SEC Form 4
Merchants Bancorp (MBIN) insider trading
In the 12 months to Nov 12, 2026, 3 MBIN insiders reported open-market sales of $5.7M across 18 filings; no open-market purchases were filed.
Latest filing · Last 12 months · Source: SEC EDGAR · How we count
- Open-market sales
- $5.7M
- 18 filings · 3 insiders
- Open-market purchases
- $0
- 0 filings
Who traded MBIN, and when
- Sale
MBIN daily close from Nov 12, 2025 to Nov 11, 2026, between $30.42 and $55.72, last $53.56. 18 sale and 0 purchase filings by 3 insiders, marked at their filing dates. Michael F. Petrie, Chairman and CEO: sold $4.9M across 16 filings, first filed Nov 13, 2025, last Jul 31, 2026. Julia L. Kaercher, Director: sold $496.8K across 1 filing, first filed Jul 31, 2026, last Jul 31, 2026. Martin A. Schroeter, President-Warehouse Lending: sold $253.3K across 1 filing, first filed Feb 12, 2026, last Feb 12, 2026.
Largest mark · tap a row for others
Michael F. Petrie · Chairman and CEO
Sale $1,825,569
39,030 shares at $46.77 avg
Filed May 7, 2026 · traded May 5
Close on filing date $46.79
Michael F. Petrie · Chairman and CEO
Chairman and CEO
$4.9M soldJulia L. Kaercher · Director
Director
$496.8K soldMartin A. Schroeter · President-Warehouse Lending
President-Warehouse Lending
$253.3K soldOpen-market trades
18 filings in the last 12 months| Insider | Role | Sold | Bought | Filings | Pre-arranged (10b5-1) | Last filed |
|---|---|---|---|---|---|---|
| Michael F. Petrie | Chairman and CEO | $4.9M | — | 16 | — | |
| Julia L. Kaercher | Director | $496.8K | — | 1 | — | |
| Martin A. Schroeter | President-Warehouse Lending | $253.3K | — | 1 | — |
| Filed | Insider | Type | Shares | Avg price | Value | Held after | Source |
|---|---|---|---|---|---|---|---|
traded | Michael F. Petrie Chairman and CEO | Sale | 9,000 | $55.20 | $496.8K | 727,013 | |
traded | Julia L. Kaercher Director | Sale | 9,000 | $55.20 | $496.8K | 727,103 | |
traded | Michael F. Petrie Chairman and CEO | Sale | 39,030 | $46.77 | $1.8M | Multiple accounts | |
traded | Michael F. Petrie Chairman and CEO | Sale | 29,248 | $32.46 | $949.3K | 1,893,328 | |
traded | Michael F. Petrie Chairman and CEO | Sale | 1,602 | $20.20 | $32.4K | 17,206 | |
traded | Michael F. Petrie Chairman and CEO | Sale | 4,455 | $20.20 | $90.0K | 18,808 | |
traded | Martin A. Schroeter President-Warehouse Lending | Sale | 5,500 | $46.06 | $253.3K | 10,881 | |
traded | Michael F. Petrie Chairman and CEO | Sale | 21,759 | $20.20 | $439.5K | 23,263 | |
traded | Michael F. Petrie Chairman and CEO | Sale | 10,346 | $20.20 | $209.0K | 45,022 | |
traded | Michael F. Petrie Chairman and CEO | Sale | 2,404 | $20.20 | $48.6K | 55,368 | |
traded | Michael F. Petrie Chairman and CEO | Sale | 14,257 | $19.00 | $270.9K | 57,772 | |
traded | Michael F. Petrie Chairman and CEO | Sale | 1,129 | $19.03 | $21.5K | 72,029 | |
traded | Michael F. Petrie Chairman and CEO | Sale | 6,268 | $19.14 | $120.0K | 73,158 | |
traded | Michael F. Petrie Chairman and CEO | Sale | 2,659 | $19.53 | $51.9K | 79,426 | |
traded | Michael F. Petrie Chairman and CEO | Sale | 2,177 | $19.30 | $42.0K | 82,085 | |
traded | Michael F. Petrie Chairman and CEO | Sale | 13,468 | $19.22 | $258.9K | 84,262 | |
traded | Michael F. Petrie Chairman and CEO | Sale | 1,170 | $19.80 | $23.2K | 97,730 | |
traded | Michael F. Petrie Chairman and CEO | Sale | 1,100 | $19.87 | $21.9K | 98,900 |
GET /stocks/filings/vX/form-4?tickers=MBIN&filing_date.gte=2025-11-12&sort=filing_date.desc&limit=500{
"status": "OK",
"results": [
{
"tickers": [
"MBIN",
"MBINL",
"MBINM",
"MBINN"
],
"issuer_cik": "0001629019",
"owner_cik": "0002135960",
"accession_number": "0002135960-26-000002",
"form_type": "4",
"filing_date": "2026-07-31",
"period_of_report": "2026-07-30",
"issuer_name": "Merchants Bancorp",
"issuer_trading_symbol": "MBIN",
"owner_name": "Kaercher Julia L.",
"is_director": true,
"is_officer": false,
"is_ten_percent_owner": false,
"is_other": false,
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Stock",
"transaction_timeliness": "O",
"aff_10b5_one": false,
"transaction_date": "2026-07-30",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 9000,
"transaction_price_per_share": 55.2,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 727103,
"transaction_value": 496800,
"not_subject_to_section_16": false,
"direct_or_indirect": "I",
"nature_of_ownership": "As Trustee of The Petrie Grandchildren Trust",
"footnotes": [
{
"id": "F1",
"description": "The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.20 to $55.23 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."
}
]
},
{
"tickers": [
"MBIN",
"MBINL",
"MBINM",
"MBINN"
],
"issuer_cik": "0001629019",
"owner_cik": "0001718348",
"accession_number": "0001718348-26-000011",
"form_type": "4",
"filing_date": "2026-07-31",
"period_of_report": "2026-07-30",
"issuer_name": "Merchants Bancorp",
"issuer_trading_symbol": "MBIN",
"owner_name": "Petrie Michael F.",
"is_director": true,
"is_officer": true,
"is_ten_percent_owner": true,
"is_other": false,
"officer_title": "Chairman and CEO",
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Stock",
"transaction_timeliness": "O",
"aff_10b5_one": false,
"transaction_date": "2026-07-30",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 9000,
"transaction_price_per_share": 55.2,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 727013,
"transaction_value": 496800,
"not_subject_to_section_16": false,
"direct_or_indirect": "I",
"nature_of_ownership": "Spouse is Trustee of The Petrie Grandchildren Trust",
"footnotes": [
{
"id": "F1",
"description": "The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.20 to $55.23 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."
}
]
}
]
}
// trimmed to 2 resultsThe response includes every Form 4 record; this page keeps open-market purchases and sales on common stock and removes duplicate joint-filer rows.
Other insider activity (not market trades) · 50 records
- Tax withholding9 records
- Grants and awards35 records
- Gifts6 records
Reported on Form 4 but not purchases or sales in the market, so not counted in the totals above.
How to read this page
- Open-market purchase or sale
- A buy or sell of the company's stock at market price. Grants, option exercises, shares withheld for tax, gifts and employee stock plan purchases are listed separately and not counted.
- Filing date
- Insiders have two business days to report a trade. Totals and the chart use the filing date, when the trade became public.
Frequently asked questions
Has Merchants Bancorp's CEO sold stock?
Yes. Michael F. Petrie (CEO) sold 160,072 shares ($4.9M) between Nov 2025 and Jul 2026. Michael R. Dury (CEO) made no open-market sales filed as CEO in the last 12 months.
How current is MBIN’s insider data?
These are MBIN Form 4 filings from the last year, refreshed daily. The Massive Form 4 API has the full, continuously updated record.
What counts as an open-market buy or sell?
Only purchases and sales at the market price. Option exercises, grants, gifts, and shares withheld for taxes are reported on Form 4 but are left out of the buy and sell totals.
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Track MBIN insider trades with your agent
This page joins two Massive endpoints: Form 4 filings and daily prices. Ask an agent to watch for new filings:
Using the Massive API (massive.com/docs/llms.txt), check Form 4 filings for MBIN every day with transaction_code=P and tell me when an insider files an open-market purchase, with their role, shares, price and the filing link.
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