Merchants Bancorp MBIN Insider Ownership

NASDAQ MBIN

$47.81 -0.61 (-1.26%)

As of: Oct 21, 2026 · 1:16 PM EDT

Insider Holdings by Owner

4.62Mn Shares

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

22.76%

▼-5.99% pp QoQ

Shares Held by Insiders

10.46Mn

filed for Sep 2026

▼-20.82% QoQ

Shares Outstanding

45.94Mn

45,938,075 shares

Direct Holdings

2.58Mn

Indirect: 7.88Mn

Net Shares Traded (QoQ)

-2.75Mn

net selling in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Insiders

Bought Sold

Latest quarter —

Net over range —

Buying quarters —

Insider Ownership Summary

Updated Oct 5, 2026

Over the trailing 12 months, MBIN insiders bought $490,420 worth of shares (15.5K shares) and sold $3.24 million worth (68.53K shares) in open-market trades.

By number of insiders, Merchants Bancorp saw one insider buy and 2 insiders sell on the open market over the past 12 months.
Among Merchants Bancorp's insiders, the largest open-market purchases in the past 12 months were by Michael R. Dury (CEO of Merchants Capital), totaling $490,420 (15.5K shares), most recently on October 30, 2025.
Meanwhile, the largest open-market sales of MBIN in the past 12 months were by Michael F. Petrie (Chairman and CEO), totaling $2.98 million (63.03K shares), most recently on July 30, 2026.
Outside the open market, Merchants Bancorp insiders received 67.1K shares in stock awards, gave up 30.46K shares to cover taxes or exercise prices and gave away 31.05K shares as gifts over the past 12 months.
Per Business Quant data, Merchants Bancorp insiders hold 10.46Mn shares in total based on their latest Form 4 filings, down 20.82% from 13.21Mn shares at the end of Q2 2026 and down 21.60% from 13.34Mn shares at the end of Q3 2025.
Direct holdings account for 2.58Mn shares (24.66%) of MBIN's insider total, and indirect holdings through trusts, partnerships and family members for 7.88Mn shares (75.34%).
Holdings in Merchants Bancorp stock are reported by 19 insiders, the officers, directors and 10% owners who have filed a Form 4 in the past two years.
Merchants Bancorp's three biggest insider holders are Michael F. Petrie (Chairman and CEO, 9.71Mn shares), Michael J. Dunlap (President, COO, 212.2K shares) and Michael R. Dury (CEO of Merchants Capital, 120.7K shares), based on their latest Form 4 filings.
The largest insider, Michael F. Petrie, holds 92.85% of MBIN's insider total.
A total of 66 Form 4 filings with transactions in Merchants Bancorp stock were made over the past 12 months, by 19 insiders.
The insider holdings and trades above for Merchants Bancorp reflect Form 4 filings through August 21, 2026.

Form 4 Holdings

Insiders Holding MBIN

Insiders 23

Shares held 4.62Mn

Of outstanding 10.05%

#	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.

Form 4 Filings

553 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
20 Aug, 2026	Patrick D. O'Brien	Director	Acquired A	328	$53.50	$17.55K	120,049	Direct
20 Aug, 2026	Thomas Dinwiddie	Director	Acquired A	328	$53.50	$17.55K	23,094	Direct
20 Aug, 2026	Anne E. Sellers	Director	Acquired A	328	$53.50	$17.55K	12,987	Direct
20 Aug, 2026	Andrew Juster	Director	Acquired A	328	$53.50	$17.55K	26,500	Direct
20 Aug, 2026	Tamika Catchings	Director	Acquired A	328	$53.50	$17.55K	8,094	Direct
20 Aug, 2026	Mark E. Shaffer	Director	Acquired A	328	$53.50	$17.55K	709	Direct
20 Aug, 2026	Michael S Curless	Director	Acquired A	328	$53.50	$17.55K	709	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	Anne E. Sellers	Director	Acquired A	381	$46.03	$17.54K	12,659	Direct
21 May, 2026	Mark E. Shaffer	Director	Acquired A	381	$46.03	$17.54K	381	Direct
21 May, 2026	Andrew Juster	Director	Acquired A	381	$46.03	$17.54K	26,172	Direct
21 May, 2026	Michael S Curless	Director	Acquired A	381	$46.03	$17.54K	381	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	Patrick D. O'Brien	Director	Acquired A	381	$46.03	$17.54K	119,721	Direct
15 May, 2026	Michael F. Petrie	Chairman And Ceo	Disposed G	16,000	$0.00	$0	1,848,994	Direct
05 May, 2026	Michael F. Petrie	Chairman And Ceo	Disposed S	20,000	$46.75	$935.00K	1,873,328	Direct

Showing 1 to 20 of 553 transactions