What does the 1,761-share FRME transaction mean in John Martin’s Form 4?

The 1,761-share transaction on August 2, 2026 is coded F , indicating shares were delivered or withheld at $43.14 per share to pay an exercise price or tax liability , rather than a market sale or open-market purchase.

First Merchants Corp (NASDAQ: FRME) awards 8,000 shares to EVP

Q: What insider transactions did John Martin report for FIRST MERCHANTS CORP (FRME)?

John Martin reported two transactions in First Merchants Corp common stock: a grant of 8,000 shares on August 3, 2026, and a disposition of 1,761 shares on August 2, 2026 to cover an exercise price or tax liability.

Q: How many FRME shares were granted to John Martin in this filing?

John Martin was granted 8,000 shares of First Merchants Corp common stock on August 3, 2026 at a reference price of $43.63 per share , reported under transaction code A for a grant, award, or other acquisition.

Q: Were John Martin’s FRME transactions made under a Rule 10b5-1 trading plan?

These transactions were not indicated as made under a Rule 10b5-1 trading plan . The filing’s Rule 10b5-1 checkbox is not marked as being pursuant to such a pre-arranged trading plan.

Q: What is John Martin’s role at FIRST MERCHANTS CORP (FRME)?

John Martin is reported as Chief Credit Officer and Executive Vice President of First Merchants Corp. His insider status as a senior officer is why his equity awards and related share withholdings are reported.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

First Merchants Corp executive John Martin, Chief Credit Officer and Executive Vice President, received a grant of 8,000 shares of common stock on August 3, 2026 at a reference price of $43.63 per share. On August 2, 2026, 1,761 shares of common stock were delivered or withheld at $43.14 per share to satisfy the exercise price or a tax liability. Following these transactions, his direct holdings include Restricted Stock Awards totaling 24,908.238 shares. These transactions were not reported as made under a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Buyer: 6,239 shares

Net Buy 2 txns

Insider MARTIN JOHN

Role Chief Credit Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock ^F1	8,000	$43.63	$349K
Exercise Price or Tax Liability	Common Stock	1,761	$43.14	$76K

Holdings After Transaction: Common Stock — 71,549.483 shares (Direct)

Footnotes (1)

F1. Includes Restricted Stock Awards totaling 24908.238 shares

Key Figures

Stock award shares: 8,000 shares of Common Stock Stock award reference price: $43.6300 per share Shares withheld for exercise price or tax liability: 1,761 shares of Common Stock +2 more

5 metrics

Stock award shares 8,000 shares of Common Stock Grant, award, or other acquisition on 2026-08-03 at $43.63 per share

Stock award reference price $43.6300 per share Reference price for the 8,000-share common stock grant on 2026-08-03

Shares withheld for exercise price or tax liability 1,761 shares of Common Stock Code F disposition on 2026-08-02 at $43.14 per share

Withholding reference price $43.1400 per share Price per share for the 1,761-share F-code transaction on 2026-08-02

Restricted Stock Awards included in holdings 24,908.238 shares Restricted Stock Awards included in direct holdings after the grant, per footnote F1

Key Terms

Restricted Stock Awards, exercise-price-or-tax-liability disposition, Grant, award, or other acquisition

3 terms

Restricted Stock Awards financial

"Includes Restricted Stock Awards totaling 24908.238 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.

exercise-price-or-tax-liability disposition financial

"transaction_action "exercise-price-or-tax-liability disposition" for the F transaction"

Grant, award, or other acquisition financial

"transaction_code_description "Grant, award, or other acquisition" for 8,000-share grant"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/04/2026 - 05:56 PM Accepted by SEC EDGAR 08/04/2026 - 05:56 PM

FAQ

What insider transactions did John Martin report for FIRST MERCHANTS CORP (FRME)?

John Martin reported two transactions in First Merchants Corp common stock: a grant of 8,000 shares on August 3, 2026, and a disposition of 1,761 shares on August 2, 2026 to cover an exercise price or tax liability.

How many FRME shares were granted to John Martin in this filing?

John Martin was granted 8,000 shares of First Merchants Corp common stock on August 3, 2026 at a reference price of $43.63 per share, reported under transaction code A for a grant, award, or other acquisition.

How many Restricted Stock Awards does John Martin hold in FRME after these transactions?

After these transactions, John Martin’s direct holdings include Restricted Stock Awards totaling 24,908.238 shares. This figure comes from a footnote clarifying that his reported post-transaction holdings include this number of restricted stock award shares.

Were John Martin’s FRME transactions made under a Rule 10b5-1 trading plan?

These transactions were not indicated as made under a Rule 10b5-1 trading plan. The filing’s Rule 10b5-1 checkbox is not marked as being pursuant to such a pre-arranged trading plan.

What is John Martin’s role at FIRST MERCHANTS CORP (FRME)?

John Martin is reported as Chief Credit Officer and Executive Vice President of First Merchants Corp. His insider status as a senior officer is why his equity awards and related share withholdings are reported.

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^*

MARTIN JOHN

(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)

	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
	Chief Credit Officer		Executive Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/02/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/02/2026		F		1,761	D	$43.14	63,549.483	D
Common Stock	08/03/2026		A		8,000	A	$43.63	71,549.483⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes Restricted Stock Awards totaling 24908.238 shares

Remarks:

	Paul Cento (Confirming Statement on File)	08/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR