Director at Mercantile Bank Corp (MBWM) receives 715-share stock grant in Form 4

Rhea-AI Filing Summary

MERCANTILE BANK CORP director Joseph D. Jones received a grant of 715 shares of Common Stock. The shares were awarded on May 22, 2026 at a reported price of $0.00 per share, reflecting a compensation-related stock award rather than a market purchase.

Following this grant, Jones directly holds 6,506 shares of Mercantile Bank Corp common stock. The filing shows only this single acquisition transaction and no sales or derivative exercises.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jones Joseph D

Role Director

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

Holdings After Transaction: Common Stock — 6,506 shares (Direct)

Footnotes (1)

Key Figures

Shares granted: 715 shares Grant price: $0.00 per share Shares held after grant: 6,506 shares +1 more

4 metrics

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

Grant price $0.00 per share Reported transaction price for 715-share award

Shares held after grant 6,506 shares Total direct Common Stock holdings after transaction

Transaction type Grant, award, or other acquisition Form 4 transaction code A (acquisition)

Key Terms

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

3 terms

Common Stock financial

"MERCANTILE BANK CORP director Joseph D. Jones received a grant of 715 shares of 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.

Grant, award, or other acquisition financial

"The filing classifies the 715-share event under “Grant, award, or other acquisition” with a transaction price of $0.00 per share."

Form 4 regulatory

"No, the Form 4 for MERCANTILE BANK CORP shows no sales by the director."

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 05/27/2026 - 04:22 PM Accepted by SEC EDGAR 05/27/2026 - 04:22 PM Learn about SEC filing dates

FAQ

What insider transaction did MERCANTILE BANK CORP (MBWM) report for Joseph D. Jones?

MERCANTILE BANK CORP reported that director Joseph D. Jones received a grant of 715 shares of Common Stock. The award was recorded at $0.00 per share as a compensation-related acquisition, not as an open-market stock purchase or sale.

How many MERCANTILE BANK CORP (MBWM) shares does Joseph D. Jones hold after this Form 4?

After the reported grant, Joseph D. Jones directly holds 6,506 shares of MERCANTILE BANK CORP Common Stock. This total reflects the addition of 715 granted shares on May 22, 2026, with no sales or derivative exercises disclosed in this filing.

Was the MBWM insider transaction a stock purchase or a grant award?

The MBWM insider transaction was a grant or award, not a market purchase. The filing classifies the 715-share event under “Grant, award, or other acquisition” with a transaction price of $0.00 per share, indicating equity compensation issued to the director.

Did the MERCANTILE BANK CORP (MBWM) director sell any shares in this Form 4?

No, the Form 4 for MERCANTILE BANK CORP shows no sales by the director. It reports only one transaction, a grant of 715 Common Stock shares, increasing Joseph D. Jones’s direct holdings to 6,506 shares with no dispositions listed.

What is the significance of the $0.00 per share price in the MBWM Form 4 filing?

The $0.00 per share price indicates the 715 shares were granted without the director paying cash. This is typical for equity-based compensation awards, distinguishing them from open-market purchases where insiders buy shares at prevailing market prices.

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^*

Jones Joseph D

(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	6,506	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)