Form 4: Mercantile Bank Corp Director Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Robert B. Kaminski, a director of Mercantile Bank Corp, sold 250 shares of common stock at an average price of $44.61 on January 2, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On January 2, 2025, Robert B. Kaminski, a director of Mercantile Bank Corp, sold 250 shares of common stock.
- The sale was executed at a weighted average price of $44.61 per share, with individual transactions ranging from $44.45 to $44.97.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on April 2, 2024.
- Following the transaction, Kaminski directly owns 86,980 shares and indirectly owns 19,810 shares through an IRA.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. Sales under 10b5-1 plans are common and allow insiders to sell shares over a predetermined period, avoiding accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| 2024-04-02 | Date the Rule 10b5-1 trading plan was adopted by the Reporting Person |
| 2024-12-22 | Date of Power of Attorney execution |
| 2025-01-02 | Date of the transaction (stock sale) |
| 2025-01-03 | Date of signature on the Form 4 filing |
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