Merchants Bancorp's three largest insider shareholders as of September 09, 2026 are Michael F. Petrie (Chairman And Ceo, 2.61Mn shares), Michael F. Petrie (Chairman And Ceo, 2.41Mn shares), Randall D. Rogers (Vice Chairman, 2.09Mn shares).
| # | Insider | Position | Direct | Indirect | Total | Share of Insiders | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Randall D. Rogers | Vice Chairman | 0 | 2,107,155 | 2,107,155 | 45.7% | 26 Aug, 2024 |
| 2 | Michael F. Petrie | Chairman And Ceo | 2,958 | 727,013 | 729,971 | 15.8% | 31 Jul, 2026 |
| 3 | Julia L. Kaercher | Director | 0 | 727,103 | 727,103 | 15.8% | 31 Jul, 2026 |
| 4 | Patrick D. O'Brien | Director | 200,049 | 80,000 | 280,049 | 6.1% | 21 Aug, 2026 |
| 5 | Michael J. Dunlap | President, Coo | 212,196 | 0 | 212,196 | 4.6% | 03 Feb, 2026 |
| 6 | Michael R. Dury | Ceo Of Merchants Capital | 150,702 | 0 | 150,702 | 3.3% | 07 Aug, 2026 |
| 7 | John F. Macke | Chief Financial Officer | 58,312 | 0 | 58,312 | 1.3% | 02 Feb, 2024 |
| 8 | Susan Dehner Kucer | Indianpolis Market President | 46,074 | 0 | 46,074 | 1.0% | 02 Feb, 2024 |
| 9 | Jerry F. Koors | Merchants Mortgage President | 45,106 | 0 | 45,106 | 1.0% | 03 Feb, 2026 |
| 10 | Andrew Juster | Director | 38,500 | 0 | 38,500 | 0.8% | 21 Aug, 2026 |
| 11 | Kevin T Langford | Chief Administrative Officer | 36,433 | 0 | 36,433 | 0.8% | 07 May, 2026 |
| 12 | Terry A Oznick | Svp, General Counsel | 33,374 | 0 | 33,374 | 0.7% | 03 Feb, 2026 |
| 13 | Scott A. Evans | Lynn Market President | 27,556 | 0 | 27,556 | 0.6% | 03 Feb, 2026 |
| 14 | David N. Shane | Director | 27,527 | 0 | 27,527 | 0.6% | 19 Feb, 2026 |
| 15 | Thomas Dinwiddie | Director | 23,094 | 0 | 23,094 | 0.5% | 21 Aug, 2026 |
| 16 | Sean A. Sievers | Chief Financial Officer | 17,388 | 0 | 17,388 | 0.4% | 03 Feb, 2026 |
| 17 | Anne E. Sellers | Director | 16,987 | 0 | 16,987 | 0.4% | 21 Aug, 2026 |
| 18 | Sue Anne Gilroy | Director | 13,684 | 0 | 13,684 | 0.3% | 19 Feb, 2026 |
| 19 | Martin A Schroeter | President Warehouse Lending | 10,881 | 0 | 10,881 | 0.2% | 12 Feb, 2026 |
| 20 | Tamika Catchings | Director | 8,294 | 0 | 8,294 | 0.2% | 21 Aug, 2026 |
| 21 | Darin L. Thomas | Chief Accounting Officer | 3,353 | 0 | 3,353 | 0.1% | 25 Aug, 2025 |
| 22 | Mark E. Shaffer | Director | 709 | 0 | 709 | 0.0% | 21 Aug, 2026 |
| 23 | Michael S Curless | Director | 709 | 0 | 709 | 0.0% | 21 Aug, 2026 |
Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.
| Date | Insider | Position | Transaction | Shares | Price | Value | Shares Held After | Ownership |
|---|---|---|---|---|---|---|---|---|
| 20 Aug, 2026 | Michael S Curless | Director | Acquired A | 328 | $53.50 | $17.55K | 709 | Direct |
| 20 Aug, 2026 | Andrew Juster | Director | Acquired A | 328 | $53.50 | $17.55K | 26,500 | Direct |
| 20 Aug, 2026 | Anne E. Sellers | Director | Acquired A | 328 | $53.50 | $17.55K | 12,987 | Direct |
| 20 Aug, 2026 | Thomas Dinwiddie | Director | Acquired A | 328 | $53.50 | $17.55K | 23,094 | Direct |
| 20 Aug, 2026 | Mark E. Shaffer | Director | Acquired A | 328 | $53.50 | $17.55K | 709 | Direct |
| 20 Aug, 2026 | Tamika Catchings | Director | Acquired A | 328 | $53.50 | $17.55K | 8,094 | Direct |
| 20 Aug, 2026 | Patrick D. O'Brien | Director | Acquired A | 328 | $53.50 | $17.55K | 120,049 | Direct |
| 05 Aug, 2026 | Michael R. Dury | Ceo Of Merchants Capital | Disposed G | 3,700 | $0.00 | $0 | 120,702 | Direct |
| 30 Jul, 2026 | Michael F. Petrie | Chairman And Ceo | Disposed S | 9,000 | $55.20 | $496.80K | 727,013 | Indirect |
| 30 Jul, 2026 | Julia L. Kaercher | Director | Disposed S | 9,000 | $55.20 | $496.80K | 727,103 | Indirect |
| 03 Jun, 2026 | Michael R. Dury | Ceo Of Merchants Capital | Disposed G | 10,700 | $0.00 | $0 | 124,402 | Direct |
| 21 May, 2026 | Thomas Dinwiddie | Director | Acquired A | 381 | $46.03 | $17.54K | 22,766 | Direct |
| 21 May, 2026 | Tamika Catchings | Director | Acquired A | 381 | $46.03 | $17.54K | 7,766 | Direct |
| 21 May, 2026 | Anne E. Sellers | Director | Acquired A | 381 | $46.03 | $17.54K | 12,659 | Direct |
| 21 May, 2026 | Patrick D. O'Brien | Director | Acquired A | 381 | $46.03 | $17.54K | 119,721 | Direct |
| 21 May, 2026 | Michael S Curless | Director | Acquired A | 381 | $46.03 | $17.54K | 381 | Direct |
| 21 May, 2026 | Mark E. Shaffer | Director | Acquired A | 381 | $46.03 | $17.54K | 381 | Direct |
| 15 May, 2026 | Michael F. Petrie | Chairman And Ceo | Disposed G | 16,000 | $0.00 | $0 | 1,848,994 | Direct |
| 07 May, 2026 | Kevin T Langford | Chief Administrative Officer | Disposed G | 650 | $0.00 | $0 | 36,433 | Direct |
| 05 May, 2026 | Michael F. Petrie | Chairman And Ceo | Disposed S | 20,000 | $46.75 | $935.00K | 1,873,328 | Direct |