Director David Ramaker receives 801-share stock grant at Mercantile Bank (NASDAQ: MBWM)

Rhea-AI Filing Summary

RAMAKER DAVID B reported acquisition or exercise transactions in this Form 4 filing.

Mercantile Bank Corp director David B. Ramaker received a grant of 801 shares of Common Stock as compensation. The shares were awarded on May 22, 2026 at a stated price of $0.00 per share. Following this award, he directly holds 15,815 Common Stock shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider RAMAKER DAVID B

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	801	$0.00	--

Holdings After Transaction: Common Stock — 15,815 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 801 shares Grant price: $0.00 per share Shares held after grant: 15,815 shares +1 more

4 metrics

Shares granted 801 shares Common Stock grant on May 22, 2026

Grant price $0.00 per share Reported transaction price for the stock award

Shares held after grant 15,815 shares Total direct Common Stock holdings after transaction

Transaction code A Grant, award, or other acquisition of non-derivative Common Stock

Key Terms

Grant, award, or other acquisition, Common Stock, Form 4, non-derivative

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

non-derivative financial

"transaction_type: non-derivative"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RAMAKER DAVID B

(Last) (First) (Middle)

C/O MERCANTILE BANK CORPORATION

310 LEONARD ST.

(Street)

GRAND RAPIDS MICHIGAN 49504

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MERCANTILE BANK CORP [ MBWM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/22/2026		A		801	A	$0	15,815	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Adin J. Tarr, Attorney-in-Fact	05/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Mercantile Bank Corp (MBWM) report for David B. Ramaker?

Mercantile Bank Corp reported that director David B. Ramaker received a grant of 801 Common Stock shares. This was a compensation-related award classified as a grant, award, or other acquisition, not an open-market purchase or sale.

How many Mercantile Bank Corp (MBWM) shares were granted to David B. Ramaker?

David B. Ramaker was granted 801 shares of Mercantile Bank Corp Common Stock. The Form 4 describes this as a grant, award, or other acquisition, increasing his directly held position without any reported cash paid per share.

At what price were the Mercantile Bank Corp (MBWM) shares granted to David B. Ramaker?

The 801 Mercantile Bank Corp shares granted to David B. Ramaker carried a reported price of $0.00 per share. This indicates a compensation-related stock award rather than an open-market transaction involving cash consideration from the director.

What are David B. Ramaker’s Mercantile Bank Corp (MBWM) holdings after this grant?

After receiving the 801-share grant, David B. Ramaker directly holds 15,815 Mercantile Bank Corp Common Stock shares. This total reflects his position immediately following the reported award transaction on May 22, 2026, as disclosed in the Form 4.

Was the Mercantile Bank Corp (MBWM) transaction a buy or a grant for David B. Ramaker?

The transaction for David B. Ramaker was a grant, not an open-market buy. It is classified as a “Grant, award, or other acquisition” with transaction code A, meaning the shares were awarded as compensation rather than purchased on the market.