Form 4 for MBIN Merchants Bancorp

Accepted 2026-02-27 00:00:00 ET · period of report 2026-02-25 · accession 0001718348-26-000007 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
M	2026-02-27	2026-02-25+	MBIN	Petrie Michael F.	COB, CEO, Dir, 10%	S - Sale	$32.46	-29.2K	2,958	-91%	-$949.3K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2026-02-26	S	D	15,000	$44.05	1,893,328	D	—	—	(F2) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.05 to $44.00 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 sold at each separate price within the range set forth in this footnote. (F3) Includes 48,961 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 27,591 vesting 2/1/2027; 14,515 vesting 2/1/2028; and 6,855 vesting 2/1/2029.
2	Common	Series C Depositary Shares	2026-02-25	S	D	377	$20.20	16,829	D	—	—
3	Common	Series C Depositary Shares	2026-02-26	S	D	13,871	$20.25	2,958	D	—	—	(F1) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.20 to $20.33 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 sold at each separate price within the range set forth in this footnote.