MERCANTILE BANK CORP

Ticker: MBWM CUSIP: 587376104 Class: Common Stock

IEQ CAPITAL, LLC's Holding History (CIK: 0001779789)

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

Q4 2025

Shares 19,136 Value ($000) $920 Avg Close $45.87 Range $42.41 - $50.41

Q3 2025

Shares 25,793 Value ($000) $1,161 Avg Close $46.86 Range $43.03 - $49.73

Q2 2025

Shares 13,162 Value ($000) $611 Avg Close $42.36 Range $36.85 - $47.07

Q1 2025

Shares 5,223 Value ($000) $227 Avg Close $45.00 Range $39.27 - $50.23

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	19,136	$920	$45.87	$42.41 - $50.41
Q3 2025	25,793	$1,161	$46.86	$43.03 - $49.73
Q2 2025	13,162	$611	$42.36	$36.85 - $47.07
Q1 2025	5,223	$227	$45.00	$39.27 - $50.23