Director at Merchants Bancorp (MBIN) files initial Form 3 ownership

Rhea-AI Filing Summary

Merchants Bancorp director Michael S. Curless filed a Form 3, the initial statement of beneficial ownership for company insiders. This report in effect registers him as a reporting insider and, in this excerpt, shows no insider transactions or positions.

Key Figures

Reported transactions: 0

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Reported transactions 0 Form 3 initial statement of beneficial ownership

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Curless Michael S

(Last) (First) (Middle)

410 MONON BLVD.

(Street)

CARMEL INDIANA 46032

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/21/2026

3. Issuer Name and Ticker or Trading Symbol
Merchants Bancorp [ MBIN ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24 - Power of Attorney

No securities are beneficially owned.

	/s/ Terry Oznick, attorney in fact	05/21/2026
	** 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 5 (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.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Merchants Bancorp (MBIN) Form 3 for Michael S. Curless show?

It shows that director Michael S. Curless has filed a Form 3, establishing him as an insider at Merchants Bancorp. The summary indicates no insider transactions or holdings in this excerpt.

Does the Merchants Bancorp (MBIN) Form 3 report any insider trades?

No insider trades are reported in this Form 3 excerpt. The transaction summary shows zero buy, sell, gift, exercise, tax withholding, or restructuring transactions by the reporting person.

Who is the reporting person on the Merchants Bancorp (MBIN) Form 3?

The reporting person is Michael S. Curless, identified as a director of Merchants Bancorp. As a director, he is required to report his beneficial ownership and certain transactions in company securities to the SEC.

What is the purpose of a Form 3 for Merchants Bancorp (MBIN)?

Form 3 is the initial statement of beneficial ownership filed when someone becomes an insider, such as a director. It begins their ongoing obligation to report changes in ownership of Merchants Bancorp securities on Forms 4 and 5.

Does the Merchants Bancorp (MBIN) Form 3 include derivative securities information?

The derivative summary in this Form 3 excerpt is empty. That means no options, warrants, or other derivative positions are listed for Michael S. Curless in the data provided here.