Company: FRME
Filing Date: 2025-10-10
Form Type: S-4
Source: 0001193125-25-237211
Chunk: 59

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-10
Form: S-4
Chunk 59
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 will be less applicable tax withholdings. First Savings will be responsible for any applicable withholding and tax reporting with respect to the Cancellation Payments. All out-of-the-money First Savings Options, if any, will be cancelled as of the day immediately preceding the Effective Time without any payment.

Exchange of Shares

On or prior to the effective date of the Merger, First Merchants will deposit with Broadridge Corporate Issuer Solutions, Inc., as exchange
agent, or with such other exchange agent selected by First Merchants, certificates or book entry for shares (as requested by registered shareholders of First Savings) of First Merchants common stock, to be given to the registered holders of First
Savings common stock in exchange for their certificates (or shares in book entry form) representing shares of First Savings common stock. Within five business days following the Effective Date, the exchange agent will mail a letter of transmittal to
each person who was, immediately prior to the Effective Time, a holder of record of First Savings common stock. The letter of transmittal will contain instructions for use in effecting the surrender of First Savings stock certificates (or shares in
book entry form) in exchange for the consideration to which such person may be entitled pursuant to the Merger Agreement. Distribution of shares of First Merchants common stock (in certificated form or book entry) and cash payments required under
the Merger Agreement, including in lieu of fractional shares, will be made by the exchange agent to each former holder of First Savings common stock within five business days following the date of such shareholder’s delivery to the exchange
agent of a properly completed and executed letter of transmittal and, for shareholders whose shares of First Savings common stock are held in certificated form, such shareholder’s certificates representing First Savings common stock. Interest
will not accrue or be payable with respect to any cash payments.

Until you surrender your First Savings stock certificates (or shares in
book entry form) for exchange, you will accrue, but will not be paid, any dividends or other distributions declared after the Effective Time with respect to First Merchants common stock into which any of your shares may have been converted. When you
surrender your First Savings stock certificates (or shares in book entry form), First Merchants will pay any unpaid dividends or other distributions, without interest. After the completion of the Merger, there will be no transfers on the stock
transfer books of First Savings of any shares of First Savings common stock.

If a certificate for First Savings