FIRST MERCHANTS CORP

Ticker: FRME CUSIP: 320817109 Class: COM

MORGAN STANLEY's Holding History (CIK: 0000895421)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 291,208 Value ($000) $10,915 Avg Close $36.79 Range $34.33 - $39.38

Q3 2025

Shares 282,173 Value ($000) $10,638 Avg Close $39.26 Range $36.09 - $41.68

Q2 2025

Shares 246,148 Value ($000) $9,427 Avg Close $36.08 Range $32.21 - $39.15

Q1 2025

Shares 259,081 Value ($000) $10,477 Avg Close $40.25 Range $35.90 - $43.98

Q4 2024

Shares 286,345 Value ($000) $11,422 Avg Close $38.77 Range $33.60 - $44.12

Q3 2024

Shares 320,441 Value ($000) $11,920 Avg Close $35.16 Range $30.58 - $40.22

Q2 2024

Shares 243,182 Value ($000) $8,096 Avg Close $31.40 Range $28.94 - $33.99

Q1 2024

Shares 295,945 Value ($000) $10,329 Avg Close $31.96 Range $30.07 - $35.11

Q4 2023

Shares 370,143 Value ($000) $13,725 Avg Close $28.54 Range $23.58 - $35.39

Q3 2023

Shares 346,831 Value ($000) $9,649 Avg Close $27.26 Range $24.70 - $29.80

Q2 2023

Shares 319,685 Value ($000) $9,025 Avg Close $25.52 Range $21.95 - $29.76

Q1 2023

Shares 295,986 Value ($000) $9,753 Avg Close $35.28 Range $28.79 - $39.06

Q4 2022

Shares 323,621 Value ($000) $13,304 Avg Close $37.35 Range $34.12 - $39.72

Q3 2022

Shares 416,171 Value ($000) $16,098 Avg Close $34.80 Range $29.80 - $38.54

Q2 2022

Shares 366,446 Value ($000) $13,052 Avg Close $34.25 Range $30.68 - $38.66

Q1 2022

Shares 62,348 Value ($000) $2,594 Avg Close $37.52 Range $35.45 - $39.76

Q4 2021

Shares 88,775 Value ($000) $3,719 Avg Close $35.95 Range $33.30 - $37.79

Q3 2021

Shares 90,976 Value ($000) $3,807 Avg Close $34.62 Range $32.24 - $36.96

Q2 2021

Shares 91,033 Value ($000) $3,793 Avg Close $38.60 Range $35.07 - $41.15

Q1 2021

Shares 71,713 Value ($000) $3,334 Avg Close $36.25 Range $28.53 - $42.77

Q4 2020

Shares 70,802 Value ($000) $2,649 Avg Close $25.94 Range $19.07 - $31.78

Q3 2020

Shares 46,295 Value ($000) $1,073 Avg Close $20.66 Range $17.92 - $23.56

Q2 2020

Shares 54,559 Value ($000) $1,504 Avg Close $21.90 Range $17.31 - $26.55

Q1 2020

Shares 67,061 Value ($000) $1,777 Avg Close $29.65 Range $18.68 - $34.23

Q4 2019

Shares 107,526 Value ($000) $4,472 Avg Close $32.25 Range $29.02 - $34.47

Q3 2019

Shares 95,085 Value ($000) $3,579 Avg Close $29.96 Range $27.57 - $32.15

Q2 2019

Shares 65,651 Value ($000) $2,488 Avg Close $29.19 Range $26.41 - $31.49

Q1 2019

Shares 46,504 Value ($000) $1,713 Avg Close $30.32 Range $26.50 - $32.91

Q4 2018

Shares 207,431 Value ($000) $7,108 Avg Close $31.95 Range $25.67 - $36.14

Q3 2018

Shares 199,654 Value ($000) $8,981 Avg Close $37.27 Range $35.16 - $39.45

Q2 2018

Shares 136,376 Value ($000) $6,328 Avg Close $34.96 Range $31.66 - $38.47

Q1 2018

Shares 145,083 Value ($000) $6,050 Avg Close $33.20 Range $31.09 - $34.82

Q4 2017

Shares 212,449 Value ($000) $8,936 Avg Close $33.01 Range $29.02 - $35.20

Q3 2017

Shares 162,476 Value ($000) $6,974 Avg Close $30.64 Range $28.63 - $33.44

Q2 2017

Shares 141,720 Value ($000) $5,688 Avg Close $30.90 Range $28.32 - $33.41

Q1 2017

Shares 138,918 Value ($000) $5,462 Avg Close $29.75 Range $26.87 - $32.13

Q4 2016

Shares 217,636 Value ($000) $8,194 Avg Close $24.15 Range $19.60 - $28.97

Q3 2016

Shares 62,040 Value ($000) $1,659 Avg Close $19.98 Range $18.03 - $20.70

Q2 2016

Shares 43,557 Value ($000) $1,086 Avg Close $18.70 Range $16.99 - $20.04

Q1 2016

Shares 77,092 Value ($000) $1,818 Avg Close $17.09 Range $15.76 - $18.88

Q4 2015

Shares 63,607 Value ($000) $1,617 Avg Close $19.62 Range $18.41 - $20.54

Q3 2015

Shares 62,840 Value ($000) $1,648 Avg Close $19.18 Range $18.23 - $19.83

Q2 2015

Shares 63,284 Value ($000) $1,564 Avg Close $17.41 Range $16.29 - $18.80

Q1 2015

Shares 124,479 Value ($000) $2,931 Avg Close $16.75 Range $15.70 - $17.66

Q4 2014

Shares 175,896 Value ($000) $4,001 Avg Close $15.93 Range $14.60 - $17.19

Q3 2014

Shares 186,133 Value ($000) $3,762 Avg Close $14.88 Range $14.19 - $16.12

Q2 2014

Shares 267,643 Value ($000) $5,657 Avg Close $15.12 Range $14.08 - $16.56

Q1 2014

Shares 273,533 Value ($000) $5,919 Avg Close $15.38 Range $14.30 - $16.42

Q4 2013

Shares 275,239 Value ($000) $6,255 Avg Close $14.49 Range $12.54 - $16.92

Q3 2013

Shares 202,846 Value ($000) $3,515 Avg Close $12.95 Range $12.05 - $13.80

Q2 2013

Shares 277,763 Value ($000) $4,764 Avg Close $11.60 Range $10.12 - $12.60

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	291,208	$10,915	$36.79	$34.33 - $39.38
Q3 2025	282,173	$10,638	$39.26	$36.09 - $41.68
Q2 2025	246,148	$9,427	$36.08	$32.21 - $39.15
Q1 2025	259,081	$10,477	$40.25	$35.90 - $43.98
Q4 2024	286,345	$11,422	$38.77	$33.60 - $44.12
Q3 2024	320,441	$11,920	$35.16	$30.58 - $40.22
Q2 2024	243,182	$8,096	$31.40	$28.94 - $33.99
Q1 2024	295,945	$10,329	$31.96	$30.07 - $35.11
Q4 2023	370,143	$13,725	$28.54	$23.58 - $35.39
Q3 2023	346,831	$9,649	$27.26	$24.70 - $29.80
Q2 2023	319,685	$9,025	$25.52	$21.95 - $29.76
Q1 2023	295,986	$9,753	$35.28	$28.79 - $39.06
Q4 2022	323,621	$13,304	$37.35	$34.12 - $39.72
Q3 2022	416,171	$16,098	$34.80	$29.80 - $38.54
Q2 2022	366,446	$13,052	$34.25	$30.68 - $38.66
Q1 2022	62,348	$2,594	$37.52	$35.45 - $39.76
Q4 2021	88,775	$3,719	$35.95	$33.30 - $37.79
Q3 2021	90,976	$3,807	$34.62	$32.24 - $36.96
Q2 2021	91,033	$3,793	$38.60	$35.07 - $41.15
Q1 2021	71,713	$3,334	$36.25	$28.53 - $42.77
Q4 2020	70,802	$2,649	$25.94	$19.07 - $31.78
Q3 2020	46,295	$1,073	$20.66	$17.92 - $23.56
Q2 2020	54,559	$1,504	$21.90	$17.31 - $26.55
Q1 2020	67,061	$1,777	$29.65	$18.68 - $34.23
Q4 2019	107,526	$4,472	$32.25	$29.02 - $34.47
Q3 2019	95,085	$3,579	$29.96	$27.57 - $32.15
Q2 2019	65,651	$2,488	$29.19	$26.41 - $31.49
Q1 2019	46,504	$1,713	$30.32	$26.50 - $32.91
Q4 2018	207,431	$7,108	$31.95	$25.67 - $36.14
Q3 2018	199,654	$8,981	$37.27	$35.16 - $39.45
Q2 2018	136,376	$6,328	$34.96	$31.66 - $38.47
Q1 2018	145,083	$6,050	$33.20	$31.09 - $34.82
Q4 2017	212,449	$8,936	$33.01	$29.02 - $35.20
Q3 2017	162,476	$6,974	$30.64	$28.63 - $33.44
Q2 2017	141,720	$5,688	$30.90	$28.32 - $33.41
Q1 2017	138,918	$5,462	$29.75	$26.87 - $32.13
Q4 2016	217,636	$8,194	$24.15	$19.60 - $28.97
Q3 2016	62,040	$1,659	$19.98	$18.03 - $20.70
Q2 2016	43,557	$1,086	$18.70	$16.99 - $20.04
Q1 2016	77,092	$1,818	$17.09	$15.76 - $18.88
Q4 2015	63,607	$1,617	$19.62	$18.41 - $20.54
Q3 2015	62,840	$1,648	$19.18	$18.23 - $19.83
Q2 2015	63,284	$1,564	$17.41	$16.29 - $18.80
Q1 2015	124,479	$2,931	$16.75	$15.70 - $17.66
Q4 2014	175,896	$4,001	$15.93	$14.60 - $17.19
Q3 2014	186,133	$3,762	$14.88	$14.19 - $16.12
Q2 2014	267,643	$5,657	$15.12	$14.08 - $16.56
Q1 2014	273,533	$5,919	$15.38	$14.30 - $16.42
Q4 2013	275,239	$6,255	$14.49	$12.54 - $16.92
Q3 2013	202,846	$3,515	$12.95	$12.05 - $13.80
Q2 2013	277,763	$4,764	$11.60	$10.12 - $12.60