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

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

Top 25 shareholders own 51.27% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10%	BlackRock, Inc.	1,615,003	US$73.3m	3.37%	no data
7.12%	Dimensional Fund Advisors LP	1,148,421	US$52.1m	-1.19%	0.01%
5.19%	The Vanguard Group, Inc.	837,552	US$38.0m	4%	no data
3.29%	Renaissance Technologies LLC	530,913	US$24.1m	1.55%	0.04%
2.8%	State Street Global Advisors, Inc.	451,956	US$20.5m	-0.04%	no data
2.25%	North Star Asset Management, Inc	363,806	US$16.5m	0.7%	0.78%
2.25%	Geode Capital Management, LLC	362,777	US$16.5m	4.15%	no data
2.09%	1st & Main Growth Partners	337,344	US$15.3m	-14.5%	1.59%
1.91%	American Century Investment Management Inc	308,849	US$14.0m	18.2%	0.01%
1.61%	LSV Asset Management	260,129	US$11.8m	15.4%	0.02%
1.54%	Tributary Capital Management, LLC	248,480	US$11.3m	0.3%	0.84%
1.16%	Charles Schwab Investment Management, Inc.	187,911	US$8.5m	0%	no data
1.11%	Northern Trust Global Investments	178,349	US$8.1m	-2.95%	no data
1.08%	AQR Capital Management, LLC	173,793	US$7.9m	108%	0.01%
1.03%	ProShare Advisors LLC	165,684	US$7.5m	-3.72%	0.02%
0.91%	Bridgeway Capital Management, LLC	147,574	US$6.7m	5.13%	0.11%
0.77%	Segall Bryant & Hamill, LLC	124,921	US$5.7m	0%	0.09%
0.77%	Robert Kaminski	124,340	US$5.6m	-4.16%	no data
0.75%	BNY Asset Management	120,689	US$5.5m	2.83%	no data
0.73%	Allianz Asset Management GmbH	118,375	US$5.4m	-0.38%	no data
0.72%	Charles Christmas	116,008	US$5.3m	0%	no data
0.7%	Mercer Global Advisors Inc.	112,377	US$5.1m	0%	0.01%
0.56%	Oberweis Asset Management, Inc.	89,891	US$4.1m	0.63%	0.17%
0.47%	Hotchkis and Wiley Capital Management, LLC	75,320	US$3.4m	6.01%	0.01%
0.46%	Raymond Reitsma	73,915	US$3.4m	0%	no data