MINNICH MICHAEL W. (Co-Chief Executive Officer) purchased 444.2% of their position (8.88K shares) of MIDWEST HOLDING INC. on the open market

Open‑market purchase worth $123.1K — a major conviction buy. The strongest form of insider conviction signal.

P · 13 purchases

MINNICH MICHAEL W.

Filed: 11/29/2021ACC: 0000355379-21-000007

InsiderMINNICH MICHAEL W.CIK 1772797

→

IssuerMIDWEST HOLDING INC.CIK 355379

DirectorOfficer10% Owner· Co-Chief Executive Officer

Since Dec 2020

+8.88K

Net shares

Net buyer

$123.1K

Total acquired

Open market trades

13B · 0S

Total transactions

8.88K acquired

Non-Derivative Transactions13

Voting Common Stock

Direct

P · Purchase

+1.46K

Price / share

$13.50

Trade value

$19.67K

% of position

72.9%

11/24/2021

2K→3.46K

Voting Common Stock

Direct

P · Purchase

+43.00

Price / share

$13.36

Trade value

$574.48

% of position

1.2%

11/24/2021

3.46K→3.50K

Voting Common Stock

Direct

P · Purchase

+30.00

Price / share

$13.46

Trade value

$403.80

% of position

0.9%

11/24/2021

3.50K→3.53K

Voting Common Stock

Direct

P · Purchase

+1.20K

Price / share

$13.59

Trade value

$16.31K

% of position

34.0%

11/24/2021

3.53K→4.73K

Voting Common Stock

Direct

P · Purchase

+4.00

Price / share

$13.56

Trade value

$54.24

% of position

0.1%

11/24/2021

4.73K→4.73K

Voting Common Stock

Direct

P · Purchase

+2K

Price / share

$13.65

Trade value

$27.23K

% of position

42.1%

11/24/2021

4.73K→6.73K

Voting Common Stock

Direct

P · Purchase

+1.00

Price / share

$13.63

Trade value

$13.63

% of position

0.0%

11/24/2021

6.73K→6.73K

Voting Common Stock

Direct

P · Purchase

+1.12K

Price / share

$13.48

Trade value

$15.15K

% of position

16.7%

11/26/2021

6.73K→7.85K

Voting Common Stock

Direct

P · Purchase

+30.00

Price / share

$13.38

Trade value

$401.40

% of position

0.4%

11/26/2021

7.85K→7.88K

Voting Common Stock

Direct

P · Purchase

+1K

Price / share

$13.60

Trade value

$13.60K

% of position

12.7%

11/26/2021

7.88K→8.88K

Voting Common Stock

Direct

P · Purchase

+970.00

Price / share

$13.68

Trade value

$13.27K

% of position

10.9%

11/26/2021

8.88K→9.85K

Voting Common Stock

Direct

P · Purchase

+30.00

Price / share

$13.66

Trade value

$409.80

% of position

0.3%

11/26/2021

9.85K→9.88K

Voting Common Stock

Direct

P · Purchase

+1K

Price / share

$15.98

Trade value

$15.98K

% of position

10.1%

11/26/2021

9.88K→10.88K

Total

Net shares

+8.88K

Net value

$123.07K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Voting Common Stock Direct	11/24/2021	P · Purchase	+1.46K	$13.50	$19.67K	72.9%	2K	3.46K
Voting Common Stock Direct	11/24/2021	P · Purchase	+43.00	$13.36	$574.48	1.2%	3.46K	3.50K
Voting Common Stock Direct	11/24/2021	P · Purchase	+30.00	$13.46	$403.80	0.9%	3.50K	3.53K
Voting Common Stock Direct	11/24/2021	P · Purchase	+1.20K	$13.59	$16.31K	34.0%	3.53K	4.73K
Voting Common Stock Direct	11/24/2021	P · Purchase	+4.00	$13.56	$54.24	0.1%	4.73K	4.73K
Voting Common Stock Direct	11/24/2021	P · Purchase	+2K	$13.65	$27.23K	42.1%	4.73K	6.73K
Voting Common Stock Direct	11/24/2021	P · Purchase	+1.00	$13.63	$13.63	0.0%	6.73K	6.73K
Voting Common Stock Direct	11/26/2021	P · Purchase	+1.12K	$13.48	$15.15K	16.7%	6.73K	7.85K
Voting Common Stock Direct	11/26/2021	P · Purchase	+30.00	$13.38	$401.40	0.4%	7.85K	7.88K
Voting Common Stock Direct	11/26/2021	P · Purchase	+1K	$13.60	$13.60K	12.7%	7.88K	8.88K
Voting Common Stock Direct	11/26/2021	P · Purchase	+970.00	$13.68	$13.27K	10.9%	8.88K	9.85K
Voting Common Stock Direct	11/26/2021	P · Purchase	+30.00	$13.66	$409.80	0.3%	9.85K	9.88K
Voting Common Stock Direct	11/26/2021	P · Purchase	+1K	$15.98	$15.98K	10.1%	9.88K	10.88K
Total			+8.88K		$123.07K

Derivative Transactions0

No derivative transactions reported

Non-Derivative Holdings (Post-Transaction)1

Voting Common Stock

Indirect

Shares owned413.18K

Total

413.18K indirect413.18K

Security Title	Shares Owned	Ownership Type
Voting Common Stock	413.18K	Indirect
Total	413.18K	413.18K indirect

Derivative Holdings (Post-Transaction)1

Stock Option (right to buy)

Direct

Underlying security

Voting Common Stock

Underlying shares

74.75K

Shares owned

74.75K

Exercise price

41.25

Expiration

—

Exercise window

—

Total

Underlying

74.75K

Owned

74.75K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option (right to buy) Direct	Voting Common Stock	41.25	—	—	74.75K	74.75K
Total					74.75K	74.75K