CHRISTMAS CHARLES E 4

What Happened
Charles E. Christmas, Executive Vice President & CFO of Mercantile Bank Corp. (MBWM), was granted a total of 4,243 restricted shares (2,829 + 1,414) on February 5, 2026. The awards were reported on a Form 4 filed Feb 9, 2026 and were granted at $0 per share (code A — award/grant). These are compensation awards rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-02-05; Filing date: 2026-02-09 (filed within the SEC two-business-day window).
• Grants: 2,829 shares and 1,414 shares, both at $0.00 per share (total granted = 4,243 shares).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes of note:
  • F1: Awards are performance-based restricted stock and may be forfeited if performance metrics are not met.
  • F2: Notes inclusion of shares acquired via the issuer's 401(k) plan since last report.
  • F3: Notes inclusion of shares acquired via dividend reinvestment since last report.
• Transaction code: A (award/grant).

Context
Performance-based restricted stock is typically compensation and can be forfeited if designated targets aren't achieved; grants at $0 reflect that these are awards, not cash purchases. Such awards increase potential insider exposure to company stock over time but do not necessarily signal a personal buy/sell decision.