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SEC EDGAR · Forms 3/4/5Updated through Oct 30, 2026•82 filings

MBIN

Merchants Bancorp

Net sales of $993.6K over the last 3 months

2 sellers account for the net balance. There is no cluster of three distinct buyers within 30 days. We found 1 CEO/CFO purchases over 12 months.

How to read this signal

Only open-market P purchases and S sales count toward the signal. Vesting, options, taxes and gifts remain in the source data but do not trigger alerts. Rule 10b5-1 trades are shown as informational.

JSON example

3-month balance

−$993,600

0 buyers · 2 sellers

12-month purchases

$490,420

1 distinct insiders

12-month sales

$5,651,381

3 distinct insiders

Highlighted alerts

41

0 Rule 10b5-1 trades treated as informational

Buying cluster · 30 days

Fewer than three distinct buyers

CEO/CFO purchases · 12 months

1 executive purchases found

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Form 4 raw → Raspberry

The value is in what we do not call a signal.

The SEC XML stores every transaction. Raspberry keeps that evidence, reads the footnotes and separates voluntary open-market activity from vesting, option exercises, gifts, tax withholding, stock purchase and dividend reinvestment plans and pre-programmed 10b5-1 trades.

97
Raw transactions
Everything returned by the filing
41
Voluntary view
P/S trades after deterministic checks
56
Administrative noise
Stored, never alerted
0
10b5-1
Shown as informational
SEC ownership XML facts
Code
A
Shares
328
Price
$53.50
Footnotes
1

This award represents the equity portion of the Reporting Person's quarterly retainer for service as a director of the Issuer. The number of shares awarded was determined by dividing the dollar value of the equity portion by the price shown, which was the closing price of one share of the Issuer's common stock on the day immediately prior to the most recent scheduled quarterly board meeting, and rounding up to the next whole share.

Raspberry interpretation
Informational — no alert

Reason: administrative_code.

Verify in SEC EDGAR

Recent transactions

Voluntary purchases and sales; administrative noise stays hidden.

41 transactions

Kaercher Julia L.

Director

SaleAlert
Shares
9,000
Price
$55.20
Value
$496,800
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
9,000
Price
$55.20
Value
$496,800
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
8,334
Price
$46.86
Value
$390,531
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
10,696
Price
$46.75
Value
$500,038
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
20,000
Price
$46.75
Value
$935,000
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
15,000
Price
$44.05
Value
$660,750
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
13,871
Price
$20.25
Value
$280,888
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
377
Price
$20.20
Value
$7,615
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
1,502
Price
$20.20
Value
$30,340
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
100
Price
$20.20
Value
$2,020
Open SEC filing

Schroeter Martin A

President-Warehouse Lending

SaleAlert
Shares
5,500
Price
$46.06
Value
$253,330
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
4,455
Price
$20.20
Value
$89,991
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
14,610
Price
$20.20
Value
$295,122
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
7,149
Price
$20.20
Value
$144,410
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
2,034
Price
$20.20
Value
$41,087
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
6,929
Price
$20.20
Value
$139,966
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
1,383
Price
$20.20
Value
$27,937
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
2,404
Price
$20.20
Value
$48,561
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
1,380
Price
$19.00
Value
$26,220
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
5,336
Price
$19.00
Value
$101,384
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
7,541
Price
$19.00
Value
$143,279
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
1,129
Price
$19.03
Value
$21,485
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
3,159
Price
$19.14
Value
$60,463
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
3,109
Price
$19.14
Value
$59,506
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
500
Price
$19.50
Value
$9,750
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
2,159
Price
$19.54
Value
$42,187
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
81
Price
$19.42
Value
$1,573
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
2,096
Price
$19.30
Value
$40,453
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
1,902
Price
$19.35
Value
$36,804
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
11,566
Price
$19.20
Value
$222,067
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
1,069
Price
$19.80
Value
$21,166
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
101
Price
$19.83
Value
$2,003
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
1,000
Price
$19.85
Value
$19,850
Open SEC filing

Petrie Michael F.

Chairman and CEO

SaleAlert
Shares
100
Price
$20.05
Value
$2,005
Open SEC filing

Dury Michael R.

CEO of Merchants Capital

PurchaseAlert
Shares
15,500
Price
$31.64
Value
$490,420
Open SEC filing

Sievers Sean A.

CHIEF FINANCIAL OFFICER

PurchaseAlert
Shares
3,000
Price
$24.87
Value
$74,610
Open SEC filing

Thomas Darin L.

Chief Accounting Officer

PurchaseAlert
Shares
1,103
Price
$22.60
Value
$24,928
Open SEC filing

Thomas Darin L.

Chief Accounting Officer

PurchaseAlert
Shares
2,250
Price
$33.20
Value
$74,700
Open SEC filing

Sievers Sean A.

Chief Financial Officer

PurchaseAlert
Shares
2,500
Price
$29.75
Value
$74,375
Open SEC filing

Dury Michael R.

CEO of Merchants Capital

PurchaseAlert
Shares
4,235
Price
$31.86
Value
$134,927
Open SEC filing

Dury Michael R.

CEO of Merchants Capital

PurchaseAlert
Shares
11,765
Price
$31.45
Value
$370,009
Open SEC filing

“Alert” means a voluntary, unscheduled transaction according to the filing; it is not an investment recommendation. Official source: SEC EDGAR.