Merchants Bancorp (MBIN) CEO trims Series C stake while holding large common position
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Merchants Bancorp Chairman and CEO Michael F. Petrie reported open-market sales of Series C Depositary Shares on three dates in February 2026. He sold 1,383 shares on February 3, 6,929 shares on February 4, and 2,034 shares on February 5, each at a price of $20.20 per share, and held 45,022 Series C shares directly afterward.
Petrie also reports substantial common stock ownership. He holds 1,930,308 common shares directly, which include 48,961 unvested restricted stock units scheduled to vest between February 2027 and February 2029. Additional common shares are held indirectly through his spouse and multiple family trusts for which his spouse serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,346 shares ($208,989)
Net Sell
10 txns
Insider
Petrie Michael F.
Role
Chairman and CEO
Sold
10,346 shs ($209K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Series C Depositary Shares | 2,034 | $20.20 | $41K |
| Sale | Series C Depositary Shares | 6,929 | $20.20 | $140K |
| Sale | Series C Depositary Shares | 1,383 | $20.20 | $28K |
| 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 — 45,022 shares (Direct);
Common Stock — 1,930,308 shares (Direct);
Common Stock — 2,111,868 shares (Indirect, By Spouse)
Footnotes (1)
- [object Object]
FAQ
What did MBIN Chairman and CEO Michael F. Petrie sell in this Form 4?
Michael F. Petrie reported selling Series C Depositary Shares of Merchants Bancorp. He executed three open-market sales in early February 2026 at a price of $20.20 per share and continued to hold a sizeable remaining Series C position afterward.
What is Michael F. Petrie’s direct common stock ownership in Merchants Bancorp (MBIN)?
Michael F. Petrie directly owns 1,930,308 shares of common stock of Merchants Bancorp. This total includes 48,961 unvested restricted stock units that will vest and deliver shares between February 2027 and February 2029, as described in the filing footnote.
What indirect Merchants Bancorp common stock holdings are associated with Michael F. Petrie?
Indirect holdings include common shares held by his spouse and multiple family trusts where his spouse is trustee. These trusts include the Emily J. Petrie and Julia L. Petrie 2010 irrevocable and GST trusts, plus The Petrie Grandchildren Trust, each reporting separate share amounts.
What does the Form 4 say about Michael F. Petrie’s restricted stock units in MBIN?
The Form 4 notes 48,961 unvested restricted stock units in Petrie’s direct holdings. He does not have voting rights or dividends on these units until they vest, scheduled on February 1 of 2027, 2028, and 2029, with specific tranche amounts listed.