Reitsma Raymond E. 4

What Happened
Raymond E. Reitsma, President & CEO and a director of Mercantile Bank Corp (MBWM), was granted two awards of restricted common stock on 2026-02-05: 7,559 shares and 3,779 shares, each reported at $0.00 per share (total awarded = 11,338 shares; reported value $0). These were awards (code A) rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-02-05; reported on Form 4 filed 2026-02-09 (within the 2-business-day filing window).
• Award details: 7,559 shares @ $0.00 and 3,779 shares @ $0.00; combined = 11,338 shares.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — awards are performance-based restricted stock and may be forfeited if performance metrics are not met. F2 — includes shares acquired pursuant to the issuer’s 401(k) Plan since the last report of common stock ownership.
• Transaction code: A = Award/Grant (compensation-related).

Context
These grants are compensation (restricted stock) tied to performance metrics and may vest or be forfeited based on future results, so they do not necessarily reflect immediate insider buying or selling sentiment. Inclusion of 401(k) plan shares notes routine employee plan acquisitions since the last ownership report.