Trade Summary

8 months ago, Sievers Sean A., serving as CFO at Merchants Bancorp (MBIN), purchased 3,000 shares at $24.87 per share, for a total transaction value of $74,610.00. Following this transaction, Sievers Sean A. now holds 11,207 shares of MBIN.

This purchase represents a 37.00% increase in Sievers Sean A.'s stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Monday, September 15, 2025 and publicly disclosed via SEC Form 4 filing on Thursday, September 18, 2025 at 8:29 AM ET, 3 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.