MERCANTILE BANK CORP

Ticker: MBWM CUSIP: 587376104 Class: Common Stock

JONES FINANCIAL COMPANIES LLLP's Holding History (CIK: 0000815917)

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

Q4 2025

Shares 838 Value ($000) $40 Avg Close $45.87 Range $42.41 - $50.41

Q3 2025

Shares 838 Value ($000) $38 Avg Close $46.86 Range $43.03 - $49.73

Q2 2025

Shares 388 Value ($000) $18 Avg Close $42.36 Range $36.85 - $47.07

Q1 2025

Shares 388 Value ($000) $17 Avg Close $45.00 Range $39.27 - $50.23

Q4 2024

Shares 390 Value ($000) $17 Avg Close $44.75 Range $39.26 - $50.92

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	838	$40	$45.87	$42.41 - $50.41
Q3 2025	838	$38	$46.86	$43.03 - $49.73
Q2 2025	388	$18	$42.36	$36.85 - $47.07
Q1 2025	388	$17	$45.00	$39.27 - $50.23
Q4 2024	390	$17	$44.75	$39.26 - $50.92