MBIN Form 144: Foundation reports two Common‑share sales

MBIN filed a Form 144 reporting proposed and recent sales of Common stock by a selling holder.

Rhea-AI Filing Summary

MBIN filed a Form 144 reporting proposed and recent sales of Common stock by a selling holder.

The excerpt shows reported sales by the Michael F. & Jody J. Petrie Foundation of 7,143 shares for $300,004.60 on 02/03/2026 and 6,638 shares for $300,036.30 on 02/20/2026.

Insights

Securities Compliance Analyst

Routine Rule 144 notice showing recent small-block dispositions by a foundation.

The filing lists specific dispositions of Common stock by the Michael F. & Jody J. Petrie Foundation, including 7,143 shares on 02/03/2026 and 6,638 shares on 02/20/2026. These entries are typical of Rule 144 reporting requirements.

Timing and proceeds are explicit in the excerpt; cash‑flow treatment beyond the reported proceeds is not included. Subsequent filings may disclose further sales or confirmations.

FAQ

What does MBIN's Form 144 report?

The Form 144 reports proposed and recent sales of Common stock by a selling holder. It lists two reported dispositions of 7,143 and 6,638 shares on 02/03/2026 and 02/20/2026, with proceeds shown for each sale.

Who sold shares in the MBIN Form 144 filing?

The excerpt identifies the Michael F. & Jody J. Petrie Foundation as the selling holder. The foundation is listed with an address in Carmel, IN, and is shown as the source of the two Common stock dispositions dated in February 2026.

How much did MBIN shares sell for in the reported trades?

The filing shows proceeds of $300,004.60 for 7,143 shares on 02/03/2026 and $300,036.30 for 6,638 shares on 02/20/2026. Those figures are stated in the excerpt.

Does the Form 144 indicate who receives the sale proceeds?

The excerpt lists proceeds amounts tied to each disposition but does not state the recipient beyond the selling holder. The filing shows the Michael F. & Jody J. Petrie Foundation as the seller; further allocation details are not included in the provided text.

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Accepted by SEC EDGAR 02/24/2026 - 09:38 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	43334	1873328.00	45889238	02/24/2026	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	02/01/2025	Restricted Stock Award	Issuer			23212	02/01/2025	Restricted Stock Award
Common	02/01/2026	Restricted Stock Award	Issuer			20122	02/01/2026	Restricted Stock Award

* 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. & Jody J. Petrie Foundation C/O 410 Monon Blvd Carmel IN 46032	Common	02/03/2026	7143	300004.60
Michael F. & Jody J. Petrie Foundation C/O 410 Monon Bvd Carmel IN 46032	Common	02/20/2026	6638	300036.30

144: Remarks and Signature

Remarks	2a) Michael F. Petrie TTEE, Michael F. Petrie Rev Tr 12/27/2019
Date of Notice	02/24/2026
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 TTEE Michael F. Petrie Rev Tr 12/27/2019
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)