STOCK TITAN

[8-K] Merchants Bancorp Depositary Shares Each Representing a 1/40th Interest in a Share of Series B Fixed-to-Floating Rate Reports Material Event

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(Neutral)
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8-K
Rhea-AI Filing Summary

DexCom, Inc. (DXCM) Form 144 filing discloses a proposed sale of 1,466 common shares by shareholder Sadie Stern through Morgan Stanley Smith Barney. The shares, valued at $130,459, are expected to be sold on or about 28 Jul 2025 on the NASDAQ. They represent roughly 0.0004 % of DexCom’s 392.1 million shares outstanding, implying minimal market impact.

The shares were acquired as restricted stock on 19 Nov 2023. In the last three months, the same holder completed four sales totaling 7,650 shares for $651,016 in gross proceeds, indicating an ongoing liquidation pattern. No other insiders or financial metrics are disclosed.

The filer affirms awareness of no undisclosed adverse information and notes potential reliance on a Rule 10b5-1 trading plan. Aside from insider-sale data, the filing contains no operational or earnings updates.

DexCom, Inc. (DXCM) comunicazione Form 144 rivela una proposta di vendita di 1.466 azioni ordinarie da parte dell'azionista Sadie Stern tramite Morgan Stanley Smith Barney. Le azioni, valutate 130.459 dollari, dovrebbero essere vendute intorno al 28 luglio 2025 sul NASDAQ. Rappresentano circa lo 0,0004% delle 392,1 milioni di azioni in circolazione di DexCom, suggerendo un impatto di mercato minimo.

Le azioni sono state acquisite come azioni vincolate il 19 novembre 2023. Negli ultimi tre mesi, lo stesso azionista ha completato quattro vendite per un totale di 7.650 azioni per un ricavo lordo di 651.016 dollari, indicando un modello di liquidazione in corso. Non vengono divulgati altri insider o dati finanziari.

Il dichiarante conferma di non essere a conoscenza di informazioni negative non divulgate e segnala una possibile operatività secondo un piano di trading Rule 10b5-1. Oltre ai dati sulle vendite insider, il documento non contiene aggiornamenti operativi o sui risultati economici.

DexCom, Inc. (DXCM) presentación del Formulario 144 revela una propuesta de venta de 1,466 acciones ordinarias por parte del accionista Sadie Stern a través de Morgan Stanley Smith Barney. Las acciones, valoradas en $130,459, se espera que se vendan alrededor del 28 de julio de 2025 en NASDAQ. Representan aproximadamente el 0.0004% de las 392.1 millones de acciones en circulación de DexCom, lo que implica un impacto mínimo en el mercado.

Las acciones fueron adquiridas como acciones restringidas el 19 de noviembre de 2023. En los últimos tres meses, el mismo titular completó cuatro ventas por un total de 7,650 acciones por $651,016 en ingresos brutos, indicando un patrón de liquidación en curso. No se divulgan otros insiders ni métricas financieras.

El declarante afirma no tener conocimiento de información adversa no divulgada y señala una posible dependencia de un plan de negociación bajo la Regla 10b5-1. Aparte de los datos de ventas internas, la presentación no contiene actualizaciones operativas ni de ganancias.

DexCom, Inc. (DXCM) Form 144 제출은 Morgan Stanley Smith Barney를 통해 주주 Sadie Stern이 1,466주 보통주를 매각할 예정임을 공개합니다. 해당 주식은 130,459달러로 평가되며, 2025년 7월 28일경 NASDAQ에서 매도될 예정입니다. 이는 DexCom의 3억 9,210만 주 발행 주식의 약 0.0004%에 해당하여 시장에 미치는 영향은 미미할 것으로 보입니다.

이 주식은 2023년 11월 19일 제한 주식으로 취득되었습니다. 지난 3개월 동안 동일 주주는 총 7,650주를 매도하여 총 651,016달러의 총수익을 올리는 등 지속적인 청산 패턴을 보이고 있습니다. 다른 내부자나 재무 지표는 공개되지 않았습니다.

신고자는 미공개 부정적 정보가 없음을 확인하며, Rule 10b5-1 거래 계획에 의존할 가능성을 언급합니다. 내부자 매도 데이터 외에는 운영이나 수익 관련 업데이트가 포함되어 있지 않습니다.

DexCom, Inc. (DXCM) dépôt du formulaire 144 révèle une proposition de vente de 1 466 actions ordinaires par l'actionnaire Sadie Stern via Morgan Stanley Smith Barney. Les actions, évaluées à 130 459 $, devraient être vendues aux alentours du 28 juillet 2025 sur le NASDAQ. Elles représentent environ 0,0004 % des 392,1 millions d'actions en circulation de DexCom, ce qui implique un impact minimal sur le marché.

Les actions ont été acquises en tant qu'actions restreintes le 19 novembre 2023. Au cours des trois derniers mois, le même détenteur a réalisé quatre ventes totalisant 7 650 actions pour un produit brut de 651 016 $, indiquant un schéma de liquidation en cours. Aucun autre initié ni indicateur financier n'est divulgué.

Le déclarant affirme ne pas être au courant d'informations défavorables non divulguées et mentionne une possible utilisation d'un plan de trading selon la règle 10b5-1. En dehors des données sur les ventes d'initiés, le dépôt ne contient aucune mise à jour opérationnelle ou sur les résultats.

DexCom, Inc. (DXCM) Form 144 Einreichung gibt einen geplanten Verkauf von 1.466 Stammaktien durch Aktionär Sadie Stern über Morgan Stanley Smith Barney bekannt. Die Aktien, bewertet mit 130.459 US-Dollar, sollen etwa am 28. Juli 2025 an der NASDAQ verkauft werden. Sie entsprechen etwa 0,0004% der 392,1 Millionen ausstehenden Aktien von DexCom, was auf eine minimale Marktauswirkung hindeutet.

Die Aktien wurden am 19. November 2023 als eingeschränkte Aktien erworben. In den letzten drei Monaten hat derselbe Inhaber vier Verkäufe mit insgesamt 7.650 Aktien für 651.016 US-Dollar Bruttoerlös abgeschlossen, was auf ein fortlaufendes Liquidationsmuster hinweist. Es werden keine weiteren Insider oder Finanzkennzahlen offengelegt.

Der Einreicher bestätigt, keine nicht offengelegten negativen Informationen zu kennen, und weist auf eine mögliche Nutzung eines Rule 10b5-1 Handelsplans hin. Abgesehen von den Insider-Verkaufsdaten enthält die Einreichung keine operativen oder Gewinn-Updates.

Positive
  • Sale equals only 0.0004 % of shares outstanding, implying negligible dilution or market impact.
  • Timely Rule 144 disclosure enhances transparency around insider trading activity.
Negative
  • 7,650 shares already sold in the last three months may signal continued insider off-loading.
  • No accompanying operational or financial update, leaving investors without context for the sales.

Insights

TL;DR: Minor DexCom insider sale (1,466 shares) is immaterial to float; pattern of recent sales worth $651k may draw scrutiny but lacks major impact.

The 1,466-share Form 144 equals only 0.0004 % of outstanding stock, so price pressure should be negligible. However, the filer has already liquidated 7,650 shares over the past quarter, signalling personal diversification or profit-taking. Because no company fundamentals are included, the filing does not alter the investment thesis. Overall impact: neutral.

TL;DR: Filing shows compliant disclosure; continued sales could raise perception questions but remain within Rule 144 limits.

Timely Form 144 submission demonstrates adherence to SEC rules, giving markets visibility into insider activity. The fractional size versus float limits governance concern. Still, investors may monitor if sales persist or expand, as sustained insider selling can affect sentiment even when legally permitted.

DexCom, Inc. (DXCM) comunicazione Form 144 rivela una proposta di vendita di 1.466 azioni ordinarie da parte dell'azionista Sadie Stern tramite Morgan Stanley Smith Barney. Le azioni, valutate 130.459 dollari, dovrebbero essere vendute intorno al 28 luglio 2025 sul NASDAQ. Rappresentano circa lo 0,0004% delle 392,1 milioni di azioni in circolazione di DexCom, suggerendo un impatto di mercato minimo.

Le azioni sono state acquisite come azioni vincolate il 19 novembre 2023. Negli ultimi tre mesi, lo stesso azionista ha completato quattro vendite per un totale di 7.650 azioni per un ricavo lordo di 651.016 dollari, indicando un modello di liquidazione in corso. Non vengono divulgati altri insider o dati finanziari.

Il dichiarante conferma di non essere a conoscenza di informazioni negative non divulgate e segnala una possibile operatività secondo un piano di trading Rule 10b5-1. Oltre ai dati sulle vendite insider, il documento non contiene aggiornamenti operativi o sui risultati economici.

DexCom, Inc. (DXCM) presentación del Formulario 144 revela una propuesta de venta de 1,466 acciones ordinarias por parte del accionista Sadie Stern a través de Morgan Stanley Smith Barney. Las acciones, valoradas en $130,459, se espera que se vendan alrededor del 28 de julio de 2025 en NASDAQ. Representan aproximadamente el 0.0004% de las 392.1 millones de acciones en circulación de DexCom, lo que implica un impacto mínimo en el mercado.

Las acciones fueron adquiridas como acciones restringidas el 19 de noviembre de 2023. En los últimos tres meses, el mismo titular completó cuatro ventas por un total de 7,650 acciones por $651,016 en ingresos brutos, indicando un patrón de liquidación en curso. No se divulgan otros insiders ni métricas financieras.

El declarante afirma no tener conocimiento de información adversa no divulgada y señala una posible dependencia de un plan de negociación bajo la Regla 10b5-1. Aparte de los datos de ventas internas, la presentación no contiene actualizaciones operativas ni de ganancias.

DexCom, Inc. (DXCM) Form 144 제출은 Morgan Stanley Smith Barney를 통해 주주 Sadie Stern이 1,466주 보통주를 매각할 예정임을 공개합니다. 해당 주식은 130,459달러로 평가되며, 2025년 7월 28일경 NASDAQ에서 매도될 예정입니다. 이는 DexCom의 3억 9,210만 주 발행 주식의 약 0.0004%에 해당하여 시장에 미치는 영향은 미미할 것으로 보입니다.

이 주식은 2023년 11월 19일 제한 주식으로 취득되었습니다. 지난 3개월 동안 동일 주주는 총 7,650주를 매도하여 총 651,016달러의 총수익을 올리는 등 지속적인 청산 패턴을 보이고 있습니다. 다른 내부자나 재무 지표는 공개되지 않았습니다.

신고자는 미공개 부정적 정보가 없음을 확인하며, Rule 10b5-1 거래 계획에 의존할 가능성을 언급합니다. 내부자 매도 데이터 외에는 운영이나 수익 관련 업데이트가 포함되어 있지 않습니다.

DexCom, Inc. (DXCM) dépôt du formulaire 144 révèle une proposition de vente de 1 466 actions ordinaires par l'actionnaire Sadie Stern via Morgan Stanley Smith Barney. Les actions, évaluées à 130 459 $, devraient être vendues aux alentours du 28 juillet 2025 sur le NASDAQ. Elles représentent environ 0,0004 % des 392,1 millions d'actions en circulation de DexCom, ce qui implique un impact minimal sur le marché.

Les actions ont été acquises en tant qu'actions restreintes le 19 novembre 2023. Au cours des trois derniers mois, le même détenteur a réalisé quatre ventes totalisant 7 650 actions pour un produit brut de 651 016 $, indiquant un schéma de liquidation en cours. Aucun autre initié ni indicateur financier n'est divulgué.

Le déclarant affirme ne pas être au courant d'informations défavorables non divulguées et mentionne une possible utilisation d'un plan de trading selon la règle 10b5-1. En dehors des données sur les ventes d'initiés, le dépôt ne contient aucune mise à jour opérationnelle ou sur les résultats.

DexCom, Inc. (DXCM) Form 144 Einreichung gibt einen geplanten Verkauf von 1.466 Stammaktien durch Aktionär Sadie Stern über Morgan Stanley Smith Barney bekannt. Die Aktien, bewertet mit 130.459 US-Dollar, sollen etwa am 28. Juli 2025 an der NASDAQ verkauft werden. Sie entsprechen etwa 0,0004% der 392,1 Millionen ausstehenden Aktien von DexCom, was auf eine minimale Marktauswirkung hindeutet.

Die Aktien wurden am 19. November 2023 als eingeschränkte Aktien erworben. In den letzten drei Monaten hat derselbe Inhaber vier Verkäufe mit insgesamt 7.650 Aktien für 651.016 US-Dollar Bruttoerlös abgeschlossen, was auf ein fortlaufendes Liquidationsmuster hinweist. Es werden keine weiteren Insider oder Finanzkennzahlen offengelegt.

Der Einreicher bestätigt, keine nicht offengelegten negativen Informationen zu kennen, und weist auf eine mögliche Nutzung eines Rule 10b5-1 Handelsplans hin. Abgesehen von den Insider-Verkaufsdaten enthält die Einreichung keine operativen oder Gewinn-Updates.

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United States

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549  

 

 

 

FORM 8-K

 

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): July 28, 2025

 

 

 

Merchants Bancorp

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Indiana   001-38258   20-5747400

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

410 Monon Boulevard
Carmel, Indiana 46032

(Address of Principal Executive Offices) (Zip Code)

 

(317) 569-7420

(Registrant’s Telephone Number, Including Area Code)

 

Not Applicable
(Former name or former address, if changed since last report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading
Symbol(s)
Name of each exchange on which registered
Common Stock, without par value MBIN NASDAQ
Depositary Shares, each representing a 1/40th interest in a share of Series C Preferred Stock, without par value MBINN NASDAQ
Depositary Shares, each representing a 1/40th interest in a share of Series D Preferred Stock, without par value MBINM NASDAQ
Depositary Shares, each representing a 1/40th interest in a share of Series E Preferred Stock, without par value MBINL NASDAQ

  

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

  Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.      ¨

 

 

 

 

 

 

Item 2.02. Results of Operations and Financial Condition.

 

On July 28, 2025, Merchants Bancorp issued a press release reporting its financial results for the second quarter of 2025. The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit
No.

 

Description

99.1   Press Release dated July 28, 2025 issued by Merchants Bancorp.
104   Cover Page Interactive Data File. The cover page XBRL tags are embedded within the inline XBRL document.

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  

  MERCHANTS BANCORP
     
Date: July 28, 2025 By:  /s/ Terry Oznick
    Name: Terry Oznick
    Title: General Counsel

 

 

 

 

FAQ

How many DexCom (DXCM) shares are proposed for sale in this Form 144?

The filing covers 1,466 common shares with an estimated value of $130,459.

Who is the selling shareholder in the July 2025 DexCom Form 144?

The seller is Sadie Stern, who previously received the shares as restricted stock.

What percentage of DexCom’s outstanding shares does the 1,466-share sale represent?

Approximately 0.0004 % of the 392.1 million shares outstanding.

How many DexCom shares has the filer sold in the past three months?

The shareholder sold 7,650 shares across four transactions, generating $651,016 in gross proceeds.

When were the shares to be sold originally acquired?

The shares were acquired as restricted stock on 19 Nov 2023.
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