FIRST MERCHANTS (NASDAQ: FRME) director gets 500-share equity grant, now holds 8,864 shares

Rhea-AI Filing Summary

Chiang Mung reported acquisition or exercise transactions in this Form 4 filing.

FIRST MERCHANTS CORP director Mung Chiang received 500 shares of common stock as an equity award. The grant was recorded at a price of $43.69 per share and increased his directly held position to 8,864.223 shares. Footnote disclosure states this total includes 7,369 shares of Restricted Stock Awards, highlighting that most of his holdings are compensation-related rather than open-market purchases.

Insights

Equity compensation analyst

Director received a small routine stock award that modestly increases his equity stake.

Director Mung Chiang acquired 500 shares of FIRST MERCHANTS CORP common stock through a grant classified as a “Grant, award, or other acquisition” at $43.69 per share. This is compensation, not an open-market trade, and therefore carries limited trading signal.

After the award, his direct holdings rose to 8,864.223 shares, including 7,369 shares in Restricted Stock Awards. The filing shows no derivative positions and no sales, so this is a modest, one-way increase in ownership typical of board compensation programs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Chiang Mung

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common	500	$43.69	$22K

Holdings After Transaction: Common — 8,864.223 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock award size: 500 shares Grant price: $43.69 per share Post-transaction holdings: 8,864.223 shares +1 more

4 metrics

Stock award size 500 shares Common stock grant to director on 2026-06-30

Grant price $43.69 per share Recorded value of stock award

Post-transaction holdings 8,864.223 shares Director’s direct holdings after award

Restricted Stock Awards included 7,369 shares Portion of holdings designated as Restricted Stock Awards

Key Terms

Restricted Stock Awards, Grant, award, or other acquisition, Common, direct

4 terms

Restricted Stock Awards financial

"Includes Restricted Stock Awards totaling 7,369 shares"

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common financial

"security_title: Common"

direct financial

"ownership_type: direct"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:45 PM Accepted by SEC EDGAR 07/02/2026 - 04:44 PM Learn about SEC filing dates

FAQ

What insider transaction did FIRST MERCHANTS CORP (FRME) director Mung Chiang report?

Director Mung Chiang reported receiving 500 shares of FIRST MERCHANTS CORP common stock as a stock award. The Form 4 classifies it as a grant or other acquisition, not an open-market purchase, indicating routine equity compensation rather than a trading decision.

At what price was the 500-share stock award to FRME director Mung Chiang recorded?

The 500-share award to director Mung Chiang was recorded at a price of $43.69 per share. This price is an accounting value for the grant and does not imply he paid cash, as the transaction is reported as an equity award, not a market buy.

How many FIRST MERCHANTS CORP shares does Mung Chiang hold after this Form 4 transaction?

After the reported grant, Mung Chiang directly holds 8,864.223 shares of FIRST MERCHANTS CORP common stock. A footnote explains this total includes 7,369 shares of Restricted Stock Awards, showing most of his position comes from compensation-related grants rather than open-market transactions.

Does the FRME Form 4 for Mung Chiang involve any stock sales or dispositions?

The Form 4 for director Mung Chiang reports only an acquisition of 500 shares via a grant and no sales or dispositions. Transaction summaries show one acquisition, zero sales, and no derivative exercises, indicating a purely incremental ownership increase from equity compensation.

What portion of Mung Chiang’s FRME holdings are Restricted Stock Awards?

Footnote disclosure states that Mung Chiang’s holdings include Restricted Stock Awards totaling 7,369 shares. These restricted shares form the majority of his 8,864.223 directly held shares and typically vest over time under the company’s equity compensation arrangements.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chiang Mung

(Last) (First) (Middle)

200 E JACKSON ST

(Street)

MUNCIE INDIANA 47305

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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

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

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

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	06/30/2026		A		500	A	$43.69	8,864.223(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 7,369 shares

Remarks:

	Paul Cento (Confirming Statement on File)	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)