Director at Mercantile Bank (NASDAQ: MBWM) receives 715-share stock grant

Rhea-AI Filing Summary

MERCANTILE BANK CORP director Shoran R. Williams received a stock grant. On May 22, 2026, Williams acquired 715 shares of Mercantile Bank Corp common stock at a stated price of $0.00 per share, recorded as a grant or award rather than an open-market purchase.

After this compensation-related award, Williams directly holds 5,981 common shares. The filing does not show any sales or option exercises, only this non-cash share acquisition that increases the director’s equity stake.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Williams Shoran R

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	715	$0.00	--

Holdings After Transaction: Common Stock — 5,981 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 715 shares Grant price: $0.00 per share Shares held after: 5,981 shares

3 metrics

Shares granted 715 shares Common stock grant on May 22, 2026

Grant price $0.00 per share Recorded value for stock award

Shares held after 5,981 shares Director’s direct holdings following grant

Key Terms

Common Stock, Grant, award, or other acquisition, Form 4

3 terms

Common Stock financial

"MERCANTILE BANK CORP common stock at a stated price of $0.00 per share"

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.

Grant, award, or other acquisition financial

"transaction code description is Grant, award, or other acquisition for 715 shares"

Form 4 regulatory

"The Form 4 shows a grant or award acquisition of 715 common shares"

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.

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^*

Williams Shoran R

(Last) (First) (Middle)

C/O MERCANTILE BANK CORPORATION

310 LEONARD ST. NW

(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		715	A	$0	5,981	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 Shoran R. Williams?

MERCANTILE BANK CORP reported that director Shoran R. Williams received a grant of 715 shares of common stock. The award was recorded at $0.00 per share, indicating a compensation-related grant, not an open-market purchase or sale.

How many MERCANTILE BANK CORP (MBWM) shares does Shoran R. Williams hold after this Form 4?

After the reported grant, Shoran R. Williams directly holds 5,981 shares of MERCANTILE BANK CORP common stock. This total reflects the addition of 715 shares from a compensation-related award on May 22, 2026, with no sales disclosed in this filing.

Was the MERCANTILE BANK CORP (MBWM) Form 4 transaction a market purchase or a grant?

The Form 4 shows a grant or award acquisition of 715 common shares for Shoran R. Williams at $0.00 per share. This indicates a compensation-related stock award, not a market purchase or sale on an exchange at a prevailing market price.

Did Shoran R. Williams sell any MERCANTILE BANK CORP (MBWM) shares in this Form 4?

No sales are reported in this Form 4. The filing only shows an acquisition of 715 common shares through a grant or award, increasing Shoran R. Williams’ direct holdings to 5,981 shares of MERCANTILE BANK CORP common stock after the transaction.

What transaction code is used for the MERCANTILE BANK CORP (MBWM) insider grant?

The transaction uses code “A,” described as a grant, award, or other acquisition. This code, combined with a $0.00 per-share value, confirms the 715-share increase for Shoran R. Williams is a non-cash, compensation-related stock award rather than an open-market trade.