Company: FRME
Filing Date: 2025-10-10
Form Type: S-4
Source: 0001193125-25-237211
Chunk: 53

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-10
Form: S-4
Chunk 53
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 250 shares held through unvested stock awards and 5,700 shares subject 
 to exercisable stock options.                                                                                 |

| (9) | Includes 250 shares held through unvested stock awards and 1,500 shares subject to exercisable stock options. |

| (10) | Includes 84,687 shares held in Mr. Myers’ spouse’s IRA, 212,360 shares held in the 401(k)                                                              
 Plan, 30,710 shares allocated under the ESOP, 15,175 shares held through unvested stock awards and 57,868 shares subject to exercisable stock options. |

| (11) | Includes 250 shares held through unvested stock awards and 3,000 shares subject to exercisable stock options. |

| (12) | Includes 250 shares held through unvested stock awards. |

| (13) | Includes 60,000 shares with respect to which Mr. York disclaims beneficial ownership which are held by a                                                          
 limited liability company with which Mr. York is affiliated, 250 shares held through unvested stock awards and 7,200 shares subject to exercisable stock options. |

| (14) | Includes 49,630 shares held in the 401(k) Plan, 17,344 shares allocated under the ESOP, 10,080 shares held                                
 through unvested stock awards and 28,152 shares subject to exercisable stock options. 45,363 shares are pledged as collateral for a loan. |

| (15) | Includes 9,173 shares allocated under the ESOP, 5,115 shares held through unvested stock awards and 17,340 
 shares subject to exercisable stock options.                                                               |

| (16) | Includes 32,620 shares held through unvested stock awards and 151,210 shares subject to exercisable stock 
 options.                                                                                                  |

34

MERGER PROPOSAL

First Savings is asking its shareholders to approve the Merger Proposal. Holders of First Savings common stock should read this proxy
statement and prospectus carefully and in its entirety, including the annexes, for more detailed information concerning the Merger Agreement and the Merger. A copy of the Merger Agreement is attached to this proxy statement and prospectus as
.

After careful consideration, the Board of Directors of First Savings approved and adopted the Merger Agreement and
determined it to be advisable and in the best interest of First Savings and its shareholders.