MERCANTILE BANK CORP

Ticker: MBWM CUSIP: 587376104 Class: Common Stock

Arizona State Retirement System's Holding History (CIK: 0001558481)

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

Q4 2025

Shares 4,289 Value ($000) $206 Avg Close $45.87 Range $42.41 - $50.41

Q3 2025

Shares 4,549 Value ($000) $205 Avg Close $46.86 Range $43.03 - $49.73

Q2 2025

Shares 4,429 Value ($000) $206 Avg Close $42.36 Range $36.85 - $47.07

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,289	$206	$45.87	$42.41 - $50.41
Q3 2025	4,549	$205	$46.86	$43.03 - $49.73
Q2 2025	4,429	$206	$42.36	$36.85 - $47.07