MERCANTILE BANK CORP

Ticker: MBWM CUSIP: 587376104 Class: Common Stock

TWO SIGMA INVESTMENTS, LP's Holding History (CIK: 0001179392)

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

Q4 2025

Shares 120,177 Value ($000) $5,781 Avg Close $45.87 Range $42.41 - $50.41

Q3 2025

Shares 77,989 Value ($000) $3,510 Avg Close $46.86 Range $43.03 - $49.73

Q2 2025

Shares 37,165 Value ($000) $1,725 Avg Close $42.36 Range $36.85 - $47.07

Q1 2025

Shares 38,676 Value ($000) $1,680 Avg Close $45.00 Range $39.27 - $50.23

Q4 2024

Shares 30,845 Value ($000) $1,372 Avg Close $44.75 Range $39.26 - $50.92

Q3 2024

Shares 27,036 Value ($000) $1,182 Avg Close $42.22 Range $36.25 - $48.82

Q2 2024

Shares 23,167 Value ($000) $940 Avg Close $35.44 Range $31.60 - $39.19

Q1 2024

Shares 11,840 Value ($000) $456 Avg Close $35.78 Range $32.03 - $40.05

Q4 2023

Shares 14,732 Value ($000) $595 Avg Close $32.54 Range $27.90 - $39.22

Q3 2023

Shares 23,806 Value ($000) $736 Avg Close $30.06 Range $24.71 - $33.68

Q2 2023

Shares 25,557 Value ($000) $706 Avg Close $25.19 Range $21.63 - $28.94

Q1 2023

Shares 34,929 Value ($000) $1,068 Avg Close $30.13 Range $26.60 - $33.18

Q4 2022

Shares 25,250 Value ($000) $845 Avg Close $29.85 Range $26.67 - $32.30

Q3 2022

Shares 26,075 Value ($000) $775 Avg Close $29.44 Range $25.99 - $34.34

Q2 2022

Shares 28,212 Value ($000) $901 Avg Close $28.27 Range $26.23 - $31.41

Q1 2022

Shares 31,982 Value ($000) $1,133 Avg Close $32.39 Range $30.19 - $34.58

Q4 2021

Shares 21,229 Value ($000) $744 Avg Close $29.90 Range $27.52 - $31.97

Q3 2021

Shares 38,983 Value ($000) $1,249 Avg Close $26.36 Range $24.18 - $28.25

Q2 2021

Shares 35,566 Value ($000) $1,074 Avg Close $26.87 Range $25.15 - $28.09

Q3 2018

Shares 14,502 Value ($000) $484 Avg Close $26.41 Range $24.55 - $28.44

Q2 2018

Shares 23,708 Value ($000) $876 Avg Close $26.43 Range $24.25 - $28.08

Q1 2018

Shares 12,236 Value ($000) $407 Avg Close $25.60 Range $23.81 - $27.39

Q1 2017

Shares 14,183 Value ($000) $488 Avg Close $24.07 Range $21.88 - $27.11

Q2 2015

Shares 48,282 Value ($000) $1,034 Avg Close $13.68 Range $13.02 - $14.91

Q2 2014

Shares 22,129 Value ($000) $506 Avg Close $13.00 Range $10.96 - $15.18

Q1 2014

Shares 10,674 Value ($000) $220 Avg Close $12.36 Range $11.23 - $13.27

Q4 2013

Shares 13,874 Value ($000) $299 Avg Close $12.77 Range $11.84 - $13.37

Q3 2013

Shares 15,774 Value ($000) $344 Avg Close $11.85 Range $10.54 - $13.30

Q2 2013

Shares 11,022 Value ($000) $198 Avg Close $9.96 Range $9.67 - $10.62

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	120,177	$5,781	$45.87	$42.41 - $50.41
Q3 2025	77,989	$3,510	$46.86	$43.03 - $49.73
Q2 2025	37,165	$1,725	$42.36	$36.85 - $47.07
Q1 2025	38,676	$1,680	$45.00	$39.27 - $50.23
Q4 2024	30,845	$1,372	$44.75	$39.26 - $50.92
Q3 2024	27,036	$1,182	$42.22	$36.25 - $48.82
Q2 2024	23,167	$940	$35.44	$31.60 - $39.19
Q1 2024	11,840	$456	$35.78	$32.03 - $40.05
Q4 2023	14,732	$595	$32.54	$27.90 - $39.22
Q3 2023	23,806	$736	$30.06	$24.71 - $33.68
Q2 2023	25,557	$706	$25.19	$21.63 - $28.94
Q1 2023	34,929	$1,068	$30.13	$26.60 - $33.18
Q4 2022	25,250	$845	$29.85	$26.67 - $32.30
Q3 2022	26,075	$775	$29.44	$25.99 - $34.34
Q2 2022	28,212	$901	$28.27	$26.23 - $31.41
Q1 2022	31,982	$1,133	$32.39	$30.19 - $34.58
Q4 2021	21,229	$744	$29.90	$27.52 - $31.97
Q3 2021	38,983	$1,249	$26.36	$24.18 - $28.25
Q2 2021	35,566	$1,074	$26.87	$25.15 - $28.09
Q3 2018	14,502	$484	$26.41	$24.55 - $28.44
Q2 2018	23,708	$876	$26.43	$24.25 - $28.08
Q1 2018	12,236	$407	$25.60	$23.81 - $27.39
Q1 2017	14,183	$488	$24.07	$21.88 - $27.11
Q2 2015	48,282	$1,034	$13.68	$13.02 - $14.91
Q2 2014	22,129	$506	$13.00	$10.96 - $15.18
Q1 2014	10,674	$220	$12.36	$11.23 - $13.27
Q4 2013	13,874	$299	$12.77	$11.84 - $13.37
Q3 2013	15,774	$344	$11.85	$10.54 - $13.30
Q2 2013	11,022	$198	$9.96	$9.67 - $10.62