Trust sells 15,000 shares for $660,698 under Rule 144

The Charles Schwab Corporation Rule 144 notice reports a sale of 15,000 shares of Common Stock by Michael F Petrie Revocable Trust on 02/26/2026 for $660,697.86.

Rhea-AI Filing Summary

The Charles Schwab Corporation Rule 144 notice reports a sale of 15,000 shares of Common Stock by Michael F Petrie Revocable Trust on 02/26/2026 for $660,697.86. The filing lists Restricted Stock Awards dated 02/01/2025 (23,212 shares) and 02/01/2026 (20,122 shares) as securities noted on the form.

Key Figures

Shares sold: 15,000 shares Aggregate proceeds: $660,697.86 Restricted Stock Award (2025): 23,212 shares +1 more

4 metrics

Shares sold 15,000 shares Sale date 02/26/2026 by Michael F Petrie Revocable Trust

Aggregate proceeds $660,697.86 Proceeds reported for the 15,000-share sale on 02/26/2026

Restricted Stock Award (2025) 23,212 shares Restricted Stock Award dated 02/01/2025 listed on the form

Restricted Stock Award (2026) 20,122 shares Restricted Stock Award dated 02/01/2026 listed on the form

Key Terms

Restricted Stock Award, Rule 144, Aggregate proceeds

3 terms

Restricted Stock Award financial

"Restricted Stock Award | Issuer | 02/01/2025 | 23,212"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

Rule 144 regulatory

"144: Securities Sold During The Past 3 Months"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Aggregate proceeds financial

"15000 | 660697.86"

FAQ

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

What does the MBIN Form 144 say about the sale on 02/26/2026?

It reports a sale of 15,000 shares for $660,697.86. The filing identifies the seller as Michael F Petrie Revocable Trust and records the trade date as 02/26/2026, with the reported aggregate sale proceeds shown as $660,697.86.

Which securities are listed as restricted awards in this Form 144?

Two Restricted Stock Awards are listed. One award dated 02/01/2025 for 23,212 shares and one dated 02/01/2026 for 20,122 shares appear under the securities section of the filing.

Who is identified as the seller in the filing for MBIN?

The seller is Michael F Petrie Revocable Trust. The trust's address is shown and it is recorded as the party selling 15,000 shares on 02/26/2026, with the aggregate amount reported in the filing.

Does the Form 144 show where proceeds were paid or who received them?

The filing lists aggregate proceeds but does not state recipient details beyond the seller. It shows $660,697.86 as the aggregate amount for the 15,000-share sale; no further cash-flow recipient details are provided in the excerpt.

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

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Accepted by SEC EDGAR 05/01/2026 - 03:47 PM EDT 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
Relationship to Issuer	10% Stockholder

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	The Charles Schwab Corporation 3000 Schwab Way Westlake TX 76262	28334	1313564.24	45962065	05/01/2026	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	Employee Compensation
Common	02/01/2026	Restricted Stock Award	Issuer			20122	02/01/2026	Employee Compensation

* 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 PETRIE REVOCABLE TRUST 1757 MILFORD ST Carmel IN 46032	Common	02/26/2026	15000	660697.86

144: Remarks and Signature

Remarks	MICHAEL F PETRIE TTEE THE MICHAEL F.PETRIE REVOCABLE U/A DTD 12/27/2019
Date of Notice	05/01/2026
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 Petrie
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)