Trade Summary

5 days ago, Kaercher Julia L., serving as Dir at Merchants Bancorp (MBIN), sold 9,000 shares at $55.20 per share, for a total transaction value of $496,800.00. Following this transaction, Kaercher Julia L. now holds 727,103 shares of MBIN.

This sale represents a 1.22% decrease in Kaercher Julia L.'s stake in the company. This is considered a medium-conviction trade.

The trade was executed on Thursday, July 30, 2026 and publicly disclosed via SEC Form 4 filing on Friday, July 31, 2026 at 4:17 PM ET, 1 day after the trade was made.

Merchants Bancorp operates in the FINANCIAL SERVICES sector, specifically within the BANKS - REGIONAL industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.