Every Form 4 that Merchants Bancorp (MBIN) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow MBIN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MBIN filings page.
Merchants Bancorp reported insider sales of its Series C Depositary Shares by a reporting person who is a director, 10% owner, and the company’s Chairman and CEO. The insider sold 7,541 Series C Depositary Shares on 12/10/2025, 5,336 shares on 12/11/2025, and 1,380 shares on 12/12/2025, all at a price of $19 per share. Following these transactions, the insider directly holds 57,772 Series C Depositary Shares.
The filing also shows substantial holdings of Merchants Bancorp common stock. The insider directly beneficially owns 1,919,428 common shares, which include 58,203 unvested restricted stock units that are scheduled to vest in tranches on 2/1/2026, 2/1/2027, and 2/1/2028. Additional large indirect common stock positions are reported through the insider’s spouse and several family trusts.
Merchants Bancorp (MBIN) insider, who is a director, Chairman, CEO and 10% owner, reported sales of Series C Depositary Shares. On 11/21/2025, the reporting person sold 11,566 Series C Depositary Shares at $19.2 per share, and on 11/24/2025 sold an additional 1,902 Series C Depositary Shares at $19.35 per share. After these transactions, the insider beneficially owned 84,262 Series C Depositary Shares directly. The insider also directly held 1,919,428 shares of common stock, which includes 58,203 unvested restricted stock units scheduled to vest in tranches on 2/1/2026, 2/1/2027 and 2/1/2028, and reported substantial additional indirect common stock holdings through a spouse and multiple family trusts.
Merchants Bancorp reported a routine insider stock award. A director received 562 shares of common stock on 11/19/2025 as part of the equity portion of the quarterly retainer for board service. The number of shares was calculated by dividing the dollar value of the equity grant by $31.17, the closing price of Merchants Bancorp common stock on the day before the most recent scheduled quarterly board meeting, and rounding up to the next whole share.
After this award, the director beneficially owns 23,150 shares of common stock, held directly, along with 2,000 Series C, 2,000 Series D, and 2,000 Series E depositary shares. No derivative securities were reported.
Merchants Bancorp director reports routine equity award. A director of Merchants Bancorp (MBIN) acquired 562 shares of common stock on 11/19/2025 at a reference price of $31.17 per share as part of their quarterly retainer for board service. After this grant, the director beneficially owns 11,901 shares of common stock, 12,000 Series C Depositary Shares, and 4,000 Series D Depositary Shares, all held directly.
The filing explains that the number of common shares granted was calculated by dividing the dollar value of the equity portion of the director’s quarterly retainer by the closing price of MBIN common stock on the day before the most recent scheduled quarterly board meeting, then rounding up to the next whole share.
Merchants Bancorp (MBIN) reported a routine director compensation transaction. A board member, filing individually, received 562 shares of common stock on 11/19/2025, coded as an acquisition, as the equity portion of the quarterly retainer for service as a director. The grant price reference was $31.17 per share, based on the closing price of the prior trading day, with the share count rounded up to the next whole share.
Following this transaction, the reporting person beneficially owned 118,963 shares of common stock directly. The filing also lists direct holdings of 43,700 Series C Depositary Shares, 40,000 Series D Depositary Shares, and 40,000 Series E Depositary Shares, plus indirect holdings of 40,000 Series C Depositary Shares and 40,000 Series E Depositary Shares through O'Brien Motors, Inc.
Merchants Bancorp reported a routine equity grant to one of its directors. On 11/19/2025, the director received 562 shares of Merchants Bancorp common stock as the equity portion of the quarterly board retainer. The number of shares was calculated by dividing the retainer’s dollar value by $31.17, the closing price of the stock on the trading day before the most recent scheduled quarterly board meeting, and rounding up to the next whole share.
After this grant, the director beneficially owns 13,307 shares of Merchants Bancorp common stock, held directly. No derivative securities transactions were reported in this filing.
Merchants Bancorp director reports stock grant and holdings
A director of Merchants Bancorp (MBIN) reported receiving 562 shares of common stock on 11/19/2025, coded as an acquisition. The filing explains this award is the equity portion of the director’s quarterly retainer, calculated using the closing price of $31.17 per share on the day before the most recent scheduled quarterly board meeting and rounded up to the next whole share.
After this grant, the reporting person beneficially owns 25,414 shares of common stock, 20,000 Series C Depositary Shares, and 12,000 Series D Depositary Shares, all held directly. This reflects routine director compensation in stock rather than a market purchase.
Merchants Bancorp director reports stock award under Form 4. A board member of Merchants Bancorp (MBIN) received an equity grant of 562 shares of common stock on 11/19/2025, recorded as an acquisition transaction. The shares were valued using a reference price of $31.17 per share, based on the closing price of the prior trading day.
This stock award represents the equity portion of the director's quarterly retainer for board service. Following this grant, the reporting person beneficially owns 22,008 shares of Merchants Bancorp common stock, held directly.
Merchants Bancorp reported a routine insider equity award for one of its directors. On 11/19/2025, the director received 562 shares of Merchants Bancorp common stock as the equity portion of the quarterly board retainer. The share grant was valued using a reference price of $31.17 per share, based on the closing price immediately before the most recent scheduled quarterly board meeting.
After this transaction, the director beneficially owned 7,008 shares of common stock, held directly, along with 100 Series D depositary shares and 100 Series E depositary shares. The filing is made as a Form 4 by a reporting person who serves as a director of Merchants Bancorp and reflects standard director compensation in stock rather than cash.
Merchants Bancorp Chairman and CEO insider trading report shows that the reporting person, who is also a 10% owner, sold small amounts of Series C Depositary Shares. On 11/14/2025, 101 Series C Depositary Shares were sold at a weighted average price of $19.83 per share, and on 11/18/2025, 1,069 Series C Depositary Shares were sold at $19.80 per share. After these transactions, the reporting person held 97,730 Series C Depositary Shares directly. They also reported substantial holdings of Merchants Bancorp common stock, including 1,919,428 shares directly and additional indirect holdings through a spouse and various family trusts. The filing notes that 58,203 unvested restricted stock units are included in the direct common stock figure, with tranches vesting on 2/1/2026, 2/1/2027, and 2/1/2028.
Merchants Bancorp (MBIN) Chairman and CEO Michael F. Petrie reported open‑market sales of Series C Depositary Shares: 100 shares on 11/10/2025 at $20.05 and 1,000 shares on 11/13/2025 at $19.85.
Following these trades, he directly owned 98,900 Series C Depositary Shares and 1,919,428 shares of common stock. Indirect common stock holdings were also reported via spouse‑managed trusts. The direct total includes 58,203 unvested RSUs vesting through 2/1/2028.
Merchants Bancorp (MBIN) insider activity: A company officer purchased 15,500 shares of common stock on 10/30/2025 at a weighted average price of $31.64, with trades ranging from $31.50 to $31.77. Following the purchase, the reporting person beneficially owned 138,074 common shares directly and 18,200 common shares indirectly as trustee of the Michael R. Dury GRAT - 2023 Series C. The filing also lists 26,000 Depositary Shares and 4,000 Series D Depositary Shares held directly.
The holdings include 13,378 unvested restricted stock units, scheduled to vest as follows: 6,771 on 2/1/2026; 4,829 on 2/1/2027; and 1,778 on 2/1/2028.
Sean A. Sievers, Chief Financial Officer of Merchants Bancorp (MBINN) reported a purchase on 09/15/2025 of 3,000 Series D depositary shares at a weighted average price of $24.87. After the transaction the filing reports 3,000 depositary shares acquired and total beneficial ownership of 8,207 shares of common stock (direct). The filing discloses 2,261 unvested restricted stock units that do not carry voting rights or dividends until vesting, scheduled 753 RSUs vesting 02/01/2026, 754 on 02/01/2027, and 754 on 02/01/2028. No derivative securities were reported. The form was signed by an attorney-in-fact on 09/17/2025.