Mercantile Bank Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:MBWM Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
14 Nov 24	SellUS$198,040	Robert Kaminski	Individual	4,000	US$49.51
26 Aug 24	SellUS$227,860	Michael Price	Individual	5,000	US$45.58
22 Jul 24	SellUS$242,210	Robert Kaminski	Individual	5,000	US$48.73
19 Jul 24	SellUS$235,400	Michael Price	Individual	5,000	US$47.08
11 Jun 24	BuyUS$9,972	Nelson Sanchez	Individual	277	US$36.10
07 Jun 24	BuyUS$9,995	Nelson Sanchez	Individual	270	US$37.10
11 Mar 24	BuyUS$3,651	Nelson Sanchez	Individual	100	US$36.51

Insider Trading Volume

Insider Buying: MBWM insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of MBWM?
Owner Type	Number of Shares	Ownership Percentage
State or Government	8,732	0.0541%
Individual Insiders	479,544	2.97%
General Public	5,404,486	33.5%
Institutions	10,249,167	63.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 51.18% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10%	BlackRock, Inc.	1,615,003	US$78.1m	3.37%	no data
7.05%	Dimensional Fund Advisors LP	1,137,354	US$55.0m	-0.96%	0.01%
5.37%	The Vanguard Group, Inc.	867,525	US$41.9m	3.58%	no data
3.37%	Renaissance Technologies LLC	543,586	US$26.3m	2.39%	0.04%
2.72%	State Street Global Advisors, Inc.	438,524	US$21.2m	-2.97%	no data
2.34%	Geode Capital Management, LLC	376,979	US$18.2m	3.91%	no data
2.25%	North Star Asset Management, Inc	362,759	US$17.5m	-0.29%	0.81%
2.23%	American Century Investment Management Inc	360,344	US$17.4m	16.7%	0.01%
1.89%	1st & Main Growth Partners	305,847	US$14.8m	-9.34%	1.49%
1.71%	LSV Asset Management	276,629	US$13.4m	6.34%	0.03%
1.53%	Tributary Capital Management, LLC	247,432	US$12.0m	-0.42%	0.92%
1.22%	Charles Schwab Investment Management, Inc.	196,324	US$9.5m	4.48%	no data
1.12%	Northern Trust Global Investments	179,999	US$8.7m	0.93%	no data
1.02%	ProShare Advisors LLC	165,396	US$8.0m	-3.89%	0.02%
0.95%	Bridgeway Capital Management, LLC	152,934	US$7.4m	3.63%	0.12%
0.72%	Charles Christmas	116,008	US$5.6m	0%	no data
0.7%	Allianz Asset Management GmbH	113,605	US$5.5m	-4.03%	no data
0.7%	Robert Kaminski	113,090	US$5.5m	-9.23%	no data
0.7%	Mercer Global Advisors Inc.	112,377	US$5.4m	0%	0.01%
0.69%	BNY Asset Management	110,688	US$5.3m	-8.29%	no data
0.68%	Segall Bryant & Hamill, LLC	110,482	US$5.3m	-11.6%	0.07%
0.63%	Goldman Sachs Group, Investment Banking and Securities Investments	101,845	US$4.9m	74.6%	no data
0.54%	Morgan Stanley, Investment Banking and Brokerage Investments	87,386	US$4.2m	30.8%	no data
0.53%	Millennium Management LLC	86,218	US$4.2m	50.9%	no data
0.51%	AQR Capital Management, LLC	82,466	US$4.0m	-52.6%	0.01%