FIRST MERCHANTS CORP

Ticker: FRME CUSIP: 320817109 Class: COM

STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM's Holding History (CIK: 0000938076)

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

Q4 2025

Shares 26,310 Value ($000) $986 Avg Close $36.79 Range $34.33 - $39.38

Q3 2025

Shares 26,310 Value ($000) $992 Avg Close $39.26 Range $36.09 - $41.68

Q2 2025

Shares 26,310 Value ($000) $1,008 Avg Close $36.08 Range $32.21 - $39.15

Q1 2025

Shares 26,310 Value ($000) $1,064 Avg Close $40.25 Range $35.90 - $43.98

Q4 2024

Shares 26,310 Value ($000) $1,050 Avg Close $38.77 Range $33.60 - $44.12

Q3 2024

Shares 26,310 Value ($000) $979 Avg Close $35.16 Range $30.58 - $40.22

Q2 2024

Shares 26,310 Value ($000) $876 Avg Close $31.40 Range $28.94 - $33.99

Q1 2024

Shares 31,082 Value ($000) $1,024 Avg Close $31.96 Range $30.07 - $35.11

Q4 2023

Shares 16,882 Value ($000) $626 Avg Close $28.54 Range $23.58 - $35.39

Q3 2023

Shares 16,882 Value ($000) $470 Avg Close $27.26 Range $24.70 - $29.80

Q2 2023

Shares 16,792 Value ($000) $474 Avg Close $25.52 Range $21.95 - $29.76

Q1 2023

Shares 31,082 Value ($000) $1,024 Avg Close $35.28 Range $28.79 - $39.06

Q4 2022

Shares 31,082 Value ($000) $1,278 Avg Close $37.35 Range $34.12 - $39.72

Q3 2022

Shares 31,702 Value ($000) $1,226 Avg Close $34.80 Range $29.80 - $38.54

Q2 2022

Shares 31,702 Value ($000) $1,129 Avg Close $34.25 Range $30.68 - $38.66

Q1 2022

Shares 31,702 Value ($000) $1,319 Avg Close $37.52 Range $35.45 - $39.76

Q4 2021

Shares 31,702 Value ($000) $1,328 Avg Close $35.95 Range $33.30 - $37.79

Q3 2021

Shares 31,848 Value ($000) $1,333 Avg Close $34.62 Range $32.24 - $36.96

Q2 2021

Shares 31,848 Value ($000) $1,327 Avg Close $38.60 Range $35.07 - $41.15

Q1 2021

Shares 31,848 Value ($000) $1,481 Avg Close $36.25 Range $28.53 - $42.77

Q4 2020

Shares 32,448 Value ($000) $1,214 Avg Close $25.94 Range $19.07 - $31.78

Q3 2020

Shares 35,038 Value ($000) $811 Avg Close $20.66 Range $17.92 - $23.56

Q2 2020

Shares 35,038 Value ($000) $966 Avg Close $21.90 Range $17.31 - $26.55

Q1 2020

Shares 35,038 Value ($000) $928 Avg Close $29.65 Range $18.68 - $34.23

Q4 2019

Shares 35,038 Value ($000) $1,457 Avg Close $32.25 Range $29.02 - $34.47

Q3 2019

Shares 37,928 Value ($000) $1,427 Avg Close $29.96 Range $27.57 - $32.15

Q2 2019

Shares 37,928 Value ($000) $1,437 Avg Close $29.19 Range $26.41 - $31.49

Q1 2019

Shares 37,928 Value ($000) $1,398 Avg Close $30.32 Range $26.50 - $32.91

Q4 2018

Shares 38,798 Value ($000) $1,330 Avg Close $31.95 Range $25.67 - $36.14

Q3 2018

Shares 38,798 Value ($000) $1,746 Avg Close $37.27 Range $35.16 - $39.45

Q2 2018

Shares 38,798 Value ($000) $1,800 Avg Close $34.96 Range $31.66 - $38.47

Q1 2018

Shares 38,918 Value ($000) $1,623 Avg Close $33.20 Range $31.09 - $34.82

Q4 2017

Shares 38,918 Value ($000) $1,637 Avg Close $33.01 Range $29.02 - $35.20

Q3 2017

Shares 60,618 Value ($000) $2,602 Avg Close $30.64 Range $28.63 - $33.44

Q2 2017

Shares 60,987 Value ($000) $2,448 Avg Close $30.90 Range $28.32 - $33.41

Q1 2017

Shares 60,987 Value ($000) $2,398 Avg Close $29.75 Range $26.87 - $32.13

Q4 2016

Shares 60,987 Value ($000) $2,296 Avg Close $24.15 Range $19.60 - $28.97

Q3 2016

Shares 60,987 Value ($000) $1,631 Avg Close $19.98 Range $18.03 - $20.70

Q2 2016

Shares 60,877 Value ($000) $1,518 Avg Close $18.70 Range $16.99 - $20.04

Q1 2016

Shares 60,877 Value ($000) $1,435 Avg Close $17.09 Range $15.76 - $18.88

Q4 2015

Shares 81,966 Value ($000) $2,084 Avg Close $19.62 Range $18.41 - $20.54

Q3 2015

Shares 83,649 Value ($000) $2,193 Avg Close $19.18 Range $18.23 - $19.83

Q2 2015

Shares 84,484 Value ($000) $2,087 Avg Close $17.41 Range $16.29 - $18.80

Q1 2015

Shares 84,484 Value ($000) $1,989 Avg Close $16.75 Range $15.70 - $17.66

Q4 2014

Shares 84,484 Value ($000) $1,922 Avg Close $15.93 Range $14.60 - $17.19

Q3 2014

Shares 84,484 Value ($000) $1,707 Avg Close $14.88 Range $14.19 - $16.12

Q2 2014

Shares 84,484 Value ($000) $1,786 Avg Close $15.12 Range $14.08 - $16.56

Q1 2014

Shares 84,484 Value ($000) $1,828 Avg Close $15.38 Range $14.30 - $16.42

Q4 2013

Shares 86,113 Value ($000) $1,960 Avg Close $14.49 Range $12.54 - $16.92

Q3 2013

Shares 86,760 Value ($000) $1,504 Avg Close $12.95 Range $12.05 - $13.80

Q2 2013

Shares 86,760 Value ($000) $1,488 Avg Close $11.60 Range $10.12 - $12.60

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	26,310	$986	$36.79	$34.33 - $39.38
Q3 2025	26,310	$992	$39.26	$36.09 - $41.68
Q2 2025	26,310	$1,008	$36.08	$32.21 - $39.15
Q1 2025	26,310	$1,064	$40.25	$35.90 - $43.98
Q4 2024	26,310	$1,050	$38.77	$33.60 - $44.12
Q3 2024	26,310	$979	$35.16	$30.58 - $40.22
Q2 2024	26,310	$876	$31.40	$28.94 - $33.99
Q1 2024	31,082	$1,024	$31.96	$30.07 - $35.11
Q4 2023	16,882	$626	$28.54	$23.58 - $35.39
Q3 2023	16,882	$470	$27.26	$24.70 - $29.80
Q2 2023	16,792	$474	$25.52	$21.95 - $29.76
Q1 2023	31,082	$1,024	$35.28	$28.79 - $39.06
Q4 2022	31,082	$1,278	$37.35	$34.12 - $39.72
Q3 2022	31,702	$1,226	$34.80	$29.80 - $38.54
Q2 2022	31,702	$1,129	$34.25	$30.68 - $38.66
Q1 2022	31,702	$1,319	$37.52	$35.45 - $39.76
Q4 2021	31,702	$1,328	$35.95	$33.30 - $37.79
Q3 2021	31,848	$1,333	$34.62	$32.24 - $36.96
Q2 2021	31,848	$1,327	$38.60	$35.07 - $41.15
Q1 2021	31,848	$1,481	$36.25	$28.53 - $42.77
Q4 2020	32,448	$1,214	$25.94	$19.07 - $31.78
Q3 2020	35,038	$811	$20.66	$17.92 - $23.56
Q2 2020	35,038	$966	$21.90	$17.31 - $26.55
Q1 2020	35,038	$928	$29.65	$18.68 - $34.23
Q4 2019	35,038	$1,457	$32.25	$29.02 - $34.47
Q3 2019	37,928	$1,427	$29.96	$27.57 - $32.15
Q2 2019	37,928	$1,437	$29.19	$26.41 - $31.49
Q1 2019	37,928	$1,398	$30.32	$26.50 - $32.91
Q4 2018	38,798	$1,330	$31.95	$25.67 - $36.14
Q3 2018	38,798	$1,746	$37.27	$35.16 - $39.45
Q2 2018	38,798	$1,800	$34.96	$31.66 - $38.47
Q1 2018	38,918	$1,623	$33.20	$31.09 - $34.82
Q4 2017	38,918	$1,637	$33.01	$29.02 - $35.20
Q3 2017	60,618	$2,602	$30.64	$28.63 - $33.44
Q2 2017	60,987	$2,448	$30.90	$28.32 - $33.41
Q1 2017	60,987	$2,398	$29.75	$26.87 - $32.13
Q4 2016	60,987	$2,296	$24.15	$19.60 - $28.97
Q3 2016	60,987	$1,631	$19.98	$18.03 - $20.70
Q2 2016	60,877	$1,518	$18.70	$16.99 - $20.04
Q1 2016	60,877	$1,435	$17.09	$15.76 - $18.88
Q4 2015	81,966	$2,084	$19.62	$18.41 - $20.54
Q3 2015	83,649	$2,193	$19.18	$18.23 - $19.83
Q2 2015	84,484	$2,087	$17.41	$16.29 - $18.80
Q1 2015	84,484	$1,989	$16.75	$15.70 - $17.66
Q4 2014	84,484	$1,922	$15.93	$14.60 - $17.19
Q3 2014	84,484	$1,707	$14.88	$14.19 - $16.12
Q2 2014	84,484	$1,786	$15.12	$14.08 - $16.56
Q1 2014	84,484	$1,828	$15.38	$14.30 - $16.42
Q4 2013	86,113	$1,960	$14.49	$12.54 - $16.92
Q3 2013	86,760	$1,504	$12.95	$12.05 - $13.80
Q2 2013	86,760	$1,488	$11.60	$10.12 - $12.60