Insider Transaction Report for Stephan Fluhler

This filing details a transaction by Stephan Fluhler, Chief Information Officer and Senior Vice President of FIRST MERCHANTS CORP. On June 23, 2026, Mr. Fluhler acquired 95.525 shares of Phantom Stock, with each share equivalent to one share of common stock. The transaction price was $40.90 per share. Following this acquisition, Mr. Fluhler holds 1652.904 shares of Phantom Stock. The Phantom Stock is settled in cash or common stock upon separation from the company. This transaction is classified as an insider acquisition of equity. The filing is made on Form 4.