Merchants Bancorp (MBIN) CEO sells Series C shares, details trust stakes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Merchants Bancorp Chairman and CEO Michael F. Petrie, a director and more than 10% owner, reported open‑market sales of the company’s Series C Depositary Shares. He sold 7,149 shares at $20.20 on 02/06/2026 and 14,610 shares at $20.20 on 02/09/2026.
After these trades, he held 23,263 Series C Depositary Shares directly. Petrie also reported direct beneficial ownership of 1,930,308 shares of common stock and additional indirect common stock holdings through his spouse and several family trusts. The filing notes 48,961 unvested restricted stock units that will vest between 2027 and 2029, during which he does not have voting rights or receive dividends.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 21,759 shares ($439,532)
Net Sell
9 txns
Insider
Petrie Michael F.
Role
Chairman and CEO
Sold
21,759 shs ($440K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Series C Depositary Shares | 14,610 | $20.20 | $295K |
| Sale | Series C Depositary Shares | 7,149 | $20.20 | $144K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Series C Depositary Shares — 23,263 shares (Direct);
Common Stock — 1,930,308 shares (Direct);
Common Stock — 2,111,868 shares (Indirect, By Spouse)
Footnotes (1)
- [object Object]
FAQ
What insider transactions did MBIN Chairman and CEO Michael F. Petrie report?
Michael F. Petrie reported selling Series C Depositary Shares of Merchants Bancorp. He sold 7,149 shares at $20.20 on February 6, 2026, and 14,610 shares at $20.20 on February 9, 2026, as directly owned non-derivative transactions.
What is Michael F. Petrie’s direct common stock holding in Merchants Bancorp (MBIN)?
Michael F. Petrie reports direct beneficial ownership of 1,930,308 shares of Merchants Bancorp common stock. This figure includes 48,961 unvested restricted stock units that will vest in tranches on February 1, 2027, February 1, 2028, and February 1, 2029, as disclosed.
What indirect MBIN common stock holdings are associated with Michael F. Petrie’s spouse and family trusts?
Indirect MBIN common stock holdings include 2,111,868 shares held by his spouse and additional shares held in several trusts where his spouse serves as trustee, including the Emily J. Petrie and Julia L. Petrie 2010 irrevocable and GST trusts, plus The Petrie Grandchildren Trust.
How are Michael F. Petrie’s unvested restricted stock units in MBIN structured?
Petrie has 48,961 unvested restricted stock units. He does not have voting rights or receive dividends on these units until they vest and shares are issued: 27,591 vest on February 1, 2027, 14,515 on February 1, 2028, and 6,855 on February 1, 2029.
What roles does Michael F. Petrie hold at Merchants Bancorp (MBIN)?
Michael F. Petrie is reported as a director, Chairman and Chief Executive Officer, and a more than 10% owner of Merchants Bancorp. These roles are explicitly identified in the filing’s relationship section, highlighting both his executive responsibilities and significant ownership position.