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3 ·Filed May 21, 2026

MBINN

Merchants Bancorp
NEUTRAL
Impact 1/10
Horizonimmediate Processed5mo ago SEC0001104659-26-065174
Form 3 — initial insider ownership statement
Actionable Insight • Neutral

This filing is purely administrative and does not convey any material information about the company's operations or financial condition. No trading action is warranted. Insider ownership changes will be captured in future Form 4 filings if the reporting person acquires or disposes of securities.

DirectionNeutral
Confidencehigh
Horizonimmediate
Final — all horizons settled through T+60d
MBINN ▼ -0.50% at T+60d
NEUTRAL call -0.50% · α vs SPY -3.69% · entry $20.10 → $20.00
Entry = T+0 close
May 21, 2026
via day close
T+1d
+1.94%
call +1.94% · α +1.35%
$20.49
settled 5mo ago
T+5d
+2.34%
call +2.34% · α +0.68%
$20.57
settled 5mo ago
T+20d
+0.08%
call +0.08% · α +1.50%
$20.12
settled 4mo ago
T+60d
-0.50%
call -0.50% · α -3.69%
$20.00
settled 2mo ago

Price Chart

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Executive Summary

Michael S. Curless filed an initial Statement of Beneficial Ownership (Form 3) with the SEC, indicating no securities are beneficially owned in Merchants Bancorp. The filing includes a standard Power of Attorney authorizing company officers to execute future Section 16 filings. This is a routine administrative filing with no trading or ownership implications.

Key Facts

  • Form 3 filed by Michael S. Curless on May 21, 2026, as an officer and/or director of Merchants Bancorp.
  • The filing reports zero beneficial ownership of any class of securities.
  • A standard Power of Attorney (Exhibit 24) was executed to authorize future Section 16 filings on behalf of the reporting person.

Financial Impact

No financial impact; the filing reports zero beneficial ownership.

Market Snapshot

Exchange
Nasdaq
Sector
State Commercial Banks
Analyst Consensus
78% bullish (9 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
3 Filing (Primary)0001104659-26-065174
Document: 0001104659-26-065174-index-headers.html0001104659-26-065174
Document: 0001104659-26-065174-index.html0001104659-26-065174
Document: 0001104659-26-065174.txt0001104659-26-065174
2 reports for MBINN
Performance horizon
Filters
Rows
Reports for MBINN — sortable, filterable
TypeNow
May 21, 2026
22w ago
3
NEUTRAL ★ 1/10
$20.10 $20.12▲ +0.08%▲ +1.50%$18.50 (−7.96%)
Apr 10, 2026
28w ago
DEFA14A
NEUTRAL ★ 3/10
$20.33 $20.95▲ +3.05%▼ −4.68%$18.50 (−9.00%)
Showing 2 of 2

US Market Status

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Report published May 21, 2026