FIRST MERCHANTS CORP

Ticker: FRME CUSIP: 320817109 Class: COM

MAI Capital Management's Holding History (CIK: 0001040197)

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

Q4 2025

Shares 1,159 Value ($000) $43 Avg Close $36.79 Range $34.33 - $39.38

Q3 2025

Shares 1,369 Value ($000) $52 Avg Close $39.26 Range $36.09 - $41.68

Q2 2025

Shares 1,341 Value ($000) $51 Avg Close $36.08 Range $32.21 - $39.15

Q1 2025

Shares 1,131 Value ($000) $46 Avg Close $40.25 Range $35.90 - $43.98

Q4 2024

Shares 1,375 Value ($000) $55 Avg Close $38.77 Range $33.60 - $44.12

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,159	$43	$36.79	$34.33 - $39.38
Q3 2025	1,369	$52	$39.26	$36.09 - $41.68
Q2 2025	1,341	$51	$36.08	$32.21 - $39.15
Q1 2025	1,131	$46	$40.25	$35.90 - $43.98
Q4 2024	1,375	$55	$38.77	$33.60 - $44.12