MERCANTILE BANK CORP

Ticker: MBWM CUSIP: 587376104 Class: Common Stock

MORGAN STANLEY's Holding History (CIK: 0000895421)

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

Q4 2025

Shares 159,614 Value ($000) $7,678 Avg Close $45.87 Range $42.41 - $50.41

Q3 2025

Shares 168,041 Value ($000) $7,562 Avg Close $46.86 Range $43.03 - $49.73

Q2 2025

Shares 113,777 Value ($000) $5,280 Avg Close $42.36 Range $36.85 - $47.07

Q1 2025

Shares 104,380 Value ($000) $4,534 Avg Close $45.00 Range $39.27 - $50.23

Q4 2024

Shares 126,754 Value ($000) $5,639 Avg Close $44.75 Range $39.26 - $50.92

Q3 2024

Shares 105,808 Value ($000) $4,626 Avg Close $42.22 Range $36.25 - $48.82

Q2 2024

Shares 88,398 Value ($000) $3,586 Avg Close $35.44 Range $31.60 - $39.19

Q1 2024

Shares 89,749 Value ($000) $3,455 Avg Close $35.78 Range $32.03 - $40.05

Q4 2023

Shares 109,476 Value ($000) $4,421 Avg Close $32.54 Range $27.90 - $39.22

Q3 2023

Shares 97,386 Value ($000) $3,010 Avg Close $30.06 Range $24.71 - $33.68

Q2 2023

Shares 89,199 Value ($000) $2,464 Avg Close $25.19 Range $21.63 - $28.94

Q1 2023

Shares 100,663 Value ($000) $3,078 Avg Close $30.13 Range $26.60 - $33.18

Q4 2022

Shares 112,916 Value ($000) $3,780 Avg Close $29.85 Range $26.67 - $32.30

Q3 2022

Shares 108,167 Value ($000) $3,214 Avg Close $29.44 Range $25.99 - $34.34

Q2 2022

Shares 151,622 Value ($000) $4,846 Avg Close $28.27 Range $26.23 - $31.41

Q1 2022

Shares 58,027 Value ($000) $2,055 Avg Close $32.39 Range $30.19 - $34.58

Q4 2021

Shares 64,247 Value ($000) $2,249 Avg Close $29.90 Range $27.52 - $31.97

Q3 2021

Shares 41,757 Value ($000) $1,337 Avg Close $26.36 Range $24.18 - $28.25

Q2 2021

Shares 35,871 Value ($000) $1,083 Avg Close $26.87 Range $25.15 - $28.09

Q1 2021

Shares 25,779 Value ($000) $837 Avg Close $25.18 Range $22.28 - $28.98

Q4 2020

Shares 52,775 Value ($000) $1,434 Avg Close $19.74 Range $14.70 - $23.37

Q3 2020

Shares 30,672 Value ($000) $553 Avg Close $17.10 Range $14.08 - $19.75

Q2 2020

Shares 30,078 Value ($000) $679 Avg Close $17.76 Range $14.98 - $20.99

Q1 2020

Shares 30,782 Value ($000) $651 Avg Close $24.07 Range $15.19 - $29.58

Q4 2019

Shares 47,811 Value ($000) $1,744 Avg Close $27.83 Range $24.96 - $29.70

Q3 2019

Shares 35,377 Value ($000) $1,160 Avg Close $25.24 Range $23.31 - $26.97

Q2 2019

Shares 15,900 Value ($000) $518 Avg Close $25.50 Range $23.74 - $26.93

Q1 2019

Shares 34,910 Value ($000) $1,141 Avg Close $25.60 Range $21.46 - $27.59

Q4 2018

Shares 64,325 Value ($000) $1,818 Avg Close $23.28 Range $20.34 - $26.17

Q3 2018

Shares 126,949 Value ($000) $4,236 Avg Close $26.41 Range $24.55 - $28.44

Q2 2018

Shares 88,532 Value ($000) $3,273 Avg Close $26.43 Range $24.25 - $28.08

Q1 2018

Shares 86,374 Value ($000) $2,873 Avg Close $25.60 Range $23.81 - $27.39

Q4 2017

Shares 81,611 Value ($000) $2,886 Avg Close $26.15 Range $24.52 - $27.67

Q3 2017

Shares 70,377 Value ($000) $2,456 Avg Close $22.92 Range $21.01 - $26.06

Q2 2017

Shares 79,514 Value ($000) $2,503 Avg Close $23.48 Range $21.84 - $25.88

Q1 2017

Shares 91,720 Value ($000) $3,156 Avg Close $24.07 Range $21.88 - $27.11

Q4 2016

Shares 138,331 Value ($000) $5,215 Avg Close $22.21 Range $18.55 - $27.62

Q3 2016

Shares 97,971 Value ($000) $2,630 Avg Close $18.07 Range $16.30 - $19.60

Q2 2016

Shares 77,914 Value ($000) $1,859 Avg Close $16.40 Range $14.56 - $17.56

Q1 2016

Shares 57,031 Value ($000) $1,279 Avg Close $15.54 Range $14.31 - $16.73

Q4 2015

Shares 36,312 Value ($000) $891 Avg Close $16.07 Range $13.15 - $17.93

Q3 2015

Shares 14,356 Value ($000) $298 Avg Close $13.89 Range $12.48 - $14.88

Q2 2015

Shares 29,219 Value ($000) $627 Avg Close $13.68 Range $13.02 - $14.91

Q1 2015

Shares 19,342 Value ($000) $378 Avg Close $12.97 Range $12.52 - $14.18

Q4 2014

Shares 21,522 Value ($000) $452 Avg Close $13.18 Range $12.41 - $14.87

Q3 2014

Shares 22,679 Value ($000) $433 Avg Close $13.06 Range $12.14 - $15.56

Q2 2014

Shares 23,487 Value ($000) $538 Avg Close $13.00 Range $10.96 - $15.18

Q1 2014

Shares 31,899 Value ($000) $657 Avg Close $12.36 Range $11.23 - $13.27

Q4 2013

Shares 34,820 Value ($000) $752 Avg Close $12.77 Range $11.84 - $13.37

Q3 2013

Shares 20,195 Value ($000) $440 Avg Close $11.85 Range $10.54 - $13.30

Q2 2013

Shares 21,722 Value ($000) $390 Avg Close $9.96 Range $9.67 - $10.62

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	159,614	$7,678	$45.87	$42.41 - $50.41
Q3 2025	168,041	$7,562	$46.86	$43.03 - $49.73
Q2 2025	113,777	$5,280	$42.36	$36.85 - $47.07
Q1 2025	104,380	$4,534	$45.00	$39.27 - $50.23
Q4 2024	126,754	$5,639	$44.75	$39.26 - $50.92
Q3 2024	105,808	$4,626	$42.22	$36.25 - $48.82
Q2 2024	88,398	$3,586	$35.44	$31.60 - $39.19
Q1 2024	89,749	$3,455	$35.78	$32.03 - $40.05
Q4 2023	109,476	$4,421	$32.54	$27.90 - $39.22
Q3 2023	97,386	$3,010	$30.06	$24.71 - $33.68
Q2 2023	89,199	$2,464	$25.19	$21.63 - $28.94
Q1 2023	100,663	$3,078	$30.13	$26.60 - $33.18
Q4 2022	112,916	$3,780	$29.85	$26.67 - $32.30
Q3 2022	108,167	$3,214	$29.44	$25.99 - $34.34
Q2 2022	151,622	$4,846	$28.27	$26.23 - $31.41
Q1 2022	58,027	$2,055	$32.39	$30.19 - $34.58
Q4 2021	64,247	$2,249	$29.90	$27.52 - $31.97
Q3 2021	41,757	$1,337	$26.36	$24.18 - $28.25
Q2 2021	35,871	$1,083	$26.87	$25.15 - $28.09
Q1 2021	25,779	$837	$25.18	$22.28 - $28.98
Q4 2020	52,775	$1,434	$19.74	$14.70 - $23.37
Q3 2020	30,672	$553	$17.10	$14.08 - $19.75
Q2 2020	30,078	$679	$17.76	$14.98 - $20.99
Q1 2020	30,782	$651	$24.07	$15.19 - $29.58
Q4 2019	47,811	$1,744	$27.83	$24.96 - $29.70
Q3 2019	35,377	$1,160	$25.24	$23.31 - $26.97
Q2 2019	15,900	$518	$25.50	$23.74 - $26.93
Q1 2019	34,910	$1,141	$25.60	$21.46 - $27.59
Q4 2018	64,325	$1,818	$23.28	$20.34 - $26.17
Q3 2018	126,949	$4,236	$26.41	$24.55 - $28.44
Q2 2018	88,532	$3,273	$26.43	$24.25 - $28.08
Q1 2018	86,374	$2,873	$25.60	$23.81 - $27.39
Q4 2017	81,611	$2,886	$26.15	$24.52 - $27.67
Q3 2017	70,377	$2,456	$22.92	$21.01 - $26.06
Q2 2017	79,514	$2,503	$23.48	$21.84 - $25.88
Q1 2017	91,720	$3,156	$24.07	$21.88 - $27.11
Q4 2016	138,331	$5,215	$22.21	$18.55 - $27.62
Q3 2016	97,971	$2,630	$18.07	$16.30 - $19.60
Q2 2016	77,914	$1,859	$16.40	$14.56 - $17.56
Q1 2016	57,031	$1,279	$15.54	$14.31 - $16.73
Q4 2015	36,312	$891	$16.07	$13.15 - $17.93
Q3 2015	14,356	$298	$13.89	$12.48 - $14.88
Q2 2015	29,219	$627	$13.68	$13.02 - $14.91
Q1 2015	19,342	$378	$12.97	$12.52 - $14.18
Q4 2014	21,522	$452	$13.18	$12.41 - $14.87
Q3 2014	22,679	$433	$13.06	$12.14 - $15.56
Q2 2014	23,487	$538	$13.00	$10.96 - $15.18
Q1 2014	31,899	$657	$12.36	$11.23 - $13.27
Q4 2013	34,820	$752	$12.77	$11.84 - $13.37
Q3 2013	20,195	$440	$11.85	$10.54 - $13.30
Q2 2013	21,722	$390	$9.96	$9.67 - $10.62