First Merchants director receives 608-share grant

His reported direct balance after the award was 91,032 shares, with another 5,120 shares held indirectly through a 401(k).

Rhea-AI Filing Summary

First Merchants Corp director Michael C. Rechin acquired 608 shares of common stock through a grant/award on September 30, 2026. The reported per-share amount was $39.78. His reported direct holdings after the transaction were 91,032 shares, including Restricted Stock Awards totaling 7,550 shares. He also held 5,120 shares indirectly through a 401(k).

Insider Trade Summary

Grant/Award: 608 shares

Grant/Award 2 txns

Insider RECHIN MICHAEL C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	608	$39.78	$24K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 91,031.867 shares (Direct); Common Stock — 5,119.847 shares (Indirect, by 401k)

Footnotes (1)

1. F1. Includes Restricted Stock Awards totaling 7,550 shares

Key Figures

Grant/award shares acquired: 608 shares Reported per-share amount: $39.78 per share Direct holdings after transaction: 91,032 shares +2 more

5 metrics

Grant/award shares acquired 608 shares September 30, 2026

Reported per-share amount $39.78 per share Common stock grant/award reported September 30, 2026

Direct holdings after transaction 91,032 shares September 30, 2026; includes Restricted Stock Awards totaling 7,550 shares

Indirect 401(k) holdings 5,120 shares September 30, 2026

Restricted Stock Awards 7,550 shares Included in reported post-transaction amounts

Key Terms

Restricted Stock Awards, 401k

2 terms

Restricted Stock Awards financial

"Includes Restricted Stock Awards totaling 7,550 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.

401k financial

"by 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.

FAQ

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What did FRME director Michael C. Rechin receive on September 30, 2026?

Michael C. Rechin acquired 608 shares of common stock through a grant/award on September 30, 2026. The reported per-share amount was $39.78. His reported direct holdings after the transaction were 91,032 shares, including Restricted Stock Awards totaling 7,550 shares.

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

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Available on EDGAR 10/02/2026 - 04:29 PM Accepted by SEC EDGAR 10/02/2026 - 04:29 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^*

RECHIN MICHAEL C

(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)
09/30/2026

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 Stock	09/30/2026		A		608	A	$39.78	91,031.867(1)	D
Common Stock								5,119.847	I	by 401k

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 7,550 shares

Remarks:

	Paul Cento (Confirming Statement on File)	10/02/2026
	** 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)