Michael J. Dunlap Merchants Bancorp (MBIN) insider trading activity

Michael J. Dunlap is President, COO of Merchants Bancorp. Currently has a direct ownership of 199,911 shares of MBIN, which is worth approximately $6.98 Million. The most recent transaction as insider was on Apr 29, 2025, when has been sold 4,000 shares (Common Stock) at a price of $30.68 per share, resulting in proceeds of $122,720. This information was disclosed in a Form 4 filing with the Securities and Exchange Commission (SEC).

Shares Held (Direct Ownership) 200K

2.04% 3M change

8.11% 12M change

Total Value Held $6.98 Million

Michael J. Dunlap Transaction History

Date	Transaction	Value	Shares Traded	Shares Held
Apr 29 2025	BUY Open market or private purchase	$122,720 $30.68 p/Share	4,000 Added 1.96%	199,911 Common Stock
Feb 01 2025	SELL Payment of exercise price or tax liability	$400,725 $41.93 p/Share	9,557 Reduced 4.65%	195,911 Common Stock
Jan 28 2025	BUY Grant, award, or other acquisition	-	20,562 Added 9.1%	205,468 Common Stock
Jan 02 2025	SELL Sale (or disposition) back to the issuer	$37,500 $25.0 p/Share	1,500 Reduced 100.0%	0 Series B depositary sh...
Feb 01 2024	SELL Payment of exercise price or tax liability	$555,716 $42.17 p/Share	13,178 Reduced 6.65%	184,906 Common Stock
Jan 24 2024	BUY Grant, award, or other acquisition	-	34,869 Added 14.97%	198,084 Common Stock
May 04 2023	BUY Open market or private purchase	$55,325 $22.13 p/Share	2,500 Added 1.51%	163,215 Common Stock
May 04 2023	BUY Open market or private purchase	$26,250 $17.5 p/Share	1,500 Added 50.0%	1,500 Series B depositary sh...
Feb 01 2023	SELL Payment of exercise price or tax liability	$337,070 $30.05 p/Share	11,217 Reduced 6.52%	160,715 Common Stock
Jan 24 2023	BUY Grant, award, or other acquisition	-	20,809 Added 10.8%	171,932 Common Stock
Feb 01 2022	SELL Payment of exercise price or tax liability	$244,781 $30.4 p/Share	8,052 Reduced 5.06%	151,123 Common Stock
Jan 24 2022	BUY Grant, award, or other acquisition	-	32,834 Added 16.92%	161,177 Common Stock
Nov 16 2021	SELL Open market or private sale	$33,600 $28.0 p/Share	1,200 Reduced 100.0%	0 Series A Preferred Stock
Feb 01 2021	SELL Payment of exercise price or tax liability	$78,810 $31.92 p/Share	2,469 Reduced 2.85%	84,227 Common Stock
Jan 19 2021	BUY Grant, award, or other acquisition	-	26,637 Added 23.5%	86,696 Common Stock
Nov 30 2020	SELL Payment of exercise price or tax liability	$70,090 $26.64 p/Share	2,631 Reduced 4.2%	60,059 Common Stock

MJD

Michael J. Dunlap

President, COO

Carmel, IN

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