FRME Director Buys 642 Shares at $37.70 — Holdings 27,874.398

Michael R. Becher, a director of First Merchants Corp (FRME), reported an insider purchase of common stock on 09/30/2025.

Rhea-AI Filing Summary

Michael R. Becher, a director of First Merchants Corp (FRME), reported an insider purchase of common stock on 09/30/2025. The Form 4 shows he acquired 642 shares at a reported price of $37.70 per share. After the transaction, he beneficially owned 27,874.398 shares, which the filing notes include 8,159 restricted stock awards. The filing was submitted as a single reporting person report and includes a confirming signature by Jacob Burkett dated 10/02/2025.

The form is a routine Section 16 filing that documents a small director purchase; the record lists the reporting person’s address in Muncie, IN and does not disclose options, derivative transactions, or additional compensatory details beyond the restricted stock count.

Positive

• Director purchase: Michael R. Becher acquired 642 shares on 09/30/2025
• Updated holdings disclosed: Beneficial ownership reported at 27,874.398 shares, including 8,159 restricted shares

Negative

• None.

Insights

Insider Transaction Analyst

Director purchased 642 shares at $37.70; holdings now 27,874.398 shares.

The Form 4 documents a straightforward open-market or grant-related acquisition of 642 common shares on 09/30/2025 at $37.70 per share by director Michael R. Becher, increasing his beneficial ownership to 27,874.398 shares including 8,159 restricted shares. This filing confirms the transaction and updates public Section 16 records but discloses no derivative activity or sale.

Insider Trade Summary

Grant/Award: 642 shares

Grant/Award 1 txn

Insider Becher Michael R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	642	$37.70	$24K

Holdings After Transaction: Common Stock — 27,874.398 shares (Direct)

Footnotes (1)

1. F1. Includes Restricted Stock Awards totaling 8,159 shares

FAQ

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

What insider transaction did FRME director Michael R. Becher report?

He reported acquiring 642 shares of First Merchants Corp common stock on 09/30/2025 at a price of $37.70 per share.

How many First Merchants (FRME) shares does Michael R. Becher beneficially own after the transaction?

The Form 4 reports he beneficially owns 27,874.398 shares following the reported transaction.

Does the Form 4 show any derivative or option transactions for FRME?

No. The filing’s Table II for derivative securities contains no entries; only a non-derivative common stock acquisition is reported.

How many restricted stock awards are included in Becher’s holdings?

The filing states that the total beneficial ownership includes 8,159 restricted stock awards.

When was the Form 4 signed or confirmed?

A confirming statement is on file with a signature by Jacob Burkett dated 10/02/2025.

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

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Accepted by SEC EDGAR 10/02/2025 - 03:32 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).

1. Name and Address of Reporting Person^*

Becher Michael R

(Last) (First) (Middle)

200 EAST 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 Stock	09/30/2025		A		642	A	$37.7	27,874.398(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 8,159 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.