MERCANTILE BANK CORP

Ticker: MBWM CUSIP: 587376104 Class: Common Stock

Physician Wealth Advisors, Inc.'s Holding History (CIK: 0001795173)

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

Q4 2025

Shares 34 Value ($000) $2 Avg Close $45.87 Range $42.41 - $50.41

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	34	$2	$45.87	$42.41 - $50.41