Merchants Bancorp CFO Sean A. Sievers Acquires Shares

On August 1, 2025, Sean A. Sievers, the Chief Financial Officer of Merchants Bancorp, acquired 2,500 shares of the company's common stock at a price of $29.75 per share. Following this transaction, Sievers owns a total of 8,207 shares, which includes 2,261 unvested restricted stock units. These restricted stock units are set to vest in three tranches: 753 units on February 1, 2026, 754 units on February 1, 2027, and 754 units on February 1, 2028. The acquisition was reported in a Form 4 filing with the SEC. The transaction reflects Sievers' continued investment in the company.