---
title: "Merchants Bancorp Chairman and CEO Sells Shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/267269527.md"
description: "Michael F. Petrie, Chairman and CEO of Merchants Bancorp, sold 13,468 Series C Depositary Shares for $258,870 on November 21 and 24, 2025. The shares were sold at $19.2 and $19.35 per share. Petrie now directly owns 84,262 Series C Depositary Shares and 1,919,428 Common Stock, and indirectly owns 10,708,173 Common Stock through trusts managed by his spouse."
datetime: "2025-11-25T02:20:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/267269527.md)
  - [en](https://longbridge.com/en/news/267269527.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/267269527.md)
---

# Merchants Bancorp Chairman and CEO Sells Shares

Reporter Name

Petrie Michael F.

Relationship

Chairman and CEO, 10% Owner

Type

Sell

Amount

$258,870

SEC Filing

Form 4

Michael F. Petrie, Chairman and CEO of Merchants Bancorp and a 10% owner, sold a total of 13,468 Series C Depositary Shares on November 21 and November 24, 2025, for a total sale amount of $258,870. The sales were conducted at prices of $19.2 and $19.35 per share, respectively. Following these transactions, Petrie directly owns 84,262 Series C Depositary Shares and 1,919,428 Common Stock. Additionally, he indirectly owns 10,708,173 Common Stock through various trusts managed by his spouse.

SEC Filing: Merchants Bancorp \[ MBIN \] - Form 4 - Nov. 24, 2025

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