X0508 4 2024-02-01 false 0001629019 Merchants Bancorp MBIN 0001718348 Petrie Michael F. 410 MONON BOULEVARD CARMEL IN 46032 true true true false Chairman and CEO false Common Stock 2024-02-01 4 F false 16843.00 42.17 D 2048895.00 D Common Stock 2024-02-02 4 G false 12800.00 0.00 D 2023295.00 D Common Stock 2024-02-02 4 G false 2151.00 0.00 D 3587034.00 I Spouse is Trustee of the Emily J. Petrie Irrevocable Trust - 2010 Common Stock 2111868.00 I By Spouse Common Stock 1425000.00 I Spouse is Trustee of the Emily J. Petrie Irrevocable GST Trust 2010 Common Stock 1425000.00 I Spouse is Trustee of the Julia L. Petrie Irrevocable GST Trust 2010 Common Stock 2482616.00 I Spouse is Trustee of the Julia L. Petrie Irrevocable Trust - 2010 Common Stock 666229.00 I Spouse is Trustee of The Petrie Grandchildren Trust Series B Depositary Shares 21021.00 D Series C Depositary Shares 100000.00 D Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations. Includes 70,601 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 35,319 vesting 2/1/2025; 22,146 vesting 2/1/2026, and 13,076 vesting 2/1/2027. See footnote 2 /s/ Terry A. Oznick, attorney-in-fact 2024-02-02