Merchants Bancorp Inc. Insider Trading

MBIN

Last 12 months

Insiders sold $5.65M and bought nothing on the open market.

None of the selling was scheduled in advance under a 10b5-1 plan. Chairman and CEO Michael F. Petrie sold $1.83M on May 6 outside a plan. The last open-market buy by an executive or director was in Oct 2025.

Net open-market

−$5.65M

0 buys · 18 sales

Under a 10b5-1 plan

of the value sold

Insiders who bought / sold

0 / 3

executives and directors

Last open-market buy

Oct 2025

Oct 30, 2025

Get an email when MBIN's executives or directors buy, or make a large sale outside a plan.

Trades · last 2 years

Date	Insider	Trade	Shares	Price	Value	Of their stake	Filing
Jul 30	Julia L. Kaercher Director	SoldNo plan	9,000	$55.20	497K	1.1%	Form 4
Jul 30	Michael F. Petrie Chairman and CEO	SoldNo plan	9,000	$55.20	497K	<0.1%	Form 4
May 5 – 6	Michael F. Petrie Chairman and CEO	SoldNo plan 3 parts	39,030	$46.77 average	$1.83M	0.3%	Form 4
Feb 25 – 26	Michael F. Petrie Chairman and CEO	SoldNo plan 3 parts	29,248	$32.46 average	949K	0.2%	Form 4
Feb 17 – 18	Michael F. Petrie Chairman and CEO	SoldNo plan 2 parts	1,602	$20.20 average	32K	<0.1%	Form 4
Feb 10	Martin A Schroeter President-Warehouse Lending	SoldNo plan	5,500	$46.06	253K	34%	Form 4
Feb 10	Michael F. Petrie Chairman and CEO	SoldNo plan	4,455	$20.20	90K	<0.1%	Form 4
Feb 6 – 9	Michael F. Petrie Chairman and CEO	SoldNo plan 2 parts	21,759	$20.20 average	440K	0.2%	Form 4
Feb 3 – 5	Michael F. Petrie Chairman and CEO	SoldNo plan 3 parts	10,346	$20.20 average	209K	<0.1%	Form 4
Feb 2	Michael F. Petrie Chairman and CEO	SoldNo plan	2,404	$20.20	49K	<0.1%	Form 4
Dec 10, 2025 – Dec 12, 2025	Michael F. Petrie Chairman and CEO	SoldNo plan 3 parts	14,257	$19.00 average	271K	0.1%	Form 4
Dec 8, 2025	Michael F. Petrie Chairman and CEO	SoldNo plan	1,129	$19.03	21K	<0.1%	Form 4
Dec 4, 2025 – Dec 5, 2025	Michael F. Petrie Chairman and CEO	SoldNo plan 2 parts	6,268	$19.14 average	120K	<0.1%	Form 4
Dec 1, 2025 – Dec 2, 2025	Michael F. Petrie Chairman and CEO	SoldNo plan 2 parts	2,659	$19.53 average	52K	<0.1%	Form 4
Nov 25, 2025 – Nov 26, 2025	Michael F. Petrie Chairman and CEO	SoldNo plan 2 parts	2,177	$19.30 average	42K	<0.1%	Form 4
Nov 21, 2025 – Nov 24, 2025	Michael F. Petrie Chairman and CEO	SoldNo plan 2 parts	13,468	$19.22 average	259K	0.1%	Form 4
Nov 14, 2025 – Nov 18, 2025	Michael F. Petrie Chairman and CEO	SoldNo plan 2 parts	1,170	$19.80 average	23K	<0.1%	Form 4
Nov 10, 2025 – Nov 13, 2025	Michael F. Petrie Chairman and CEO	SoldNo plan 2 parts	1,100	$19.87 average	22K	<0.1%	Form 4
Oct 30, 2025	Michael R. Dury CEO of Merchants Capital	Bought	15,500	$31.64	490K	9.1%	Form 4
Sep 15, 2025	Sean A. Sievers Chief Financial Officer	Bought	3,000	$24.87	75K	37%	Form 4
Aug 22, 2025	Darin L. Thomas Chief Accounting Officer	Bought 2 parts	3,353	$29.71 average	100K	New	Form 4
Aug 1, 2025	Sean A. Sievers Chief Financial Officer	Bought	2,500	$29.75	74K	44%	Form 4
Jul 30, 2025	Michael R. Dury CEO of Merchants Capital	Bought 2 parts	16,000	$31.56 average	505K	10%	Form 4
May 1, 2025	Michael R. Dury CEO of Merchants Capital	Bought	3,305	$30.86	102K	2.2%	Form 4
Apr 30, 2025	Michael R. Dury CEO of Merchants Capital	Bought 2 parts	5,200	$30.19 average	157K	3.6%	Form 4
Apr 29, 2025	Michael J. Dunlap President, COO	Bought 2 parts	4,000	$30.59 average	122K	2.0%	Form 4
Jan 29, 2025	Scott A. Evans Lynn Market President	Sold10b5-1 plan	25,000	$43.10	$1.08M	48%	Form 4
Nov 21, 2024	Michael R. Dury CEO of Merchants Capital	Bought	2,700	$39.21	106K	1.9%	Form 4
Nov 18, 2024	Patrick D. O'Brien Director	Bought 2 parts	80,000	$25.00 average	$2M	32%	Form 4
Nov 18, 2024	Tamika Catchings Director	Bought	100	$25.00	3K	2.0%	Form 4
Nov 18, 2024	David N. Shane Director	Bought	2,000	$25.00	50K	8.0%	Form 4

Jul 30No plan
Julia L. Kaercher
Director · sold 9,000 at $55.20
497K
1.1% of stake
Jul 30No plan
Michael F. Petrie
Chairman and CEO · sold 9,000 at $55.20
497K
<0.1% of stake
May 5 – 6No plan
Michael F. Petrie
Chairman and CEO · sold 39,030 at avg $46.77
$1.83M
0.3% of stake
Feb 25 – 26No plan
Michael F. Petrie
Chairman and CEO · sold 29,248 at avg $32.46
949K
0.2% of stake
Feb 17 – 18No plan
Michael F. Petrie
Chairman and CEO · sold 1,602 at avg $20.20
32K
<0.1% of stake
Feb 10No plan
Martin A Schroeter
President-Warehouse Lending · sold 5,500 at $46.06
253K
34% of stake
Feb 10No plan
Michael F. Petrie
Chairman and CEO · sold 4,455 at $20.20
90K
<0.1% of stake
Feb 6 – 9No plan
Michael F. Petrie
Chairman and CEO · sold 21,759 at avg $20.20
440K
0.2% of stake
Feb 3 – 5No plan
Michael F. Petrie
Chairman and CEO · sold 10,346 at avg $20.20
209K
<0.1% of stake
Feb 2No plan
Michael F. Petrie
Chairman and CEO · sold 2,404 at $20.20
49K
<0.1% of stake
Dec 10, 2025 – Dec 12, 2025No plan
Michael F. Petrie
Chairman and CEO · sold 14,257 at avg $19.00
271K
0.1% of stake
Dec 8, 2025No plan
Michael F. Petrie
Chairman and CEO · sold 1,129 at $19.03
21K
<0.1% of stake
Dec 4, 2025 – Dec 5, 2025No plan
Michael F. Petrie
Chairman and CEO · sold 6,268 at avg $19.14
120K
<0.1% of stake
Dec 1, 2025 – Dec 2, 2025No plan
Michael F. Petrie
Chairman and CEO · sold 2,659 at avg $19.53
52K
<0.1% of stake
Nov 25, 2025 – Nov 26, 2025No plan
Michael F. Petrie
Chairman and CEO · sold 2,177 at avg $19.30
42K
<0.1% of stake
Nov 21, 2025 – Nov 24, 2025No plan
Michael F. Petrie
Chairman and CEO · sold 13,468 at avg $19.22
259K
0.1% of stake
Nov 14, 2025 – Nov 18, 2025No plan
Michael F. Petrie
Chairman and CEO · sold 1,170 at avg $19.80
23K
<0.1% of stake
Nov 10, 2025 – Nov 13, 2025No plan
Michael F. Petrie
Chairman and CEO · sold 1,100 at avg $19.87
22K
<0.1% of stake
Oct 30, 2025
Michael R. Dury
CEO of Merchants Capital · bought 15,500 at $31.64
490K
9.1% of stake
Sep 15, 2025
Sean A. Sievers
Chief Financial Officer · bought 3,000 at $24.87
75K
37% of stake
Aug 22, 2025
Darin L. Thomas
Chief Accounting Officer · bought 3,353 at avg $29.71
100K
New position
Aug 1, 2025
Sean A. Sievers
Chief Financial Officer · bought 2,500 at $29.75
74K
44% of stake
Jul 30, 2025
Michael R. Dury
CEO of Merchants Capital · bought 16,000 at avg $31.56
505K
10% of stake
May 1, 2025
Michael R. Dury
CEO of Merchants Capital · bought 3,305 at $30.86
102K
2.2% of stake
Apr 30, 2025
Michael R. Dury
CEO of Merchants Capital · bought 5,200 at avg $30.19
157K
3.6% of stake
Apr 29, 2025
Michael J. Dunlap
President, COO · bought 4,000 at avg $30.59
122K
2.0% of stake
Jan 29, 202510b5-1 plan
Scott A. Evans
Lynn Market President · sold 25,000 at $43.10
$1.08M
48% of stake
Nov 21, 2024
Michael R. Dury
CEO of Merchants Capital · bought 2,700 at $39.21
106K
1.9% of stake
Nov 18, 2024
Patrick D. O'Brien
Director · bought 80,000 at avg $25.00
$2M
32% of stake
Nov 18, 2024
Tamika Catchings
Director · bought 100 at $25.00
3K
2.0% of stake
Nov 18, 2024
David N. Shane
Director · bought 2,000 at $25.00
50K
8.0% of stake

How to read this. Insiders sell for many reasons: taxes, diversifying, a house. Open-market buys are rarer and say more. A 10b5-1 plan is a trading schedule set up months in advance, so those sales were not timed on news. Large holders (funds and 10% owners) are listed under Everything but not counted as insiders. If you own or watch MBIN, we send a push when an executive buys or makes a large sale outside a plan.

Source: SEC Form 4 filings, filed within two business days of each trade and checked for new ones every hour.

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Held by ETFs

MBIN is in 68 US ETFs. The largest of them, with MBIN's weight in each:

Spot a number that looks wrong? Check it in MBIN's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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