Merchants Bancorp holder plans Rule 144 share sale

Merchants Bancorp has a shareholder planning to sell both preferred and common shares under Rule 144.

Rhea-AI Filing Summary

Merchants Bancorp has a shareholder planning to sell both preferred and common shares under Rule 144. The notice covers 57,772 preferred shares with an aggregate market value of $1,163,239.00 and 10,000 common shares with an aggregate market value of $428,000.00, all through Charles Schwab & Co. on Nasdaq around 02/02/2026.

The preferred shares being sold were originally acquired by open market purchase on 05/06/2021 for cash, while the common shares were received as a gift on 12/07/2018 from Michael & Jody Petrie. The filing also notes a prior sale of 1,380 preferred shares on 12/12/2025 for gross proceeds of $26,220.00. The seller represents that they are not aware of undisclosed material adverse information about Merchants Bancorp.

FAQ

What does Merchants Bancorp (MBIN) latest Form 144 filing disclose?

The Form 144 shows a holder planning to sell preferred and common shares of Merchants Bancorp. The filing details share counts, market values, acquisition dates, and prior sales, providing transparency into upcoming Rule 144 sales on Nasdaq through Charles Schwab & Co.

How many Merchants Bancorp preferred shares are planned for sale under this Form 144?

The filing lists 57,772 preferred shares of Merchants Bancorp to be sold. These carry an aggregate market value of $1,163,239.00 and are expected to be sold on Nasdaq around 02/02/2026 through Charles Schwab & Co., Inc.

How many Merchants Bancorp common shares are included in this Rule 144 notice?

The notice covers 10,000 common shares of Merchants Bancorp. Their aggregate market value is shown as $428,000.00, with Nasdaq listed as the exchange and Charles Schwab & Co., Inc. as the broker handling the planned sale.

When and how were the Merchants Bancorp securities in this Form 144 originally acquired?

The preferred shares were acquired by open market purchase on 05/06/2021 for cash. The common shares were acquired earlier, on 12/07/2018, as a gift from Michael & Jody Petrie, with the nature of payment described as a gift.

What recent past sales of Merchants Bancorp securities does the Form 144 report?

The document reports that Michael F. Petrie, as trustee of The Michael F. Petrie Revocable Trust, sold 1,380 preferred shares on 12/12/2025. Those preferred shares generated gross proceeds of $26,220.00, providing context on recent selling activity.

What representation does the seller make about Merchants Bancorp in this Form 144?

The seller represents that they do not know any material adverse information about Merchants Bancorp’s current or prospective operations that has not been publicly disclosed. This statement is made as part of signing the notice required for the planned Rule 144 sales.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 02/02/2026 - 12:12 PM 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
Preferred	Charles Schwab & Co., Inc. 3000 Schwab Way Westlake TX 76262	57772	1163239.00	6000000	02/02/2026	Nasdaq
Common	Charles Schwab & Co., Inc. 3000 Schwab Way Westlake TX 76262	10000	428000.00	45889238	02/02/2026	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 *
Preferred	05/06/2021	Open Market purchase	open market			100000	05/06/2021	Cash
Common	12/07/2018	Gifted	Michael & Jody Petrie			116379	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
Michael F. Petire TTEE, The Michael F. Petrie Rev Tr 12/27/2019 410 Monon Blvd Carmel IN 46032	Preferred	12/12/2025	1380	26220.00

144: Remarks and Signature

Remarks	2a) Michael F. & Jody J. Petrie Foundation - 10,000 common stock 2a) Michael F. Petrie - 57,772 preferred stock attaching past 3 months sales for preferred stock
Date of Notice	02/02/2026
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
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)