Direct

Footnotes

F1: Redemption by the issuer of all outstanding shares of Series B preferred stock (including all associated depositary shares representing a 1/40th interest therein) at the liquidation preference prescribed by the issuer's Articles.

F2: Includes 70,541 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.