Petrie Michael F.

Petrie Michael F., Chairman and CEO of Merchants Bancorp (MBIN), has demonstrated a consistent pattern of selling activity over the past several months, with no recorded purchases in the same period. According to SEC Form 4 filings, Petrie executed 23 sales between November 2025 and February 2026, totaling approximately $2.98 million in proceeds. The transactions varied in size, ranging from smaller dispositions like $1,573 on November 26, 2025, to larger sales, including a $660,750 transaction on February 26, 2026, followed by another $280,888 sale the same day. The bulk of the selling occurred in February 2026, accounting for over $1.8 million in aggregate value, with notable transactions including a $295,122 sale on February 9 and a $144,410 sale on February 6. Petrie’s trading activity has been exclusively concentrated in MBIN, with no disclosed transactions in other securities. The absence of any buys during this period suggests a net reduction in his holdings, though the filings do not indicate whether these sales were part of a predetermined trading plan. The frequency and scale of the disposals, particularly the clustered sales in early 2026, reflect a sustained divestment trend. While the reasons for the sales remain undisclosed, the data underscores a clear directional bias toward reducing exposure to MBIN shares over the observed timeframe.