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	Role	Shares	Max Price
11 Mar 24	BuyUS$3,651	Nelson Sanchez	Individual		100	US$36.51
26 Jul 23	SellUS$137,160	Michael Price	Individual		4,000	US$34.33

Insider Trading Volume

Insider Buying: MBWM insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of MBWM?
Owner Type	Number of Shares	Ownership Percentage
State or Government	0	0%
Private Companies	1,772	0.011%
Individual Insiders	497,875	3.09%
General Public	6,113,776	37.9%
Institutions	9,503,199	59%

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

Top Shareholders

Top 25 shareholders own 49.68% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.65%	BlackRock, Inc.	1,554,923	US$57.5m	9.19%	no data
7.15%	Dimensional Fund Advisors LP	1,151,731	US$42.6m	0.03%	0.01%
4.86%	The Vanguard Group, Inc.	783,718	US$29.0m	-2.02%	no data
3.34%	Renaissance Technologies LLC	538,413	US$19.9m	0.69%	0.03%
2.93%	1st & Main Growth Partners	471,558	US$17.4m	-4.38%	1.91%
2.49%	State Street Global Advisors, Inc.	400,905	US$14.8m	1.59%	no data
2.25%	North Star Asset Management, Inc	362,309	US$13.4m	0.47%	0.69%
2.08%	Geode Capital Management, LLC	335,905	US$12.4m	4.31%	no data
1.54%	Tributary Capital Management, LLC	247,727	US$9.2m	-20.9%	0.78%
1.32%	LSV Asset Management	212,678	US$7.9m	0%	0.01%
1.31%	American Century Investment Management Inc	211,035	US$7.8m	27.8%	no data
1.24%	Charles Schwab Investment Management, Inc.	199,041	US$7.4m	0%	no data
1.21%	Northern Trust Global Investments	194,563	US$7.2m	2.72%	no data
1.17%	Stieven Capital Advisors, L.P.	189,173	US$7.0m	-11.7%	1.58%
0.83%	Bridgeway Capital Management, LLC	133,374	US$4.9m	6.11%	0.08%
0.8%	Robert Kaminski	128,724	US$4.8m	-5.49%	no data
0.8%	Hotchkis and Wiley Capital Management, LLC	128,640	US$4.8m	-6.23%	0.02%
0.76%	BNY Mellon Asset Management	121,864	US$4.5m	-2.6%	no data
0.72%	Charles Christmas	116,008	US$4.3m	-2.64%	no data
0.7%	Mercer Global Advisors Inc.	112,377	US$4.2m	29.7%	0.01%
0.57%	Morgan Stanley, Investment Banking and Brokerage Investments	92,399	US$3.4m	55.5%	no data
0.55%	RBC Global Asset Management Inc.	88,123	US$3.3m	12.5%	no data
0.53%	Oberweis Asset Management, Inc.	85,315	US$3.2m	-0.34%	0.17%
0.46%	Raymond Reitsma	73,915	US$2.7m	-6.05%	no data
0.45%	Hillsdale Investment Management Inc.	72,846	US$2.7m	-4.83%	0.13%