SCURLOCK EVA D. (Chief Risk Officer) exercised options at FIRST MERCHANTS CORP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

SCURLOCK EVA D.

Filed: 2/13/2026ACC: 0001736594-26-000014

InsiderSCURLOCK EVA D.CIK 1736594

→

IssuerFIRST MERCHANTS CORPCIK 712534

Officer· Chief Risk Officer

Since Feb 2026

-3.81K

Net shares

Net seller

$158.6K

Total sold

Open market trades

0B · 0S

Total transactions

11.43K acquired · 15.24K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+4.76K

Price / share

$26.04

Trade value

$124K

% of position

23.7%

2/12/2026

20.06K→24.83K

Common Stock

Direct

M · Option Exercise

+681.00

Price / share

$21.79

Trade value

$14.84K

% of position

2.7%

2/12/2026

24.83K→25.51K

Common Stock

Direct

M · Option Exercise

+5.99K

Price / share

$21.79

Trade value

$130.43K

% of position

23.5%

2/12/2026

25.51K→31.49K

Common Stock

Direct

F · Tax Withholding

−3.81K

Price / share

$41.64

Trade value

$158.65K

% of position

12.1%

2/12/2026

31.49K→27.68K

Total

Net shares

+7.62K

Net value

$110.63K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/12/2026	M · Option Exercise	+4.76K	$26.04	$124K	23.7%	20.06K	24.83K
Common Stock Direct	2/12/2026	M · Option Exercise	+681.00	$21.79	$14.84K	2.7%	24.83K	25.51K
Common Stock Direct	2/12/2026	M · Option Exercise	+5.99K	$21.79	$130.43K	23.5%	25.51K	31.49K
Common Stock Direct	2/12/2026	F · Tax Withholding	−3.81K	$41.64	$158.65K	12.1%	31.49K	27.68K
Total			+7.62K		$110.63K

Derivative Transactions3

Employee Stock Option - Right to Buy

Direct

M · Option Exercise

Converts to

Common Stock

4.76K shares

−4.76K

Strike price

26.04

Held after

0.00

Exercisable

—

2/12/2026

Employee Stock Option - Right to Buy

Direct

M · Option Exercise

Converts to

Common Stock

681.00 shares

−681.00

Strike price

21.79

Held after

0.00

Exercisable

—

2/12/2026

Employee Stock Option - Right to Buy

Direct

M · Option Exercise

Converts to

Common Stock

5.99K shares

−5.99K

Strike price

21.79

Held after

0.00

Exercisable

—

2/12/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Employee Stock Option - Right to Buy Direct	Common Stock4.76K shares	2/12/2026	M · Option Exercise	−4.76K	26.04	—
Employee Stock Option - Right to Buy Direct	Common Stock681.00 shares	2/12/2026	M · Option Exercise	−681.00	21.79	—
Employee Stock Option - Right to Buy Direct	Common Stock5.99K shares	2/12/2026	M · Option Exercise	−5.99K	21.79	—