MERCHANTS BANCORP IND

Ticker: MBIN CUSIP: 58844R108 Class: Common Stock

TWO SIGMA ADVISERS, LP's Holding History (CIK: 0001478735)

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

Q3 2025

Shares 37,200 Value ($000) $1,183 Avg Close $32.65 Range $28.58 - $35.81

Q4 2024

Shares 10,400 Value ($000) $379 Avg Close $39.88 Range $35.07 - $46.13

Q2 2024

Shares 18,100 Value ($000) $734 Avg Close $40.30 Range $36.36 - $47.74

Q1 2024

Shares 29,200 Value ($000) $1,261 Avg Close $41.00 Range $37.37 - $47.69

Q4 2023

Shares 39,100 Value ($000) $1,665 Avg Close $32.15 Range $25.21 - $43.00

Q3 2023

Shares 42,600 Value ($000) $1,181 Avg Close $28.16 Range $23.85 - $32.74

Q2 2023

Shares 43,500 Value ($000) $1,113 Avg Close $24.07 Range $20.90 - $27.23

Q1 2023

Shares 54,600 Value ($000) $1,422 Avg Close $26.87 Range $23.01 - $30.39

Q4 2022

Shares 52,400 Value ($000) $1,274 Avg Close $23.54 Range $21.80 - $24.92

Q3 2022

Shares 56,500 Value ($000) $1,303 Avg Close $24.69 Range $20.74 - $27.66

Q2 2022

Shares 52,500 Value ($000) $1,190 Avg Close $23.44 Range $21.24 - $26.52

Q1 2022

Shares 38,400 Value ($000) $1,051 Avg Close $28.53 Range $25.90 - $32.17

Q4 2021

Shares 27,000 Value ($000) $1,278 Avg Close $28.72 Range $25.33 - $31.56

Q3 2021

Shares 37,700 Value ($000) $1,488 Avg Close $23.73 Range $21.48 - $26.14

Q2 2021

Shares 18,700 Value ($000) $734 Avg Close $26.40 Range $23.67 - $28.98

Q1 2021

Shares 14,200 Value ($000) $596 Avg Close $22.04 Range $17.07 - $28.38

Q4 2020

Shares 18,100 Value ($000) $500 Avg Close $15.68 Range $12.33 - $19.53

Q3 2020

Shares 10,600 Value ($000) $209 Avg Close $11.95 Range $9.82 - $13.57

Q2 2020

Shares 13,400 Value ($000) $248 Avg Close $9.93 Range $7.92 - $12.68

Q1 2020

Shares 13,700 Value ($000) $208 Avg Close $11.47 Range $7.74 - $13.64

Q4 2019

Shares 22,900 Value ($000) $451 Avg Close $10.87 Range $9.47 - $12.39

Q3 2019

Shares 19,200 Value ($000) $318 Avg Close $10.29 Range $9.05 - $11.68

Q1 2019

Shares 12,900 Value ($000) $277 Avg Close $12.71 Range $11.65 - $13.61

Q4 2018

Shares 14,800 Value ($000) $295 Avg Close $13.78 Range $11.56 - $15.84

Q3 2018

Shares 20,300 Value ($000) $516 Avg Close $16.40 Range $13.60 - $17.65

Q2 2018

Shares 23,600 Value ($000) $673 Avg Close $14.85 Range $12.16 - $17.75

Q1 2018

Shares 24,000 Value ($000) $516 Avg Close $12.86 Range $11.87 - $14.47

Q4 2017

Shares 32,000 Value ($000) $630 Avg Close $11.33 Range $9.85 - $13.31

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	37,200	$1,183	$32.65	$28.58 - $35.81
Q4 2024	10,400	$379	$39.88	$35.07 - $46.13
Q2 2024	18,100	$734	$40.30	$36.36 - $47.74
Q1 2024	29,200	$1,261	$41.00	$37.37 - $47.69
Q4 2023	39,100	$1,665	$32.15	$25.21 - $43.00
Q3 2023	42,600	$1,181	$28.16	$23.85 - $32.74
Q2 2023	43,500	$1,113	$24.07	$20.90 - $27.23
Q1 2023	54,600	$1,422	$26.87	$23.01 - $30.39
Q4 2022	52,400	$1,274	$23.54	$21.80 - $24.92
Q3 2022	56,500	$1,303	$24.69	$20.74 - $27.66
Q2 2022	52,500	$1,190	$23.44	$21.24 - $26.52
Q1 2022	38,400	$1,051	$28.53	$25.90 - $32.17
Q4 2021	27,000	$1,278	$28.72	$25.33 - $31.56
Q3 2021	37,700	$1,488	$23.73	$21.48 - $26.14
Q2 2021	18,700	$734	$26.40	$23.67 - $28.98
Q1 2021	14,200	$596	$22.04	$17.07 - $28.38
Q4 2020	18,100	$500	$15.68	$12.33 - $19.53
Q3 2020	10,600	$209	$11.95	$9.82 - $13.57
Q2 2020	13,400	$248	$9.93	$7.92 - $12.68
Q1 2020	13,700	$208	$11.47	$7.74 - $13.64
Q4 2019	22,900	$451	$10.87	$9.47 - $12.39
Q3 2019	19,200	$318	$10.29	$9.05 - $11.68
Q1 2019	12,900	$277	$12.71	$11.65 - $13.61
Q4 2018	14,800	$295	$13.78	$11.56 - $15.84
Q3 2018	20,300	$516	$16.40	$13.60 - $17.65
Q2 2018	23,600	$673	$14.85	$12.16 - $17.75
Q1 2018	24,000	$516	$12.86	$11.87 - $14.47
Q4 2017	32,000	$630	$11.33	$9.85 - $13.31