Michael C. Marhenke

Michael C. Marhenke, listed as board member, appears in our data through filings on First Merchants Corp shares, published by SEC (Form 4). Over a trading history stretching from 29 November 2017 to 30 June 2021, the count stands at 25 filings.

The open-market side counts 4 purchases for €740k alongside 5 sales for €2.6M. Netting one side against the other leaves €1.8M of net selling. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Besides market trades, the filings include 13 share grants. Since January 2021: no purchases and 1 sale on the market.

The median purchase comes to €182k. Clusters matter here: 4 out of 4 purchases overlapped with buying by a colleague within 30 days. A cluster is several different insiders buying the same stock within a short window, a pattern studied more closely than a single purchase.

On 2 July 2021 came the latest disclosure, a share grant for €16k in First Merchants Corp. The most recent open-market purchase was published on 12 June 2020, 2,341 days ago. Filings reach the SEC (Form 4) feed a median of 2 days after the trade. Section 16 rules allow two business days to file each Form 4. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.