Company: FRME
Filing Date: 2025-10-10
Form Type: S-4
Source: 0001193125-25-237211
Chunk: 51

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-10
Form: S-4
Chunk 51
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 Common Stock by Certain Shareholders The following table sets forth information as of [●], regarding the beneficial ownership of First Savings common stock by:

| • |     | each shareholder known by First Savings to beneficially own more than 5% of its outstanding common stock; |

| • |     | each of First Savings’ directors; |

| • |     | each of First Savings’ named executive officers; and |

| • |     | all of First Savings’ directors and executive officers as a group. |

Beneficial ownership has been determined in accordance with the rules of the SEC. These rules generally provide that a person is the beneficial owner of securities if such person has or shares the power to vote or direct the voting of securities, or to dispose or direct the disposition of securities, or has the right to acquire such powers within 60 days. For purposes of calculating each person’s percentage ownership, common stock issuable pursuant to options exercisable within 60 days are included as outstanding and beneficially owned for that person or group, but are not deemed outstanding for the purposes of computing the percentage ownership of any other person. Except as disclosed in the footnotes to this table and subject to applicable community property laws, First Savings believes that each person identified in the table has sole voting and investment power over all of the shares shown opposite such person’s name. The percentage of beneficial ownership is based on 6,977,308 shares of First Savings common stock outstanding as of September 30, 2025, including 101,515 shares of First Savings restricted stock awarded under its stock incentive plan but not vested as of such date. 32

Except as otherwise provided, the address for each shareholder listed in the table below is: c/o First Savings Financial Group, Inc., 702 North Shore Drive, Suite 300, Jeffersonville, Indiana 47130.

| Name of Beneficial Owner                                     |     | Shares of Common 
 Stock Owned      |           |     |     | Percent of 
 Class      |        |
| 5% Shareholders                                              |     |                  |           |     |     |            |        |
| Financial Opportunity Fund LLC                               |     |                  |   498,246 |  -1 |     |            | 7.14%  |
| FJ Capital Management LLC                                    
 Martin Friedman                                              
 1313 Dolley Madison Blvd., Suite 306                         
 McLean, Virginia 22101                                       |     |                  |           |     |     |            |        |
| Larry W. Myers