Lynn Market President Evans Scott A. sells 25,000 shares of MBIN at $43.10; reduces holdings 47.5% to 27,606 shares.
Evans Scott A., a senior Lynn Market President at Merchants Bancorp, executed a substantial sale of 25,000 shares (47.5% of his pre-transaction holdings) for $1,077,500.00 on 2025-01-29 at $43.10 per share. The sale is notable for its size relative to his retained stake—he now holds 27,606 shares compared to his previous 52,606 shares—suggesting a material reduction in his personal exposure to the company. Against the current backdrop of a 6.42 P/E valuation and strong recent price momentum (+16.3% in 30 days, +14.6% in 90 days), the timing of this reduction in executive holdings merits investor attention. The absence of scheduled trading plan context means this sale represents a discretionary decision by an executive with direct operational responsibility at a key geographic market.