← United States · Coverage record
US · SEC FORM 4
Merchants Bancorp
MBIN · Nasdaq · CIK 0001629019 · Financial Services · Banks—Regional
INSIDER SIGNAL
0 qualifying P purchase groups
in the current 180-day scoring window
23 Form 4 transaction lines observed in the same window
5 sales · 18 option, withholding, award, gift or other lines
WHY NO ACTIVE SIGNAL?
Score anatomy
No score is calculated because there is no qualifying purchase in the active window. Unavailable inputs are not treated as zero or as a bearish signal.
Why is there no score?
- No qualifying open-market purchase supplies cluster, size, role, recency or conviction inputs.
- Sales and other Form 4 activity remain visible as context and do not create a negative score.
Sales and other Form 4 activity are shown separately and do not create a negative buy signal. Absence of buying is not scored as bearish.
Insider activity timeline
Owner lanes show the latest 180 days. Symbol shape identifies the transaction type; sales remain context only.
Showing the six most active owners; 5 additional owner(s) remain in Form 4 evidence.
Purchase breadth, concentration & cluster buying
These modules activate when qualifying purchases enter the 180-day research window.
SIGNAL HISTORY
Scores are archived only when the company qualifies for a published US buy-signal snapshot. Last qualifying purchase: 2025-10-30 · Dury Michael R..
Recent Form 4 activity
P is an open-market or private purchase. S is a sale. M, F, A and G usually describe exercises, tax withholding, awards and gifts. These categories remain visually separate.
Market context
Market context has not been captured for this ticker yet. The daily market-context job processes the US universe in rotating batches.
Short interest
Short interest is external context reported to FINRA by broker-dealers. It does not affect the Insider Signal.
- Shares short
- 1,961,821
- Previous report
- 2,550,093
- Avg daily volume
- 255,563
- Days to cover
- 7.7
FINRA settlement date: 2026-09-30 · Captured 2026-10-12 · FINRA equity short interest ↗. A share count, published about a week after each of two settlement dates a month; not a percentage of shares outstanding.
Historical equity purchases
Qualifying code P transactions in the local Form 4 history, including purchases outside the current signal window.
| Transaction date | Reporting owner | Type | Security | Shares | Avg. price | Approx. value | Source |
|---|---|---|---|---|---|---|---|
| 2025-10-30 | Dury Michael R. | Purchase (P) | Common Stock | 15,500 | USD 31.64 | USD 490,420 | SEC filing ↗ |
| 2025-09-15 | Sievers Sean A. | Purchase (P) | Series D Depositary Shares | 3,000 | USD 24.87 | USD 74,610 | SEC filing ↗ |
| 2025-08-22 | Thomas Darin L. | Purchase (P) | Series E Depositary Shares | 1,103 | USD 22.60 | USD 24,928 | SEC filing ↗ |
| 2025-08-22 | Thomas Darin L. | Purchase (P) | Common Stock | 2,250 | USD 33.20 | USD 74,700 | SEC filing ↗ |
| 2025-08-01 | Sievers Sean A. | Purchase (P) | Common Stock | 2,500 | USD 29.75 | USD 74,375 | SEC filing ↗ |
| 2025-07-30 | Dury Michael R. | Purchase (P) | Common Stock | 16,000 | USD 31.56 | USD 504,936 | SEC filing ↗ |
| 2025-05-01 | Dury Michael R. | Purchase (P) | Common Stock | 3,305 | USD 30.86 | USD 101,992 | SEC filing ↗ |
| 2025-04-30 | Dury Michael R. | Purchase (P) | Common Stock | 5,200 | USD 30.19 | USD 157,002 | SEC filing ↗ |
| 2025-04-29 | Dunlap Michael J. | Purchase (P) | Common Stock | 4,000 | USD 30.59 | USD 122,377 | SEC filing ↗ |
| 2024-11-21 | Dury Michael R. | Purchase (P) | Common Stock | 2,700 | USD 39.21 | USD 105,867 | SEC filing ↗ |
| 2024-11-18 | Shane David N. | Purchase (P) | Series E Depositary Shares | 2,000 | USD 25.00 | USD 50,000 | SEC filing ↗ |
| 2024-11-18 | O'Brien Patrick D. | Purchase (P) | Series E Depositary Shares | 40,000 | USD 25.00 | USD 1,000,000 | SEC filing ↗ |
| 2024-11-18 | Catchings Tamika | Purchase (P) | Series E Depositary Shares | 100 | USD 25.00 | USD 2,500 | SEC filing ↗ |
| 2024-08-05 | Dury Michael R. | Purchase (P) | Common Stock | 5,200 | USD 38.71 | USD 201,293 | SEC filing ↗ |
| 2024-07-31 | Dury Michael R. | Purchase (P) | Common Stock | 6,000 | USD 44.82 | USD 268,944 | SEC filing ↗ |
Form 4 evidence
83 transaction lines in the latest 365-day window; 472 in local history.
| Date | Owner | Type | Security | Shares | Avg. price | Approx. value | Source |
|---|---|---|---|---|---|---|---|
| 2026-08-20 | Shaffer Mark E. | Award / grant (A) | Common Stock | 328 | USD 53.50 | USD 17,548 | SEC filing ↗ |
| 2026-08-20 | Sellers Anne E. | Award / grant (A) | Common Stock | 328 | USD 53.50 | USD 17,548 | SEC filing ↗ |
| 2026-08-20 | O'Brien Patrick D. | Award / grant (A) | Common Stock | 328 | USD 53.50 | USD 17,548 | SEC filing ↗ |
Show recent Form 4 evidence (30 grouped rows)
| Date | Owner | Type | Security | Shares | Avg. price | Approx. value | Source |
|---|---|---|---|---|---|---|---|
| 2026-08-20 | Shaffer Mark E. | Award / grant (A) | Common Stock | 328 | USD 53.50 | USD 17,548 | SEC filing ↗ |
| 2026-08-20 | Sellers Anne E. | Award / grant (A) | Common Stock | 328 | USD 53.50 | USD 17,548 | SEC filing ↗ |
| 2026-08-20 | O'Brien Patrick D. | Award / grant (A) | Common Stock | 328 | USD 53.50 | USD 17,548 | SEC filing ↗ |
| 2026-08-20 | JUSTER ANDREW | Award / grant (A) | Common Stock | 328 | USD 53.50 | USD 17,548 | SEC filing ↗ |
| 2026-08-20 | Dinwiddie Thomas | Award / grant (A) | Common Stock | 328 | USD 53.50 | USD 17,548 | SEC filing ↗ |
| 2026-08-20 | Curless Michael S | Award / grant (A) | Common Stock | 328 | USD 53.50 | USD 17,548 | SEC filing ↗ |
| 2026-08-20 | Catchings Tamika | Award / grant (A) | Common Stock | 328 | USD 53.50 | USD 17,548 | SEC filing ↗ |
| 2026-08-05 | Dury Michael R. | Gift (G) | Common Stock | 3,700 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-07-30 | Petrie Michael F. | Sale (S) | Common Stock | 9,000 | USD 55.20 | USD 496,800 | SEC filing ↗ |
| 2026-07-30 | Kaercher Julia L. | Sale (S) | Common Stock | 9,000 | USD 55.20 | USD 496,800 | SEC filing ↗ |
| 2026-06-03 | Dury Michael R. | Gift (G) | Common Stock | 10,700 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-05-21 | Shaffer Mark E. | Award / grant (A) | Common Stock | 381 | USD 46.03 | USD 17,537 | SEC filing ↗ |
| 2026-05-21 | Sellers Anne E. | Award / grant (A) | Common Stock | 381 | USD 46.03 | USD 17,537 | SEC filing ↗ |
| 2026-05-21 | O'Brien Patrick D. | Award / grant (A) | Common Stock | 381 | USD 46.03 | USD 17,537 | SEC filing ↗ |
| 2026-05-21 | JUSTER ANDREW | Award / grant (A) | Common Stock | 381 | USD 46.03 | USD 17,537 | SEC filing ↗ |
| 2026-05-21 | Dinwiddie Thomas | Award / grant (A) | Common Stock | 381 | USD 46.03 | USD 17,537 | SEC filing ↗ |
| 2026-05-21 | Curless Michael S | Award / grant (A) | Common Stock | 381 | USD 46.03 | USD 17,537 | SEC filing ↗ |
| 2026-05-21 | Catchings Tamika | Award / grant (A) | Common Stock | 381 | USD 46.03 | USD 17,537 | SEC filing ↗ |
| 2026-05-15 | Petrie Michael F. | Gift (G) | Common Stock | 16,000 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-05-07 | Langford Kevin T | Gift (G) | Common Stock | 650 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-05-06 | Petrie Michael F. | Sale (S) | Common Stock | 8,334 | USD 46.86 | USD 390,531 | SEC filing ↗ |
| 2026-05-05 | Petrie Michael F. | Sale (S) | Common Stock | 30,696 | USD 46.75 | USD 1,435,038 | SEC filing ↗ |
| 2026-02-26 | Petrie Michael F. | Sale (S) | Series C Depositary Shares | 13,871 | USD 20.25 | USD 280,888 | SEC filing ↗ |
| 2026-02-26 | Petrie Michael F. | Sale (S) | Common Stock | 15,000 | USD 44.05 | USD 660,750 | SEC filing ↗ |
| 2026-02-25 | Petrie Michael F. | Sale (S) | Series C Depositary Shares | 377 | USD 20.20 | USD 7,615 | SEC filing ↗ |
| 2026-02-19 | Shane David N. | Award / grant (A) | Common Stock | 377 | USD 46.45 | USD 17,512 | SEC filing ↗ |
| 2026-02-19 | Sellers Anne E. | Award / grant (A) | Common Stock | 377 | USD 46.45 | USD 17,512 | SEC filing ↗ |
| 2026-02-19 | O'Brien Patrick D. | Award / grant (A) | Common Stock | 377 | USD 46.45 | USD 17,512 | SEC filing ↗ |
| 2026-02-19 | JUSTER ANDREW | Award / grant (A) | Common Stock | 377 | USD 46.45 | USD 17,512 | SEC filing ↗ |
| 2026-02-19 | Gilroy Sue Anne | Award / grant (A) | Common Stock | 377 | USD 46.45 | USD 17,512 | SEC filing ↗ |
Multiple price lines in one filing are grouped and share-weighted. Price and value are blank when a grouped filing line lacks price evidence.
Snapshot & identity
| Snapshot date | 2026-10-18 |
|---|---|
| Ranking version | US-v1.2 |
| Data quality | PASS ELIGIBLE · — |
| Ticker | MBIN |
| CIK | 0001629019 |
| Sector | Financial Services |
| Industry | Banks—Regional Yahoo Finance |
| SEC SIC | 6022 State Commercial Banks |
| Exchange | Nasdaq |
Data coverage
| Local Form 4 history | 472 transaction lines from 2020-01-02 to 2026-08-20 58 P purchase lines · 69 S sale lines · 345 other lines |
|---|---|
| SEC company submissions | Open SEC filings ↗ |
Local ledger as of 2026-10-18. Mapping status is an audit field and does not erase SEC filing evidence.