Director Nelson F. Sanchez filed a Form 4 with the SEC on October 26, 2026, reporting the acquisition of 36 shares of Mercantile Bank Corp common stock on October 22, 2026, at a price of $0 through the company's dividend reinvestment plan.

Key Highlights

  • Transaction date: October 22, 2026, with 36 shares of common stock acquired at $0 per share.
  • Transaction code: "A" (acquisition), reported under Table I - Non-Derivative Securities.
  • Direct holdings following transaction: 3,953 shares of common stock held directly.
  • Indirect holdings: 3,502 shares of common stock held indirectly through an IRA.
  • Source of shares: The filing states shares were acquired "by reinvesting cash dividends under the Issuer's dividend reinvestment plan."
  • Reporting person role: Nelson F. Sanchez is identified as a Director of Mercantile Bank Corp.

Director Sanchez Reports Dividend Reinvestment Plan Acquisition at Mercantile Bank Corp

Nelson F. Sanchez, a director of Mercantile Bank Corp (NASDAQ:MBWM), reported a change in his beneficial ownership of the company's common stock through a Form 4 filed on October 26, 2026. According to the filing, the transaction occurred on October 22, 2026, and involved the acquisition of 36 shares at a price of $0, reflecting shares received through reinvestment of cash dividends under the issuer's dividend reinvestment plan (DRIP).

Following the reported transaction, the filing discloses that Sanchez directly owns 3,953 shares of Mercantile Bank Corp common stock. A footnote in the filing states that this total "includes shares acquired since last report of common stock ownership by reinvesting cash dividends under the Issuer's dividend reinvestment plan." Additionally, Sanchez holds 3,502 shares indirectly through an IRA, as reported in Table I of the filing.

No derivative securities were reported in Table II of the filing. The Form 4 was signed by Adin J. Tarr as Attorney-in-Fact on October 26, 2026. No checkbox was marked to indicate a Rule 10b5-1(c) trading plan in connection with this transaction.

What Was Disclosed

Director Nelson F. Sanchez acquired 36 shares of Mercantile Bank Corp common stock on October 22, 2026, at $0 per share via the company's dividend reinvestment plan, bringing his direct holdings to 3,953 shares and indirect IRA holdings to 3,502 shares.