Trade Summary

2 months ago, Dury Michael R., serving as CEO of Merchants Capital at Merchants Bancorp (MBIN), purchased 15,500 shares at $31.64 per share, for a total transaction value of $490,420.00. Following this transaction, Dury Michael R. now holds 186,274 shares of MBIN.

This purchase represents a 9.00% increase in Dury Michael R.'s stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Thursday, October 30, 2025 and publicly disclosed via SEC Form 4 filing on Monday, November 3, 2025, 4 days after the trade was made.

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