Merchants Bancorp (MBIN) CEO Michael R. Dury Gifts 3,700 Shares

What Happened

• Michael R. Dury, listed as CEO of Merchants Capital, reported a gift (transaction code G) of 3,700 shares of Merchants Bancorp on 2026-08-05. The shares were disposed with a reported price of $0.00, i.e., no cash proceeds were received for this transfer.

Key Details

• Transaction date: 2026-08-05; filing date (Form 4): 2026-08-07 (timely filing).
• Transaction type: Gift (G); shares disposed: 3,700; reported price: $0.00; total reported cash proceeds: $0.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnote: reporting person holds 6,607 unvested restricted stock units (RSUs) with no voting rights or dividends until vesting — 4,829 RSUs vest on 02/01/2027 and 1,778 RSUs vest on 02/01/2028.
• Accession number: 0001718356-26-000005 (for reference).

Context

• Gifts are transfers and do not necessarily reflect the insider’s view of the company’s prospects; they can be for estate planning, family transfers, or other personal reasons.
• The unvested RSUs noted are not currently entitled to voting or dividend rights and will convert to shares only on their respective vesting dates.