Director at First Merchants (FRME) sells 20K shares in June trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST MERCHANTS CORP director Larry W. Myers reported open-market sales of common stock on consecutive days. He sold 10,000 shares at $41.50 per share on June 11, 2026, followed by another 10,000 shares at $42.00 per share on June 12, 2026, for total reported sales of 20,000 shares.
After these transactions, Myers directly holds 89,751 shares of common stock. He also has indirect holdings through a 401k account and a spousal IRA, which are reported separately in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20,000 shares ($835,000)
Net Sell
4 txns
Insider
Myers Larry W
Role
null
Sold
20,000 shs ($835K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $42.00 | $420K |
| Sale | Common Stock | 10,000 | $41.50 | $415K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 89,751 shares (Direct, null);
Common Stock — 71,983 shares (Indirect, Spousal IRA)
Footnotes (1)
Key Figures
Shares sold June 11: 10,000 shares at $41.50
Shares sold June 12: 10,000 shares at $42.00
Total shares sold: 20,000 shares
+3 more
6 metrics
Shares sold June 11
10,000 shares at $41.50
Open-market sale of common stock on June 11, 2026
Shares sold June 12
10,000 shares at $42.00
Open-market sale of common stock on June 12, 2026
Total shares sold
20,000 shares
Net reported sales across both transactions
Direct holdings after trades
89,751 shares
Common stock directly owned following June 12, 2026 sale
401k indirect holdings
152,282.363 shares
Indirect ownership via 401k as of June 11, 2026
Spousal IRA holdings
71,983 shares
Indirect ownership via spousal IRA as of June 11, 2026
Key Terms
open-market sale, indirect, 401k, Spousal IRA, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect financial
""direct_or_indirect": "I",
"nature_of_ownership": "401k""
401k financial
""nature_of_ownership": "401k""
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
Spousal IRA financial
""nature_of_ownership": "Spousal IRA""
transaction code S regulatory
""transaction_code": "S",
"transaction_code_description":"
FAQ
What insider transaction did FRME director Larry W. Myers report?
Larry W. Myers reported selling 20,000 shares of FIRST MERCHANTS CORP common stock in open-market transactions. The filing shows two sales of 10,000 shares each on June 11 and June 12, 2026, at prices of $41.50 and $42.00 per share.
At what prices did Larry W. Myers sell FRME common stock?
He sold 10,000 FRME common shares at $41.50 on June 11, 2026, and another 10,000 shares at $42.00 on June 12, 2026. These were reported as open-market sales under transaction code S in the Form 4 filing.
Does the FRME Form 4 show indirect holdings for Larry W. Myers?
Yes. The Form 4 lists indirect ownership entries for Myers, including shares held in a 401k plan and a spousal IRA. These indirect positions are recorded separately from his 89,751 directly held shares and use the indirect ownership code I in the filing.