MERCANTILE BANK CORP

Ticker: MBWM CUSIP: 587376104 Class: Common Stock

Dorsey Wright & Associates's Holding History (CIK: 0001376772)

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

Q3 2023

Shares 684 Value ($000) $21 Avg Close $30.06 Range $24.71 - $33.68

Q2 2023

Shares 708 Value ($000) $20 Avg Close $25.19 Range $21.63 - $28.94

Q1 2023

Shares 636 Value ($000) $19 Avg Close $30.13 Range $26.60 - $33.18

Q4 2022

Shares 708 Value ($000) $24 Avg Close $29.85 Range $26.67 - $32.30

Q2 2022

Shares 1,164 Value ($000) $37 Avg Close $28.27 Range $26.23 - $31.41

Q1 2022

Shares 1,236 Value ($000) $44 Avg Close $32.39 Range $30.19 - $34.58

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2023	684	$21	$30.06	$24.71 - $33.68
Q2 2023	708	$20	$25.19	$21.63 - $28.94
Q1 2023	636	$19	$30.13	$26.60 - $33.18
Q4 2022	708	$24	$29.85	$26.67 - $32.30
Q2 2022	1,164	$37	$28.27	$26.23 - $31.41
Q1 2022	1,236	$44	$32.39	$30.19 - $34.58