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 Corporation, sold 250 shares of common stock at an average price of $42.8483 on May 2, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On May 2, 2025, Robert B. Kaminski, a director of Mercantile Bank Corporation, sold 250 shares of common stock.
- The sale was executed at an average price of $42.8483 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on April 2, 2024.
- Following the transaction, Kaminski directly owns 77,986 shares and indirectly owns 11,810 shares through an IRA.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (sale of shares under a pre-arranged plan) by a company director, which is neither particularly positive nor negative.
Industry Context
Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any immediate inside information.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| April 2, 2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| May 2, 2025 | Date of the transaction (sale of shares) |
| May 6, 2025 | Date of signature for the Form 4 filing |
Keywords
Form 4, Beneficial Ownership, MBWM, Mercantile Bank Corporation, Robert B. Kaminski, Director, Share Sale, Rule 10b5-1
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