X0306 4 2022-02-01 false 0001629019 Merchants Bancorp MBIN 0001718348 Petrie Michael F. 410 MONON BOULEVARD CARMEL IN 46032 true true true false Chairman and CEO Common Stock 2022-02-01 4 F false 4869.00 30.40 D 2095802.00 D Common Stock 218.998 I By ESOP Common Stock 2131668.00 I By Spouse Common Stock 627429.00 I Spouse is Trustee of The Petrie Grandchildren Trust Common Stock 1425000.00 I Spouse is Trustee of the Emily J. Petrie Irrevocable GST Trust 2010 Common Stock 3589185.00 I Spouse is Trustee of the Emily J. Petrie Irrevocable Trust - 2010 Common Stock 1425000.00 I Spouse is Trustee of the Julia L. Petrie Irrevocable GST Trust 2010 Common Stock 2580616.00 I Spouse is Trustee of the Julia L. Petrie Irrevocable Trust - 2010 Series C Depositary Shares 120000.00 D Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations. includes 72,820 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 29,824 vesting 2/1/2023; 29,822 vesting 2/1/2024; and 13,174 vesting 2/1/2025. /s/ Terry A. Oznick, attorney-in-fact 2022-02-03