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These shares were purchased in multiple transactions at prices ranging from $30.79 to $30.80 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 50,744 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 25,413 vesting 2/1/2026; 18,477 vesting 2/1/2027, and 6,854 vesting 2/1/2028."}],"balance_after":199911,"source":{"system":"sec-edgar","filing":"0001562180-25-003410","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218025003410/primarydocument.xml","form_type":"4"}},{"id":1162262,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2025-05-01T12:41:48.000Z","date":"2025-04-29","kind":"purchase","planned":false,"acquired":true,"shares":3429,"price":30.56,"value":104790.24,"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 $29.75 to $30.67 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 50,744 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 25,413 vesting 2/1/2026; 18,477 vesting 2/1/2027, and 6,854 vesting 2/1/2028."}],"balance_after":199340,"source":{"system":"sec-edgar","filing":"0001562180-25-003410","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218025003410/primarydocument.xml","form_type":"4"}},{"id":1283680,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2025-02-04T22:45:24.000Z","date":"2025-02-01","kind":"tax_withholding","planned":false,"acquired":false,"shares":9557,"price":41.93,"value":400725.01,"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 50,744 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 25,413 vesting 2/1/2026; 18,477 vesting 2/1/2027, and 6,854 vesting 2/1/2028."}],"balance_after":195911,"source":{"system":"sec-edgar","filing":"0001562180-25-000908","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218025000908/primarydocument.xml","form_type":"4"}},{"id":1291654,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2025-01-29T21:32:42.000Z","date":"2025-01-28","kind":"grant","planned":false,"acquired":true,"shares":20562,"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: 6,854 vesting 2/1/2026; 6,854 vesting 2/1/2027, and 6,854 vesting 2/1/2028."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Includes 80,248 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 29,504 vesting 2/1/2025; 25,413 vesting 2/1/2026; 18,477 vesting 2/1/2027, and 6,854 vesting 2/1/2028."}],"balance_after":205468,"source":{"system":"sec-edgar","filing":"0001562180-25-000660","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218025000660/primarydocument.xml","form_type":"4"}},{"id":1309689,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Series B Depositary Shares","published_at":"2025-01-06T22:55:05.000Z","date":"2025-01-02","kind":"disposition_to_issuer","planned":false,"acquired":false,"shares":1500,"price":25,"value":37500.0,"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":"0001562180-25-000205","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218025000205/primarydocument.xml","form_type":"4"}},{"id":1660698,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2024-02-02T21:10:47.000Z","date":"2024-02-01","kind":"tax_withholding","planned":false,"acquired":false,"shares":13178,"price":42.17,"value":555716.26,"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 59,686 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 29,504 vesting 2/1/2025; 18,559 vesting 2/1/2026, and 11,623 vesting 2/1/2027."}],"balance_after":184906,"source":{"system":"sec-edgar","filing":"0001562180-24-000972","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218024000972/primarydocument.xml","form_type":"4"}},{"id":1669232,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2024-01-26T22:23:32.000Z","date":"2024-01-24","kind":"grant","planned":false,"acquired":true,"shares":34869,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"Includes 90,886 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 31,200 vesting 2/1/2024; 29,504 vesting 2/1/2025; 18,559 vesting 2/1/2026, and 11,623 vesting 2/1/2027."}],"balance_after":198084,"source":{"system":"sec-edgar","filing":"0001562180-24-000676","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218024000676/primarydocument.xml","form_type":"4"}},{"id":1904015,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Series B Depositary Shares","published_at":"2023-05-04T20:31:05.000Z","date":"2023-05-04","kind":"purchase","planned":false,"acquired":true,"shares":1500,"price":17.5,"value":26250.0,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F3","text":"The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $17.30 to $17.67 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":1500,"source":{"system":"sec-edgar","filing":"0001562180-23-003932","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023003932/primarydocument.xml","form_type":"4"}},{"id":1904014,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2023-05-04T20:31:05.000Z","date":"2023-05-04","kind":"purchase","planned":false,"acquired":true,"shares":2500,"price":22.13,"value":55325.0,"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 $21.99 to $22.30 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 56,017 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 31,200 vesting 2/1/2024; 17,881 vesting 2/1/2025; and 6,936 vesting 2/1/2026."}],"balance_after":163215,"source":{"system":"sec-edgar","filing":"0001562180-23-003932","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023003932/primarydocument.xml","form_type":"4"}},{"id":2032045,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2023-02-04T00:42:49.000Z","date":"2023-02-01","kind":"tax_withholding","acquired":false,"shares":11217,"price":30.05,"value":337070.85,"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 56,017 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 31,200 vesting 2/1/2024; 17,881 vesting 2/1/2025; and 6,936 vesting 2/1/2026."}],"balance_after":160715,"source":{"system":"sec-edgar","filing":"0001562180-23-000991","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023000991/primarydocument.xml","form_type":"4"}},{"id":2044668,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2023-01-26T21:14:16.000Z","date":"2023-01-24","kind":"grant","acquired":true,"shares":20809,"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: 6,937 vesting 2/1/2024; 6,936 vesting 2/1/2025, and 6,936 vesting 2/1/2026."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Includes 87,169 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 31,152 vesting 2/1/2023; 31,200 vesting 2/1/2024; 17,881 vesting 2/1/2025; and 6,936 vesting 2/1/2026."}],"balance_after":171932,"source":{"system":"sec-edgar","filing":"0001562180-23-000604","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218023000604/primarydocument.xml","form_type":"4"}},{"id":2412863,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2022-02-03T21:59:16.000Z","date":"2022-02-01","kind":"tax_withholding","acquired":false,"shares":8052,"price":30.4,"value":244780.8,"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 66,360 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 31,152 vesting 2/1/2023; 24,263 vesting 2/1/2024; and 10,945 vesting 2/1/2025."}],"balance_after":151123,"source":{"system":"sec-edgar","filing":"0001562180-22-001057","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218022001057/primarydocument.xml","form_type":"4"}},{"id":2424904,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2022-01-26T21:16:05.000Z","date":"2022-01-24","kind":"grant","acquired":true,"shares":32834,"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: 10,944 vesting 2/1/2023; 10,945 vesting 2/1/2024, and 10,945 vesting 2/1/2025."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"includes 92,9624 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued:26,562 vesting 2/1/2022; 31,153 vesting 2/1/2023; 24,264 vesting 2/1/2024; and 10,945 vesting 2/1/2025."}],"balance_after":161177,"source":{"system":"sec-edgar","filing":"0001562180-22-000682","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218022000682/primarydocument.xml","form_type":"4"}},{"id":2506281,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Series A Preferred Stock","published_at":"2021-11-17T21:13:08.000Z","date":"2021-11-16","kind":"sale","acquired":false,"shares":1200,"price":28,"value":33600.0,"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 $28.00 to $28.01 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":0,"source":{"system":"sec-edgar","filing":"0001562180-21-007103","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021007103/primarydocument.xml","form_type":"4"}},{"id":2884559,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2021-02-02T21:12:09.000Z","date":"2021-02-01","kind":"tax_withholding","acquired":false,"shares":2469,"price":31.92,"value":78810.48,"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 40,058 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 17,707 vesting 2/1/2022; 13,472 vesting 2/1/2023; and 8,879 vesting 2/1/2024."}],"balance_after":84227,"source":{"system":"sec-edgar","filing":"0001562180-21-000725","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021000725/primarydocument.xml","form_type":"4"}},{"id":2900235,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2021-01-21T21:09:16.000Z","date":"2021-01-19","kind":"grant","acquired":true,"shares":26637,"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: 8,879 vesting 2/1/2022; 8,879 vesting 2/1/2023, and 8,879 vesting 2/1/2024."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Includes 48,884 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 8,826 vesting 2/1/2021; 17,707 vesting 2/1/2022; 13,472 vesting 2/1/2023; and 8,879 vesting 2/1/2024."}],"balance_after":86696,"source":{"system":"sec-edgar","filing":"0001562180-21-000421","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218021000421/primarydocument.xml","form_type":"4"}},{"id":2962376,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2020-12-02T02:07:14.000Z","date":"2020-11-30","kind":"tax_withholding","acquired":false,"shares":2631,"price":26.64,"value":70089.84,"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 22,247 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 8,826 vesting 2/1/2021; 8,828 vesting 2/1/2022; and 4,593 vesting 2/1/2023."}],"balance_after":60059,"source":{"system":"sec-edgar","filing":"0001562180-20-006992","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218020006992/primarydocument.xml","form_type":"4"}},{"id":3208179,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2020-03-17T01:53:27.000Z","date":"2020-03-15","kind":"tax_withholding","acquired":false,"shares":1172,"price":16.05,"value":18810.6,"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 31,600 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 9,353 vesting 11/30/2020; 8,826 vesting 2/1/2021; 8,828 vesting 2/1/2022; and 4,593 vesting 2/1/2023."}],"balance_after":62690,"source":{"system":"sec-edgar","filing":"0001562180-20-002556","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218020002556/primarydocument.xml","form_type":"4"}},{"id":3302421,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2020-01-24T21:03:02.000Z","date":"2020-01-22","kind":"grant","acquired":true,"shares":13778,"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: 4,592 vesting 2/1/2021; 4,593 vesting 2/1/2022, and 4,593 vesting 2/1/2023."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"includes 35,834 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 4,234 vesting 3/15/2020; 9,353 vesting 11/30/2020; 8,826 vesting 2/1/2021; 8,828 vesting 2/1/2022; and 4,593 vesting 2/1/2023."}],"balance_after":63862,"source":{"system":"sec-edgar","filing":"0001562180-20-000541","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218020000541/primarydocument.xml","form_type":"4"}},{"id":3321376,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2020-01-03T21:09:56.000Z","date":"2020-01-02","kind":"sale","acquired":false,"shares":3331,"price":19.6956,"value":65606.0436,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"These shares were part of an automatic sell to cover transaction to satisfy tax withholding obligations in connection with the vesting of restricted stock units and do no represent discretionary trades by the reporting person."},{"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 $19.70 to $19.56 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":"F3","text":"Includes 9,210 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 5,237 vesting 12/31/2020 and 3,913 vesting 12/31/2021."}],"balance_after":50084,"source":{"system":"sec-edgar","filing":"0001562180-20-000121","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000156218020000121/primarydocument.xml","form_type":"4"}},{"id":3578050,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Series A Preferred Stock","published_at":"2019-03-26T20:53:35.000Z","date":"2019-03-22","kind":"purchase","acquired":true,"shares":1200,"price":25,"value":30000.0,"ownership":{"direct":true},"balance_after":1200,"source":{"system":"sec-edgar","filing":"0001104659-19-017453","document":"a4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000110465919017453/a4.xml","form_type":"4"}},{"id":3634966,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2019-02-25T21:05:54.000Z","date":"2019-02-21","kind":"grant","acquired":true,"shares":12703,"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 on 12/31/2021 and shares are issued"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"includes 33,422 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 11,366 vesting 12/31/2019; 9,353 vesting 12/31/2020; and 12,703 vesting 12/31/2021"}],"balance_after":53415,"source":{"system":"sec-edgar","filing":"0001104659-19-010332","document":"a4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000110465919010332/a4.xml","form_type":"4"}},{"id":3690410,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2019-01-22T21:05:51.000Z","date":"2019-01-18","kind":"grant","acquired":true,"shares":2864,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"includes 20,719 unvested shares for which the reporting person does not have voting rights or receive dividends until vested: 11,366 vesting 12/31/2019 and 9,353 vesting 12/31/2020"}],"balance_after":40712,"source":{"system":"sec-edgar","filing":"0001104659-19-002729","document":"a4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000110465919002729/a4.xml","form_type":"4"}},{"id":4032889,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2018-02-26T21:21:37.000Z","date":"2018-02-22","kind":"grant","acquired":true,"shares":12033,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Grant of stock vests: 1,340 shares on 2/22/2019; 1,340 shares on 12/31/2019; and 9,353 shares on 12/31/2020."}],"balance_after":27822,"source":{"system":"sec-edgar","filing":"0001179110-18-002842","document":"edgar.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000117911018002842/edgar.xml","form_type":"4"}},{"id":4092126,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, COO"}}],"security":"Common Stock","published_at":"2018-01-23T22:30:23.000Z","date":"2018-01-19","kind":"grant","acquired":true,"shares":2864,"price":0,"value":0.0,"ownership":{"direct":true},"balance_after":15789,"source":{"system":"sec-edgar","filing":"0001179110-18-001023","document":"edgar.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000117911018001023/edgar.xml","form_type":"4"}},{"id":4177282,"issuer":{"id":4382,"kind":"organization","name":"Merchants Bancorp"},"owners":[{"id":67895,"kind":"person","name":"Dunlap Michael J.","position":1,"cik":"0001718495","reported_name":"Dunlap Michael J.","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"President, Co-COO (1)"}}],"security":"Common Stock","published_at":"2017-10-31T20:05:45.000Z","date":"2017-10-27","kind":"purchase","acquired":true,"shares":1500,"price":16,"value":24000.0,"ownership":{"direct":true},"balance_after":12925,"source":{"system":"sec-edgar","filing":"0001179110-17-013571","document":"edgar.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1629019/000117911017013571/edgar.xml","form_type":"4"}}]}