Merchants Bancorp (MBIN) CEO sells 1,602 Series C preferred shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Merchants Bancorp Chairman and CEO Michael F. Petrie reported open-market sales of the company’s Series C Depositary Shares. He sold 1,502 shares on February 18, 2026 and 100 shares on February 17, 2026 at a price of $20.20 per share, leaving 17,206 Series C Depositary Shares held directly.
The filing also updates his direct and indirect holdings of Merchants Bancorp common stock, including shares held in his name and by his spouse as trustee of several family trusts. It notes 48,961 unvested restricted stock units that will vest in tranches from 2027 through 2029, for which he has no voting rights or dividends until vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,602 shares ($32,360)
Net Sell
9 txns
Insider
Petrie Michael F.
Role
Chairman and CEO
Sold
1,602 shs ($32K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Series C Depositary Shares | 1,502 | $20.20 | $30K |
| Sale | Series C Depositary Shares | 100 | $20.20 | $2K |
| 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 — 17,206 shares (Direct);
Common Stock — 1,930,308 shares (Direct);
Common Stock — 2,111,868 shares (Indirect, By Spouse)
Footnotes (1)
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FAQ
What did Merchants Bancorp (MBIN) CEO Michael Petrie sell in this Form 4?
Michael F. Petrie reported selling Series C Depositary Shares of Merchants Bancorp in open-market transactions. He sold 1,502 shares on February 18, 2026 and 100 shares on February 17, 2026 at a price of $20.20 per share.
Are there changes to Michael Petrie’s Merchants Bancorp common stock holdings?
The filing updates Petrie’s direct and indirect common stock positions in Merchants Bancorp, including shares in his own name and those where his spouse serves as trustee of multiple family trusts. These entries reflect reported ownership levels as of February 17, 2026 across several related accounts.
What restricted stock units (RSUs) are reported for Michael Petrie at Merchants Bancorp?
The Form 4 notes 48,961 unvested restricted stock units for Michael Petrie. These RSUs vest in three tranches scheduled for February 1, 2027, February 1, 2028, and February 1, 2029, and he has no voting rights or dividends until shares are issued.
Does this Merchants Bancorp Form 4 indicate open-market buying or selling activity?
The Form 4 shows open-market selling activity in Series C Depositary Shares by Michael F. Petrie. Both transactions use code “S,” described as a sale in open market or private transaction, and are explicitly labeled as sales rather than purchases.