First Merchants (FRME) Director Records 600-Share Acquisition at $37.70

Rhea-AI Filing Summary

Director Chiang Mung reported acquiring 600 shares of First Merchants Corp (FRME) common stock on 09/30/2025 at a reported price of $37.70 per share. After the transaction the reporting person is shown as beneficially owning 7,170 shares, which the filing states includes restricted stock awards totaling 7,170 shares. The Form 4 identifies the reporter as a director and the purchase is recorded as a non-derivative acquisition. The filing is a single-person Form 4 reporting a straightforward, open-market or grant-related purchase recorded under transaction code "A."

Positive

• Director acquisition of 600 shares at $37.70 signals continued insider participation
• Total beneficial ownership shown as 7,170 shares, with restricted stock awards disclosed

Negative

• None.

Insights

Corporate Governance Analyst

Insider director acquired a small block of stock; ownership noted as restricted awards.

The director reported buying 600 shares at $37.70 and is shown with 7,170 shares beneficially owned, with the filing explicitly stating those shares include restricted stock awards totaling 7,170. This indicates the position consists largely of awarded restricted shares rather than a large open-market stake. The transaction code is listed as an acquisition, and the filing is by one reporting person.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Chiang Mung

(Last) (First) (Middle)

200 E JACKSON ST

(Street)

MUNCIE IN 47305

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST MERCHANTS CORP [ FRME ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common	09/30/2025		A		600	A	$37.7	7,170(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. includes restricted stock awards totaling 7,170 shares

Remarks:

	Jacob Burkett (Confirming Statement on File)	10/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did FRME director Chiang Mung report on Form 4?

The director reported acquiring 600 shares of First Merchants Corp common stock at $37.70 per share on 09/30/2025.

How many FRME shares does the reporting person own after the transaction?

The filing shows the reporting person beneficially owns 7,170 shares, which the report says includes restricted stock awards totaling 7,170 shares.

What is the nature of the reported transaction on this Form 4 for FRME?

The transaction is a non-derivative acquisition coded as an acquisition (code "A") for common stock.

Is the Form 4 filed by multiple reporting persons for FRME?

No. The form indicates it was filed by one reporting person.

What role does the reporting person hold at First Merchants Corp (FRME)?

The filing lists the reporting person as a Director of the issuer.