FRME director granted 536 FIRST MERCHANTS shares

Sondhi Jason R reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Sondhi Jason R reported acquisition or exercise transactions in this Form 4 filing.

FIRST MERCHANTS CORP director Jason R. Sondhi received a grant of 536 shares of Common Stock, valued at $43.69 per share. This is a stock award, not an open-market purchase. After the grant, he directly holds a total of 10,603.995 shares of the company’s common stock.

The holding figure includes Restricted Stock Awards totaling 7,643 shares, indicating that a substantial portion of his position is in time- or service-based equity compensation rather than freely tradable shares. This filing reflects routine director compensation and does not show any share sales or disposals.

Insider Trade Summary

Grant/Award: 536 shares

Grant/Award 1 txn

Insider Sondhi Jason R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common	536	$43.69	$23K

Holdings After Transaction: Common — 10,603.995 shares (Direct)

Footnotes (1)

1. F1. Includes Restricted Stock Awards totaling 7,643 shares

Key Figures

Stock award shares: 536 shares Grant price per share: $43.69 per share Total shares after transaction: 10,603.995 shares +1 more

4 metrics

Stock award shares 536 shares Grant of Common Stock to director on June 30, 2026

Grant price per share $43.69 per share Value used for the 536-share stock award

Total shares after transaction 10,603.995 shares Director’s direct FRME Common Stock holdings following the grant

Restricted Stock Awards included 7,643 shares Portion of total holdings designated as Restricted Stock Awards

Key Terms

Restricted Stock Awards, Grant, award, or other acquisition, Form 4

3 terms

Restricted Stock Awards financial

"Includes Restricted Stock Awards totaling 7,643 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"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FIRST MERCHANTS CORP (FRME) report for Jason R. Sondhi?

FIRST MERCHANTS CORP reported that director Jason R. Sondhi received a grant of 536 shares of Common Stock. The award was priced at $43.69 per share and represents equity compensation rather than an open-market share purchase or sale.

Is Jason R. Sondhi buying or selling FRME stock in this Form 4 filing?

Jason R. Sondhi is not buying or selling shares on the open market. He received 536 shares of FIRST MERCHANTS CORP Common Stock as a grant or award, which is classified as an acquisition related to compensation, not a discretionary market transaction.

How many FIRST MERCHANTS CORP shares does Jason R. Sondhi hold after this grant?

After the 536-share grant, Jason R. Sondhi directly holds 10,603.995 shares of FIRST MERCHANTS CORP Common Stock. This total includes both unrestricted shares and Restricted Stock Awards, giving a clearer picture of his overall equity stake in the company.

What portion of Jason R. Sondhi’s FRME holdings are Restricted Stock Awards?

The filing notes that Jason R. Sondhi’s holdings include Restricted Stock Awards totaling 7,643 shares. Restricted Stock Awards are typically subject to vesting or service conditions and may not be immediately tradable, reflecting long-term incentive compensation for directors or executives.

What does transaction code "A" mean in this FRME Form 4 for Jason R. Sondhi?

Transaction code "A" in this Form 4 indicates a grant, award, or other acquisition of securities. For Jason R. Sondhi, it reflects a 536-share stock award from FIRST MERCHANTS CORP, rather than a purchase he made in the public market using personal funds.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/02/2026 - 04:55 PM Learn about SEC filing dates

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^*

Sondhi Jason R

(Last) (First) (Middle)

200 E JACKSON STREET

(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		536	A	$43.69	10,603.995(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 7,643 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)