{"transactions":[{"id":699704,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2026-07-31T20:16:53.000Z","date":"2026-07-30","kind":"sale","planned":false,"acquired":false,"shares":9000,"price":55.2,"value":496800.0,"ownership":{"direct":false,"nature":"Spouse is Trustee of The Petrie Grandchildren Trust"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.20 to $55.23 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."}],"balance_after":727013,"source":{"system":"sec-edgar","filing":"0001718348-26-000011","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000011/primarydocument.xml","form_type":"4"}},{"id":771182,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2026-05-19T20:19:10.000Z","date":"2026-05-15","kind":"gift","planned":false,"acquired":false,"shares":16000,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"Includes 48,961 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 27,591 vesting 2/1/2027; 14,515 vesting 2/1/2028; and 6,855 vesting 2/1/2029."}],"balance_after":1848994,"source":{"system":"sec-edgar","filing":"0001718348-26-000009","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000009/primarydocument.xml","form_type":"4"}},{"id":788229,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2026-05-07T23:21:18.000Z","date":"2026-05-06","kind":"sale","planned":false,"acquired":false,"shares":8334,"price":46.86,"value":390531.24,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"Includes 48,961 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 27,591 vesting 2/1/2027; 14,515 vesting 2/1/2028; and 6,855 vesting 2/1/2029."}],"balance_after":1864994,"source":{"system":"sec-edgar","filing":"0001718348-26-000008","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000008/primarydocument.xml","form_type":"4"}},{"id":788228,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2026-05-07T23:21:18.000Z","date":"2026-05-05","kind":"sale","planned":false,"acquired":false,"shares":10696,"price":46.75,"value":500038.0,"ownership":{"direct":false,"nature":"Spouse is Trustee of The Petrie Grandchildren Trust"},"balance_after":736013,"source":{"system":"sec-edgar","filing":"0001718348-26-000008","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000008/primarydocument.xml","form_type":"4"}},{"id":788227,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2026-05-07T23:21:18.000Z","date":"2026-05-05","kind":"sale","planned":false,"acquired":false,"shares":20000,"price":46.75,"value":935000.0,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"Includes 48,961 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 27,591 vesting 2/1/2027; 14,515 vesting 2/1/2028; and 6,855 vesting 2/1/2029."}],"balance_after":1873328,"source":{"system":"sec-edgar","filing":"0001718348-26-000008","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000008/primarydocument.xml","form_type":"4"}},{"id":876515,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2026-02-27T21:18:58.000Z","date":"2026-02-26","kind":"sale","planned":false,"acquired":false,"shares":15000,"price":44.05,"value":660750.0,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F2","text":"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.05 to $44.00 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Includes 48,961 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 27,591 vesting 2/1/2027; 14,515 vesting 2/1/2028; and 6,855 vesting 2/1/2029."}],"balance_after":1893328,"source":{"system":"sec-edgar","filing":"0001718348-26-000007","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000007/primarydocument.xml","form_type":"4"}},{"id":876514,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2026-02-27T21:18:58.000Z","date":"2026-02-26","kind":"sale","planned":false,"acquired":false,"shares":13871,"price":20.25,"value":280887.75,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.20 to $20.33 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."}],"balance_after":2958,"source":{"system":"sec-edgar","filing":"0001718348-26-000007","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000007/primarydocument.xml","form_type":"4"}},{"id":876513,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2026-02-27T21:18:58.000Z","date":"2026-02-25","kind":"sale","planned":false,"acquired":false,"shares":377,"price":20.2,"value":7615.4,"ownership":{"direct":true},"balance_after":16829,"source":{"system":"sec-edgar","filing":"0001718348-26-000007","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000007/primarydocument.xml","form_type":"4"}},{"id":892584,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2026-02-19T22:03:54.000Z","date":"2026-02-18","kind":"sale","planned":false,"acquired":false,"shares":1502,"price":20.2,"value":30340.4,"ownership":{"direct":true},"balance_after":17206,"source":{"system":"sec-edgar","filing":"0001718348-26-000006","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000006/primarydocument.xml","form_type":"4"}},{"id":892583,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2026-02-19T22:03:54.000Z","date":"2026-02-17","kind":"sale","planned":false,"acquired":false,"shares":100,"price":20.2,"value":2020.0,"ownership":{"direct":true},"balance_after":18708,"source":{"system":"sec-edgar","filing":"0001718348-26-000006","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000006/primarydocument.xml","form_type":"4"}},{"id":907128,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2026-02-12T21:47:59.000Z","date":"2026-02-10","kind":"sale","planned":false,"acquired":false,"shares":4455,"price":20.2,"value":89991.0,"ownership":{"direct":true},"balance_after":18808,"source":{"system":"sec-edgar","filing":"0001718348-26-000005","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000005/primarydocument.xml","form_type":"4"}},{"id":911378,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2026-02-10T13:24:48.000Z","date":"2026-02-09","kind":"sale","planned":false,"acquired":false,"shares":14610,"price":20.2,"value":295122.0,"ownership":{"direct":true},"balance_after":23263,"source":{"system":"sec-edgar","filing":"0001718348-26-000004","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000004/primarydocument.xml","form_type":"4"}},{"id":911377,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2026-02-10T13:24:48.000Z","date":"2026-02-06","kind":"sale","planned":false,"acquired":false,"shares":7149,"price":20.2,"value":144409.8,"ownership":{"direct":true},"balance_after":37873,"source":{"system":"sec-edgar","filing":"0001718348-26-000004","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000004/primarydocument.xml","form_type":"4"}},{"id":917333,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2026-02-05T21:22:16.000Z","date":"2026-02-05","kind":"sale","planned":false,"acquired":false,"shares":2034,"price":20.2,"value":41086.8,"ownership":{"direct":true},"balance_after":45022,"source":{"system":"sec-edgar","filing":"0001718348-26-000003","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000003/primarydocument.xml","form_type":"4"}},{"id":917332,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2026-02-05T21:22:16.000Z","date":"2026-02-04","kind":"sale","planned":false,"acquired":false,"shares":6929,"price":20.2,"value":139965.8,"ownership":{"direct":true},"balance_after":47056,"source":{"system":"sec-edgar","filing":"0001718348-26-000003","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000003/primarydocument.xml","form_type":"4"}},{"id":917331,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2026-02-05T21:22:16.000Z","date":"2026-02-03","kind":"sale","planned":false,"acquired":false,"shares":1383,"price":20.2,"value":27936.6,"ownership":{"direct":true},"balance_after":53985,"source":{"system":"sec-edgar","filing":"0001718348-26-000003","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000003/primarydocument.xml","form_type":"4"}},{"id":921018,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2026-02-03T21:23:37.000Z","date":"2026-02-02","kind":"sale","planned":false,"acquired":false,"shares":2404,"price":20.2,"value":48560.8,"ownership":{"direct":true},"balance_after":55368,"source":{"system":"sec-edgar","filing":"0001718348-26-000002","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000002/primarydocument.xml","form_type":"4"}},{"id":921017,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2026-02-03T21:23:37.000Z","date":"2026-02-01","kind":"tax_withholding","planned":false,"acquired":false,"shares":9685,"price":41.46,"value":401540.1,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Includes 48,961 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 27,591 vesting 2/1/2027; 14,515 vesting 2/1/2028; and 6,855 vesting 2/1/2029."}],"balance_after":1930308,"source":{"system":"sec-edgar","filing":"0001718348-26-000002","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000002/primarydocument.xml","form_type":"4"}},{"id":927686,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2026-01-29T13:52:38.000Z","date":"2026-01-27","kind":"grant","planned":false,"acquired":true,"shares":20565,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vesting and shares are issued."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Includes 78,768 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 29,807 vesting 2/1/2026; 27,591 vesting 2/1/2027; 14,515 vesting 2/1/2028; and 6,855 vesting 2/1/2029."}],"balance_after":1939993,"source":{"system":"sec-edgar","filing":"0001718348-26-000001","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834826000001/primarydocument.xml","form_type":"4"}},{"id":970676,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2025-12-12T21:11:42.000Z","date":"2025-12-12","kind":"sale","planned":false,"acquired":false,"shares":1380,"price":19,"value":26220.0,"ownership":{"direct":true},"balance_after":57772,"source":{"system":"sec-edgar","filing":"0001718348-25-000010","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834825000010/primarydocument.xml","form_type":"4"}},{"id":970675,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2025-12-12T21:11:42.000Z","date":"2025-12-11","kind":"sale","planned":false,"acquired":false,"shares":5336,"price":19,"value":101384.0,"ownership":{"direct":true},"balance_after":59152,"source":{"system":"sec-edgar","filing":"0001718348-25-000010","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834825000010/primarydocument.xml","form_type":"4"}},{"id":970674,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2025-12-12T21:11:42.000Z","date":"2025-12-10","kind":"sale","planned":false,"acquired":false,"shares":7541,"price":19,"value":143279.0,"ownership":{"direct":true},"balance_after":64488,"source":{"system":"sec-edgar","filing":"0001718348-25-000010","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834825000010/primarydocument.xml","form_type":"4"}},{"id":975546,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2025-12-10T01:58:38.000Z","date":"2025-12-08","kind":"sale","planned":false,"acquired":false,"shares":1129,"price":19.03,"value":21484.87,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.00 to $19.05 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."}],"balance_after":72029,"source":{"system":"sec-edgar","filing":"0001718348-25-000009","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834825000009/primarydocument.xml","form_type":"4"}},{"id":978676,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2025-12-05T22:17:30.000Z","date":"2025-12-05","kind":"sale","planned":false,"acquired":false,"shares":3159,"price":19.14,"value":60463.26,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F2","text":"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.05 to $19.20 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."}],"balance_after":73158,"source":{"system":"sec-edgar","filing":"0001718348-25-000008","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834825000008/primarydocument.xml","form_type":"4"}},{"id":978675,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2025-12-05T22:17:30.000Z","date":"2025-12-04","kind":"sale","planned":false,"acquired":false,"shares":3109,"price":19.14,"value":59506.26,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.05 to $19.15 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."}],"balance_after":76317,"source":{"system":"sec-edgar","filing":"0001718348-25-000008","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834825000008/primarydocument.xml","form_type":"4"}},{"id":981074,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2025-12-03T14:25:21.000Z","date":"2025-12-02","kind":"sale","planned":false,"acquired":false,"shares":500,"price":19.5,"value":9750.0,"ownership":{"direct":true},"balance_after":79426,"source":{"system":"sec-edgar","filing":"0001718348-25-000007","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834825000007/primarydocument.xml","form_type":"4"}},{"id":981073,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2025-12-03T14:25:21.000Z","date":"2025-12-01","kind":"sale","planned":false,"acquired":false,"shares":2159,"price":19.54,"value":42186.86,"ownership":{"direct":true},"balance_after":79926,"source":{"system":"sec-edgar","filing":"0001718348-25-000007","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834825000007/primarydocument.xml","form_type":"4"}},{"id":986086,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2025-11-28T21:05:59.000Z","date":"2025-11-26","kind":"sale","planned":false,"acquired":false,"shares":81,"price":19.42,"value":1573.02,"ownership":{"direct":true},"balance_after":82085,"source":{"system":"sec-edgar","filing":"0001718348-25-000006","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834825000006/primarydocument.xml","form_type":"4"}},{"id":986085,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2025-11-28T21:05:59.000Z","date":"2025-11-25","kind":"sale","planned":false,"acquired":false,"shares":2096,"price":19.3,"value":40452.8,"ownership":{"direct":true},"balance_after":82166,"source":{"system":"sec-edgar","filing":"0001718348-25-000006","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834825000006/primarydocument.xml","form_type":"4"}},{"id":989648,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2025-11-25T02:15:51.000Z","date":"2025-11-24","kind":"sale","planned":false,"acquired":false,"shares":1902,"price":19.35,"value":36803.7,"ownership":{"direct":true},"balance_after":84262,"source":{"system":"sec-edgar","filing":"0001718348-25-000005","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834825000005/primarydocument.xml","form_type":"4"}},{"id":989647,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2025-11-25T02:15:51.000Z","date":"2025-11-21","kind":"sale","planned":false,"acquired":false,"shares":11566,"price":19.2,"value":222067.2,"ownership":{"direct":true},"balance_after":86164,"source":{"system":"sec-edgar","filing":"0001718348-25-000005","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834825000005/primarydocument.xml","form_type":"4"}},{"id":995153,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2025-11-18T21:26:45.000Z","date":"2025-11-18","kind":"sale","planned":false,"acquired":false,"shares":1069,"price":19.8,"value":21166.2,"ownership":{"direct":true},"balance_after":97730,"source":{"system":"sec-edgar","filing":"0001718348-25-000004","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834825000004/primarydocument.xml","form_type":"4"}},{"id":995152,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2025-11-18T21:26:45.000Z","date":"2025-11-14","kind":"sale","planned":false,"acquired":false,"shares":101,"price":19.83,"value":2002.83,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.80 to $19.85 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."}],"balance_after":98799,"source":{"system":"sec-edgar","filing":"0001718348-25-000004","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834825000004/primarydocument.xml","form_type":"4"}},{"id":999826,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2025-11-13T21:56:22.000Z","date":"2025-11-13","kind":"sale","planned":false,"acquired":false,"shares":1000,"price":19.85,"value":19850.0,"ownership":{"direct":true},"balance_after":98900,"source":{"system":"sec-edgar","filing":"0001718348-25-000003","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834825000003/primarydocument.xml","form_type":"4"}},{"id":999825,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2025-11-13T21:56:22.000Z","date":"2025-11-10","kind":"sale","planned":false,"acquired":false,"shares":100,"price":20.05,"value":2005.0,"ownership":{"direct":true},"balance_after":99900,"source":{"system":"sec-edgar","filing":"0001718348-25-000003","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000171834825000003/primarydocument.xml","form_type":"4"}},{"id":1073945,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2025-08-05T10:56:37.000Z","date":"2025-08-01","kind":"gift","planned":false,"acquired":false,"shares":20000,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"Includes 58,203 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 29,807 vesting 2/1/2026; 20,736 vesting 2/1/2027, and 7,660 vesting 2/1/2028."}],"balance_after":1919428,"source":{"system":"sec-edgar","filing":"0001562180-25-005647","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218025005647/primarydocument.xml","form_type":"4"}},{"id":1283678,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2025-02-04T22:44:52.000Z","date":"2025-02-04","kind":"gift","planned":false,"acquired":false,"shares":11991,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Includes 58,203 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 29,807 vesting 2/1/2026; 20,736 vesting 2/1/2027, and 7,660 vesting 2/1/2028."}],"balance_after":1989428,"source":{"system":"sec-edgar","filing":"0001562180-25-000905","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218025000905/primarydocument.xml","form_type":"4"}},{"id":1283677,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2025-02-04T22:44:52.000Z","date":"2025-02-03","kind":"gift","planned":false,"acquired":false,"shares":72464,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Spouse is Trustee of the Julia L. Petrie Irrevocable Trust - 2010"},"balance_after":2410152,"source":{"system":"sec-edgar","filing":"0001562180-25-000905","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218025000905/primarydocument.xml","form_type":"4"}},{"id":1283676,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2025-02-04T22:44:52.000Z","date":"2025-02-01","kind":"tax_withholding","planned":false,"acquired":false,"shares":12107,"price":41.93,"value":507646.51,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Includes 58,203 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 29,807 vesting 2/1/2026; 20,736 vesting 2/1/2027, and 7,660 vesting 2/1/2028."}],"balance_after":2001419,"source":{"system":"sec-edgar","filing":"0001562180-25-000905","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218025000905/primarydocument.xml","form_type":"4"}},{"id":1291653,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2025-01-29T21:32:30.000Z","date":"2025-01-28","kind":"grant","planned":false,"acquired":true,"shares":22981,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vesting and shares are issued: 7,661 vesting 2/1/2026; 7,660 vesting 2/1/2027, and 7,660 vesting 2/1/2028."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Includes 93,522 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 35,319 vesting 2/1/2025; 29,807 vesting 2/1/2026; 20,736 vesting 2/1/2027, and 7,660 vesting 2/1/2028."}],"balance_after":2013526,"source":{"system":"sec-edgar","filing":"0001562180-25-000659","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218025000659/primarydocument.xml","form_type":"4"}},{"id":1309692,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series B Depositary Shares","published_at":"2025-01-06T22:56:30.000Z","date":"2025-01-02","kind":"disposition_to_issuer","planned":false,"acquired":false,"shares":21021,"price":25,"value":525525.0,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Redemption by the issuer of all outstanding shares of Series B preferred stock (including all associated depositary shares representing a 1/40th interest therein) at the liquidation preference prescribed by the issuer's Articles."}],"balance_after":0,"source":{"system":"sec-edgar","filing":"0001562180-25-000208","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218025000208/primarydocument.xml","form_type":"4"}},{"id":1331906,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2024-12-13T21:41:43.000Z","date":"2024-12-11","kind":"gift","planned":false,"acquired":false,"shares":975610,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Spouse is Trustee of the Emily J. Petrie Irrevocable Trust - 2010"},"balance_after":2611424,"source":{"system":"sec-edgar","filing":"0001562180-24-008395","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218024008395/primarydocument.xml","form_type":"4"}},{"id":1420582,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2024-08-29T01:34:45.000Z","date":"2024-08-27","kind":"sale","planned":false,"acquired":false,"shares":22050,"price":45.34,"value":999747.0,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.35 to $45.43 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Includes 70,541 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 35,319 vesting 2/1/2025; 22,146 vesting 2/1/2026, and 13,076 vesting 2/1/2027."}],"balance_after":1990545,"source":{"system":"sec-edgar","filing":"0001562180-24-006545","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218024006545/primarydocument.xml","form_type":"4"}},{"id":1578210,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2024-03-13T20:07:36.000Z","date":"2024-03-11","kind":"gift","planned":false,"acquired":false,"shares":2200,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"Includes 70,541 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 35,319 vesting 2/1/2025; 22,146 vesting 2/1/2026, and 13,076 vesting 2/1/2027."}],"balance_after":2012595,"source":{"system":"sec-edgar","filing":"0001562180-24-002656","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218024002656/primarydocument.xml","form_type":"4"}},{"id":1578209,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2024-03-13T20:07:36.000Z","date":"2023-02-02","kind":"gift","planned":false,"acquired":false,"shares":6300,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"By Spouse"},"balance_after":2111868,"source":{"system":"sec-edgar","filing":"0001562180-24-002656","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218024002656/primarydocument.xml","form_type":"4"}},{"id":1660705,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2024-02-02T21:12:09.000Z","date":"2024-02-02","kind":"gift","planned":false,"acquired":false,"shares":2151,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Spouse is Trustee of the Emily J. Petrie Irrevocable Trust - 2010"},"balance_after":3587034,"source":{"system":"sec-edgar","filing":"0001562180-24-000985","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218024000985/primarydocument.xml","form_type":"4"}},{"id":1660704,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2024-02-02T21:12:09.000Z","date":"2024-02-02","kind":"gift","planned":false,"acquired":false,"shares":12800,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"See footnote 2"}],"balance_after":2023295,"source":{"system":"sec-edgar","filing":"0001562180-24-000985","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218024000985/primarydocument.xml","form_type":"4"}},{"id":1660703,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2024-02-02T21:12:09.000Z","date":"2024-02-01","kind":"tax_withholding","planned":false,"acquired":false,"shares":16843,"price":42.17,"value":710269.31,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Includes 70,601 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 35,319 vesting 2/1/2025; 22,146 vesting 2/1/2026, and 13,076 vesting 2/1/2027."}],"balance_after":2048895,"source":{"system":"sec-edgar","filing":"0001562180-24-000985","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218024000985/primarydocument.xml","form_type":"4"}},{"id":1669236,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2024-01-26T22:25:05.000Z","date":"2024-01-24","kind":"grant","planned":false,"acquired":true,"shares":39227,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"Includes 109,434 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 38,893 vesting 2/1/2024; 35,319 vesting 2/1/2025; 22,146 vesting 2/1/2026, and 13,076 vesting 2/1/2027."}],"balance_after":2065738,"source":{"system":"sec-edgar","filing":"0001562180-24-000684","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218024000684/primarydocument.xml","form_type":"4"}},{"id":1749344,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2023-11-03T21:18:54.000Z","date":"2023-11-01","kind":"sale","planned":false,"acquired":false,"shares":20064,"price":30.3,"value":607939.2,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"Includes 70,207 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 38,893 vesting 2/1/2024; 22,244 vesting 2/1/2025; and 9,070 vesting 2/1/2026."}],"balance_after":2026511,"source":{"system":"sec-edgar","filing":"0001562180-23-007557","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023007557/primarydocument.xml","form_type":"4"}},{"id":1808172,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2023-08-14T11:40:05.000Z","date":"2023-08-10","kind":"sale","planned":false,"acquired":false,"shares":649,"price":31.8,"value":20638.2,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"Includes 70,207 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 38,893 vesting 2/1/2024; 22,244 vesting 2/1/2025; and 9,070 vesting 2/1/2026."}],"balance_after":2046575,"source":{"system":"sec-edgar","filing":"0001562180-23-006300","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023006300/primarydocument.xml","form_type":"4"}},{"id":1811689,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2023-08-09T20:25:17.000Z","date":"2023-08-08","kind":"sale","planned":false,"acquired":false,"shares":11778,"price":31.7,"value":373362.6,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Includes 70,207 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 38,893 vesting 2/1/2024; 22,244 vesting 2/1/2025; and 9,070 vesting 2/1/2026."}],"balance_after":2047224,"source":{"system":"sec-edgar","filing":"0001562180-23-006253","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023006253/primarydocument.xml","form_type":"4"}},{"id":1811688,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series B Depositary Shares","published_at":"2023-08-09T20:25:17.000Z","date":"2023-08-08","kind":"purchase","planned":false,"acquired":true,"shares":17100,"price":22.15,"value":378765.0,"ownership":{"direct":true},"balance_after":21021,"source":{"system":"sec-edgar","filing":"0001562180-23-006253","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023006253/primarydocument.xml","form_type":"4"}},{"id":1811687,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series B Depositary Shares","published_at":"2023-08-09T20:25:17.000Z","date":"2023-08-07","kind":"purchase","planned":false,"acquired":true,"shares":1200,"price":22.14,"value":26568.0,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.00 to $22.15 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote."}],"balance_after":3921,"source":{"system":"sec-edgar","filing":"0001562180-23-006253","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023006253/primarydocument.xml","form_type":"4"}},{"id":1813617,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series B Depositary Shares","published_at":"2023-08-07T12:35:51.000Z","date":"2023-08-04","kind":"purchase","planned":false,"acquired":true,"shares":2706,"price":21.85,"value":59126.1,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.67 to $21.85 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote."}],"balance_after":2721,"source":{"system":"sec-edgar","filing":"0001562180-23-006206","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023006206/primarydocument.xml","form_type":"4"}},{"id":1813616,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series B Depositary Shares","published_at":"2023-08-07T12:35:51.000Z","date":"2023-08-03","kind":"purchase","planned":false,"acquired":true,"shares":15,"price":21.35,"value":320.25,"ownership":{"direct":true},"balance_after":15,"source":{"system":"sec-edgar","filing":"0001562180-23-006206","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023006206/primarydocument.xml","form_type":"4"}},{"id":1818926,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2023-08-01T20:35:03.000Z","date":"2023-07-31","kind":"gift","planned":false,"acquired":false,"shares":22580,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"Includes 70,207 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 38,893 vesting 2/1/2024; 22,244 vesting 2/1/2025; and 9,070 vesting 2/1/2026."}],"balance_after":2059002,"source":{"system":"sec-edgar","filing":"0001562180-23-006087","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023006087/primarydocument.xml","form_type":"4"}},{"id":1888339,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2023-05-18T01:38:06.000Z","date":"2023-05-17","kind":"sale","planned":false,"acquired":false,"shares":10000,"price":17.45,"value":174500.0,"ownership":{"direct":true},"balance_after":100000,"source":{"system":"sec-edgar","filing":"0001562180-23-004221","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023004221/primarydocument.xml","form_type":"4"}},{"id":1888338,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2023-05-18T01:38:06.000Z","date":"2023-05-16","kind":"sale","planned":false,"acquired":false,"shares":5000,"price":17.15,"value":85750.0,"ownership":{"direct":true},"balance_after":110000,"source":{"system":"sec-edgar","filing":"0001562180-23-004221","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023004221/primarydocument.xml","form_type":"4"}},{"id":1893025,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2023-05-15T20:27:43.000Z","date":"2023-05-10","kind":"sale","planned":false,"acquired":false,"shares":5000,"price":17,"value":85000.0,"ownership":{"direct":true},"balance_after":115000,"source":{"system":"sec-edgar","filing":"0001562180-23-004124","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023004124/primarydocument.xml","form_type":"4"}},{"id":1899168,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2023-05-09T23:48:44.000Z","date":"2023-05-05","kind":"gift","planned":false,"acquired":false,"shares":38000,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Spouse is Trustee of the Julia L. Petrie Irrevocable Trust - 2010"},"balance_after":2482616,"source":{"system":"sec-edgar","filing":"0001562180-23-004020","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023004020/primarydocument.xml","form_type":"4"}},{"id":2032046,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2023-02-04T00:43:14.000Z","date":"2023-02-01","kind":"tax_withholding","acquired":false,"shares":9111,"price":30.05,"value":273785.55,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Includes 70,207 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 38,893 vesting 2/1/2024; 22,244 vesting 2/1/2025; and 9,070 vesting 2/1/2026."}],"balance_after":2081582,"source":{"system":"sec-edgar","filing":"0001562180-23-000992","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023000992/primarydocument.xml","form_type":"4"}},{"id":2044670,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2023-01-26T21:14:23.000Z","date":"2022-02-17","kind":"gift","acquired":false,"shares":60000,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Spouse is Trustee of the Julia L. Petrie Irrevocable Trust - 2010"},"balance_after":2520616,"source":{"system":"sec-edgar","filing":"0001562180-23-000605","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023000605/primarydocument.xml","form_type":"4"}},{"id":2044669,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2023-01-26T21:14:23.000Z","date":"2023-01-24","kind":"grant","acquired":true,"shares":27711,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vesting and shares are issued: 9,071 vesting 2/1/2024; 9,070 vesting 2/1/2025, and 9,070 vesting 2/1/2026."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Includes 100,031 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 29,824 vesting 2/1/2023; 38,893 vesting 2/1/2024; 22,244 vesting 2/1/2025; and 9,070 vesting 2/1/2026."}],"balance_after":2090693,"source":{"system":"sec-edgar","filing":"0001562180-23-000605","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023000605/primarydocument.xml","form_type":"4"}},{"id":2187780,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2022-08-11T13:26:49.000Z","date":"2022-08-09","kind":"gift","acquired":false,"shares":19820,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"includes 72,820 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 29,824 vesting 2/1/2023; 29,822 vesting 2/1/2024; and 13,174 vesting 2/1/2025."}],"balance_after":2075982,"source":{"system":"sec-edgar","filing":"0001562180-22-006037","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218022006037/primarydocument.xml","form_type":"4"}},{"id":2412864,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2022-02-03T21:57:48.000Z","date":"2022-02-01","kind":"tax_withholding","acquired":false,"shares":4869,"price":30.4,"value":148017.6,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"includes 72,820 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 29,824 vesting 2/1/2023; 29,822 vesting 2/1/2024; and 13,174 vesting 2/1/2025."}],"balance_after":2095802,"source":{"system":"sec-edgar","filing":"0001562180-22-001056","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218022001056/primarydocument.xml","form_type":"4"}},{"id":2424907,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2022-01-26T21:16:43.000Z","date":"2022-01-24","kind":"grant","acquired":true,"shares":36483,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vesting and shares are issued: 12,161 vesting 2/1/2023; 12,161 vesting 2/1/2024, and 12,161 vesting 2/1/2025."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"includes 86,428 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 28,808 vesting 2/1/2022; 28,810 vesting 2/1/2023; 28,810 vesting 2/1/2024; and 12,161 vesting 2/1/2025."}],"balance_after":1410582,"source":{"system":"sec-edgar","filing":"0001562180-22-000686","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218022000686/primarydocument.xml","form_type":"4"}},{"id":2655487,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2021-06-25T01:42:47.000Z","date":"2021-06-24","kind":"gift","acquired":true,"shares":5014,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Spouse is Trustee of The Petrie Grandchildren Trust"},"balance_after":418286,"source":{"system":"sec-edgar","filing":"0001562180-21-004495","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021004495/primarydocument.xml","form_type":"4"}},{"id":2655486,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2021-06-25T01:42:47.000Z","date":"2021-06-22","kind":"gift","acquired":false,"shares":302805,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Spouse is Trustee of the Julia L. Petrie Irrevocable Trust - 2010"},"balance_after":1720411,"source":{"system":"sec-edgar","filing":"0001562180-21-004495","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021004495/primarydocument.xml","form_type":"4"}},{"id":2655485,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2021-06-25T01:42:47.000Z","date":"2021-04-01","kind":"other","acquired":true,"shares":0.3062,"price":42.55,"value":13.02881,"ownership":{"direct":false,"nature":"By ESOP"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F3","text":"Dividend reinvestment for shares held within ESOP with purchase of shares controlled by ESOP trustee."}],"balance_after":145.0739,"source":{"system":"sec-edgar","filing":"0001562180-21-004495","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021004495/primarydocument.xml","form_type":"4"}},{"id":2655484,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2021-06-25T01:42:47.000Z","date":"2021-06-24","kind":"gift","acquired":false,"shares":5014,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"See footnote (1)."}],"balance_after":1374099,"source":{"system":"sec-edgar","filing":"0001562180-21-004495","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021004495/primarydocument.xml","form_type":"4"}},{"id":2655483,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2021-06-25T01:42:47.000Z","date":"2021-06-22","kind":"gift","acquired":false,"shares":39236,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"Includes 33,296 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 11,098 vesting 2/1/2022; 11,099 vesting 2/1/2023; and 11,099 vesting 2/1/2024."}],"balance_after":1379113,"source":{"system":"sec-edgar","filing":"0001562180-21-004495","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021004495/primarydocument.xml","form_type":"4"}},{"id":2720461,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2021-05-10T20:24:07.000Z","date":"2021-03-12","kind":"gift","acquired":true,"shares":186000,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Spouse is Trustee of The Petrie Grandchildren Trust"},"balance_after":413272,"source":{"system":"sec-edgar","filing":"0001562180-21-003364","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021003364/primarydocument.xml","form_type":"4"}},{"id":2720460,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2021-05-10T20:24:07.000Z","date":"2021-03-12","kind":"gift","acquired":false,"shares":93000,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"By Spouse"},"balance_after":1421112,"source":{"system":"sec-edgar","filing":"0001562180-21-003364","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021003364/primarydocument.xml","form_type":"4"}},{"id":2720459,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2021-05-10T20:24:07.000Z","date":"2021-03-12","kind":"gift","acquired":false,"shares":93000,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"Includes 33,296 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 11,098 vesting 2/1/2022; 11,099 vesting 2/1/2023; and 11,099 vesting 2/1/2024."}],"balance_after":1418349,"source":{"system":"sec-edgar","filing":"0001562180-21-003364","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021003364/primarydocument.xml","form_type":"4"}},{"id":2720458,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2021-05-10T20:24:07.000Z","date":"2021-02-03","kind":"grant","acquired":true,"shares":144.7677,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"By ESOP"},"balance_after":144.7677,"source":{"system":"sec-edgar","filing":"0001562180-21-003364","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021003364/primarydocument.xml","form_type":"4"}},{"id":2720457,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series C Depositary Shares","published_at":"2021-05-10T20:24:07.000Z","date":"2021-05-06","kind":"grant","acquired":true,"shares":120000,"price":25,"value":3000000.0,"ownership":{"direct":true},"balance_after":120000,"source":{"system":"sec-edgar","filing":"0001562180-21-003364","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021003364/primarydocument.xml","form_type":"4"}},{"id":2720456,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"8 % Non-Cumulative, Perpetual Preferred Stock","published_at":"2021-05-10T20:24:07.000Z","date":"2021-04-15","kind":"disposition_to_issuer","acquired":false,"shares":5000,"price":1000,"value":5000000.0,"ownership":{"direct":true},"balance_after":0,"source":{"system":"sec-edgar","filing":"0001562180-21-003364","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021003364/primarydocument.xml","form_type":"4"}},{"id":2900234,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2021-01-21T21:09:04.000Z","date":"2020-11-06","kind":"gift","acquired":true,"shares":227272,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Spouse is Trustee of The Petrie Grandchildren Trust"},"balance_after":227272,"source":{"system":"sec-edgar","filing":"0001562180-21-000420","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":7,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021000420/primarydocument.xml","form_type":"4"}},{"id":2900233,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2021-01-21T21:09:04.000Z","date":"2020-12-17","kind":"other","acquired":false,"shares":369574,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Spouse is Trustee of the Julia L. Petrie Irrevocable Trust - 2010"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F3","text":"Distribution in accordance with the terms of the trust"}],"balance_after":2023216,"source":{"system":"sec-edgar","filing":"0001562180-21-000420","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021000420/primarydocument.xml","form_type":"4"}},{"id":2900232,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2021-01-21T21:09:04.000Z","date":"2020-11-04","kind":"gift","acquired":false,"shares":113636,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"By Spouse"},"balance_after":1514112,"source":{"system":"sec-edgar","filing":"0001562180-21-000420","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021000420/primarydocument.xml","form_type":"4"}},{"id":2900231,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2021-01-21T21:09:04.000Z","date":"2021-01-19","kind":"grant","acquired":true,"shares":33296,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vesting and shares are issued: 11,098 vesting 2/1/2022; 11,099 vesting 2/1/2023, and 11,099 vesting 2/1/2024."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"includes 33,296 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 11,098 vesting 2/1/2022; 11,099 vesting 2/1/2023; and 11,099 vesting 2/1/2024."}],"balance_after":1511349,"source":{"system":"sec-edgar","filing":"0001562180-21-000420","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021000420/primarydocument.xml","form_type":"4"}},{"id":2900230,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2021-01-21T21:09:04.000Z","date":"2020-11-06","kind":"gift","acquired":false,"shares":11360,"price":0,"value":0.0,"ownership":{"direct":true},"balance_after":1478053,"source":{"system":"sec-edgar","filing":"0001562180-21-000420","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021000420/primarydocument.xml","form_type":"4"}},{"id":2900229,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2021-01-21T21:09:04.000Z","date":"2020-11-06","kind":"gift","acquired":false,"shares":113636,"price":0,"value":0.0,"ownership":{"direct":true},"balance_after":1489413,"source":{"system":"sec-edgar","filing":"0001562180-21-000420","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021000420/primarydocument.xml","form_type":"4"}},{"id":2900228,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2021-01-21T21:09:04.000Z","date":"2020-08-31","kind":"gift","acquired":false,"shares":24700,"price":0,"value":0.0,"ownership":{"direct":true},"balance_after":1603049,"source":{"system":"sec-edgar","filing":"0001562180-21-000420","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021000420/primarydocument.xml","form_type":"4"}},{"id":3321373,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2020-01-03T21:01:26.000Z","date":"2019-11-20","kind":"gift","acquired":false,"shares":23000,"price":0,"value":0.0,"ownership":{"direct":true},"balance_after":1627749,"source":{"system":"sec-edgar","filing":"0001562180-20-000117","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218020000117/primarydocument.xml","form_type":"5"}},{"id":3407586,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series A Preferred Stock","published_at":"2019-09-24T00:49:35.000Z","date":"2019-09-23","kind":"disposition_to_issuer","acquired":false,"shares":200000,"price":25,"value":5000000.0,"ownership":{"direct":true},"balance_after":0,"source":{"system":"sec-edgar","filing":"0001562180-19-004936","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218019004936/primarydocument.xml","form_type":"4"}},{"id":3407585,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2019-09-24T00:49:35.000Z","date":"2019-08-16","kind":"gift","acquired":false,"shares":23700,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"Shares held by Mr. Petrie jointly with his spouse, Jody J. Petrie."}],"balance_after":3278497,"source":{"system":"sec-edgar","filing":"0001562180-19-004936","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218019004936/primarydocument.xml","form_type":"4"}},{"id":3474287,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Series A Preferred Stock","published_at":"2019-07-01T20:08:57.000Z","date":"2019-06-27","kind":"grant","acquired":true,"shares":200000,"price":25,"value":5000000.0,"ownership":{"direct":true},"balance_after":200000,"source":{"system":"sec-edgar","filing":"0001104659-19-038630","document":"a4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000110465919038630/a4.xml","form_type":"4"}},{"id":3737154,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":true,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2018-12-10T22:30:17.000Z","date":"2018-12-07","kind":"gift","acquired":false,"shares":15273,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The reported disposition represents a bona fide charitable gift made by Mr. Petrie and his spouse, Jody J. Petrie"},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"Shares held by Mr. Petrie jointly with his spouse, Jody J. Petrie."}],"balance_after":3302197,"source":{"system":"sec-edgar","filing":"0001104659-18-072146","document":"a4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000110465918072146/a4.xml","form_type":"4"}},{"id":4068101,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2018-02-10T00:18:38.000Z","date":"2018-01-03","kind":"gift","acquired":true,"shares":2392790,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Spouse is Trustee of the Julia L. Petrie Irrevocable Trust - 2010"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Distribution pursuant to the terms of The Michael F. Petrie Grantor Retained Annuity Trust to beneficiaries who are the Reporting Person and trusts for the adult children of the Reporting Person for which the Reporting Person's spouse is the Trustee."}],"balance_after":2392790,"source":{"system":"sec-edgar","filing":"0001179110-18-001916","document":"edgar.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000117911018001916/edgar.xml","form_type":"4"}},{"id":4068100,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2018-02-10T00:18:38.000Z","date":"2018-01-03","kind":"gift","acquired":true,"shares":2392790,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Spouse is Trustee of the Emily J. Petrie Irrevocable Trust - 2010"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Distribution pursuant to the terms of The Michael F. Petrie Grantor Retained Annuity Trust to beneficiaries who are the Reporting Person and trusts for the adult children of the Reporting Person for which the Reporting Person's spouse is the Trustee."}],"balance_after":2392790,"source":{"system":"sec-edgar","filing":"0001179110-18-001916","document":"edgar.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000117911018001916/edgar.xml","form_type":"4"}},{"id":4068099,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2018-02-10T00:18:38.000Z","date":"2018-01-03","kind":"gift","acquired":false,"shares":4957250,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Spouse is Trustee of the Michael F. Petrie Grantor Retained Annuity Trust"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Distribution pursuant to the terms of The Michael F. Petrie Grantor Retained Annuity Trust to beneficiaries who are the Reporting Person and trusts for the adult children of the Reporting Person for which the Reporting Person's spouse is the Trustee."}],"balance_after":0,"source":{"system":"sec-edgar","filing":"0001179110-18-001916","document":"edgar.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000117911018001916/edgar.xml","form_type":"4"}},{"id":4068098,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":27442,"kind":"person","name":"Petrie Michael F.","position":1,"cik":"0001718348","reported_name":"Petrie Michael F.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chairman and CEO"}}],"security":"Common Stock","published_at":"2018-02-10T00:18:38.000Z","date":"2018-01-03","kind":"gift","acquired":true,"shares":171670,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Distribution pursuant to the terms of The Michael F. Petrie Grantor Retained Annuity Trust to beneficiaries who are the Reporting Person and trusts for the adult children of the Reporting Person for which the Reporting Person's spouse is the Trustee."}],"balance_after":1881470,"source":{"system":"sec-edgar","filing":"0001179110-18-001916","document":"edgar.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000117911018001916/edgar.xml","form_type":"4"}}]}