Davenport Michael S. 4

What Happened

• Michael S. Davenport, a director of Mercantile Bank Corp (MBWM), acquired 753 shares on 2026-05-22. The Form 4 reports an acquisition at $0.00 per share (total reported value $0), reflecting shares received through reinvested dividends rather than a cash purchase. This is an acquisition (not a sale) but arises from the issuer's dividend reinvestment plan rather than an open-market buy.

Key Details

• Transaction date: 2026-05-22; Form 4 filed: 2026-05-27.
• Shares acquired: 753; reported price: $0.00; reported value: $0.
• Shares owned after transaction: not specified in the provided summary — see the full Form 4 for post-transaction holdings.
• Footnote: acquisition "includes shares acquired since last report of common stock ownership by reinvesting cash dividends under the Issuer's dividend reinvestment plan."
• Timeliness: the filing date is five days after the transaction date; Section 16 filings are normally due within 2 business days, so consult the full filing for any timeliness notation.

Context

• This was a dividend reinvestment (DRIP) acquisition — routine and typically reflects the automatic reinvestment of dividends rather than a deliberate market buy that might signal insider confidence. For retail investors, DRIP purchases are common and less informative about management’s market views than discretionary open-market purchases.