Merchants Bancorp Ownership

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

Recent Insider Transactions

NasdaqCM:MBIN Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
14 Nov 23	SellUS$7,654,850	Randall Rogers	Individual	237,894	US$32.18
06 Nov 23	SellUS$671,735	Randall Rogers	Individual	21,157	US$31.75
03 Nov 23	SellUS$4,389,400	Randall Rogers	Individual	138,843	US$31.64
01 Nov 23	SellUS$607,939	Michael Petrie	Individual	20,064	US$30.30
14 Sep 23	SellUS$64,975	Randall Rogers	Individual	2,300	US$28.25
10 Aug 23	SellUS$20,638	Michael Petrie	Individual	649	US$31.80
08 Aug 23	SellUS$373,363	Michael Petrie	Individual	11,778	US$31.70
04 May 23	BuyUS$55,325	Michael Dunlap	Individual	2,500	US$22.13

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of MBIN?
Owner Type	Number of Shares	Ownership Percentage
State or Government	0	0%
Private Companies	4,904	0.0113%
Institutions	12,132,665	28%
General Public	13,734,625	31.7%
Individual Insiders	17,482,524	40.3%

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

Top Shareholders

Top 25 shareholders own 59.28% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
31.5%	Michael Petrie	13,648,914	US$550.5m	0.04%	no data
7.43%	Randall Rogers	3,223,025	US$130.0m	0.01%	no data
3.38%	BlackRock, Inc.	1,466,707	US$59.2m	10.2%	no data
2.24%	The Vanguard Group, Inc.	970,840	US$39.2m	2.82%	no data
1.83%	Dimensional Fund Advisors LP	795,381	US$32.1m	14.7%	0.01%
1.37%	Basswood Capital Management, L.L.C.	595,843	US$24.0m	-17%	1.51%
1.27%	JP Morgan Asset Management	549,273	US$22.2m	-5.81%	no data
1.22%	1st & Main Growth Partners	527,700	US$21.3m	3.53%	2.31%
1.12%	Geode Capital Management, LLC	487,009	US$19.6m	3.96%	no data
0.99%	Bridgeway Capital Management, LLC	428,263	US$17.3m	5.79%	0.29%
0.92%	State Street Global Advisors, Inc.	399,639	US$16.1m	5.88%	no data
0.7%	Morgan Stanley, Investment Banking and Brokerage Investments	303,720	US$12.2m	236%	no data
0.54%	Valeo Financial Advisors, LLC	235,326	US$9.5m	-8.37%	0.28%
0.52%	American Century Investment Management Inc	227,430	US$9.2m	20.6%	no data
0.52%	Charles Schwab Investment Management, Inc.	224,580	US$9.1m	0%	no data
0.5%	Federated Hermes, Inc.	217,274	US$8.8m	42,300%	0.02%
0.42%	PL Capital Advisors, LLC	183,294	US$7.4m	-6.38%	2.65%
0.41%	Hotchkis and Wiley Capital Management, LLC	179,920	US$7.3m	-3.69%	0.02%
0.4%	Goldman Sachs Asset Management, L.P.	173,673	US$7.0m	25.3%	no data
0.4%	Northern Trust Global Investments	171,855	US$6.9m	5.18%	no data
0.35%	BNY Mellon Asset Management	149,715	US$6.0m	-10.7%	no data
0.34%	Maltese Capital Management, LLC	147,665	US$6.0m	25.7%	1.71%
0.32%	Assenagon Asset Management S.A.	138,089	US$5.6m	8.84%	0.01%
0.3%	First Trust Advisors LP	130,017	US$5.2m	-2.56%	no data
0.29%	Michael Dunlap	125,833	US$5.1m	16.8%	no data