MERCHANTS BANCORP IND

Ticker: MBIN CUSIP: 58844R108 Class: Common Stock

MAI Capital Management's Holding History (CIK: 0001040197)

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

Q4 2025

Shares 15 Value ($000) $1 Avg Close $32.77 Range $30.29 - $37.36

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	15	$1	$32.77	$30.29 - $37.36