MBIN Merchants Bancorp

• $490K bought by 1 insider
• $5.7M sold by 3 insiders outside a trading plan
• None no planned (10b5-1) sales

1. Insider
   Trade
   Value
   Traded, filed
2. Julia L. Kaercher Director
   Sale
   $497K 9,000 shares at $55.20 1.2% of stake
   Traded Jul 30 Filed Jul 31
   ↗
3. Michael F. Petrie CEO
   Sale
   $1.8M 39,030 shares at $46.77
   Traded May 5–6 Filed May 7
   ↗
4. Michael F. Petrie CEO
   Sale
   $949K 29,248 shares at $32.46
   Traded Feb 25–26 Filed Feb 27
   ↗
5. Michael F. Petrie CEO
   Sale
   $32K 1,602 shares at $20.20 8.5% of stake
   Traded Feb 17–18 Filed Feb 19
   ↗
6. Martin A Schroeter President-Warehouse Lending
   Sale
   $253K 5,500 shares at $46.06 34% of stake
   Traded Feb 10 Filed Feb 12
   ↗
7. Michael F. Petrie CEO
   Sale
   $90K 4,455 shares at $20.20 19% of stake
   Traded Feb 10 Filed Feb 12
   ↗
8. Michael F. Petrie CEO
   Sale
   $440K 21,759 shares at $20.20 48% of stake
   Traded Feb 6–9 Filed Feb 10
   ↗
9. Michael F. Petrie CEO
   Sale
   $209K 10,346 shares at $20.20 19% of stake
   Traded Feb 3–5 Filed Feb 5
   ↗
10. Michael F. Petrie CEO
    Sale
    $49K 2,404 shares at $20.20 4.2% of stake
    Traded Feb 2 Filed Feb 3
    ↗
11. Michael F. Petrie CEO
    Sale
    $271K 14,257 shares at $19.00 20% of stake
    Traded Dec 10–12 Filed Dec 12, 2025
    ↗
12. Michael F. Petrie CEO
    Sale
    $21K 1,129 shares at $19.03 1.5% of stake
    Traded Dec 8, 2025 Filed Dec 9, 2025
    ↗
13. Michael F. Petrie CEO
    Sale
    $120K 6,268 shares at $19.14 7.9% of stake
    Traded Dec 4–5 Filed Dec 5, 2025
    ↗
14. Michael F. Petrie CEO
    Sale
    $52K 2,659 shares at $19.53 3.2% of stake
    Traded Dec 1–2 Filed Dec 3, 2025
    ↗
15. Michael F. Petrie CEO
    Sale
    $42K 2,177 shares at $19.30 2.6% of stake
    Traded Nov 25–26 Filed Nov 28, 2025
    ↗

Also filed in the last 12 months, not counted as buying or selling: 35 stock grants, 9 share withholdings for taxes, and 4 gifts.