MBIN insider sale: 6,315 shares reported

MBIN reports proposed sale of company common stock.

Rhea-AI Filing Summary

MBIN reports proposed sale of company common stock. The filing lists a proposed sale of 6,315 common shares with an indicated value of $284,490.00 dated 02/20/2026 on Nasdaq. It also records a sale by The Michael F. & Jody J. Petrie Foundation of 7,143 shares for $300,004.60 on 02/03/2026. The shares were originally gifted on 12/07/2018.

FAQ

What does the MBIN Form 144 disclose about the 6,315 shares?

It reports a proposed sale of 6,315 common shares valued at $284,490.00. The entry is dated 02/20/2026 and lists Nasdaq as the market; the shares were originally gifted on 12/07/2018.

Who sold 7,143 MBIN shares and what proceeds were reported?

The Michael F. & Jody J. Petrie Foundation reported selling 7,143 shares for $300,004.60. That sale is recorded with a transaction date of 02/03/2026 in the filing excerpt.

Were the shares listed in the MBIN filing originally acquired by gift?

Yes — the filing shows the shares were marked as gifted on 12/07/2018. The document ties the gift date to the securities entries associated with Michael & Jody Petrie.

On which market were the MBIN shares to be sold according to the filing?

The filing identifies Nasdaq as the market for the proposed sale. The excerpt shows Nasdaq alongside the share and value entries dated 02/20/2026.

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Accepted by SEC EDGAR 02/20/2026 - 09:31 AM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001718348
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Merchants Bancorp
SEC File Number	001-38258
Address of Issuer	410 MONON BLVD CARMEL INDIANA 46032
Phone	3175697420
Name of Person for Whose Account the Securities are To Be Sold	Petrie Michael F.
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Charles Schwab & Co., Inc. 3000 Schwab Way Westlake TX 76262	6315	284490.00	45889238	02/20/2026	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	12/07/2018	Gifted	Michael & Jody Petrie			6315	12/07/2018	Gift

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
The Michael F. & Jody J. Petrie Foundation, Inc. C/O 410 Monon Blvd. Carmel IN 46032	Comoon	02/03/2026	7143	300004.60

144: Remarks and Signature

Remarks	2a) The Michael F. & Jody J. Petrie Foundation, Michael F. & Jody J. Petrie, agents
Date of Notice	02/20/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Michael F. Petrie, agent for The Michael F. & Jody J. Petrie Foundation
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)