Company: FRME
Filing Date: 2025-10-10
Form Type: S-4
Source: 0001193125-25-237211
Chunk: 27

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-10
Form: S-4
Chunk 27
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 the symbol “FSFG.” The following table presents quotation information for First Merchants common stock and for First Savings common stock on September 24, 2025, the business day before the Merger was publicly announced, and [●], the last practicable trading day for which information was available prior to the date on which this proxy statement and prospectus was finalized.

|                    |     | First Merchants Common Stock First Savings Common Stock 
 (Dollars Per Share)                                     
 High                                                    |       |     | Low |       |     | Close |       |     | High |       |     | Low |       |     | Close |       |
|:-------------------|:----|:--------------------------------------------------------|------:|:----|:----|------:|:----|:------|------:|:----|:-----|------:|:----|:----|------:|:----|:------|------:|
| September 24, 2025 |     | $                                                       | 40.47 |     | $   | 39.19 |     | $     | 39.53 |     | $    | 27.68 |     | $   | 27.24 |     | $     | 27.68 |
| [●]                |     | $                                                       |   [●] |     | $   |   [●] |     | $     |   [●] |     | $    |   [●] |     | $   |   [●] |     | $     |   [●] |

13

The market value of the aggregate consideration that holders of First Savings common stock will receive in the Merger is approximately $235.2 million (or $33.60 per share of First Savings common stock) based on an assumption of 7,000,558 shares of First Savings common stock outstanding at the time of closing (which was the number of shares of First Savings common stock outstanding on September 24, 2025, plus 24,000 shares of restricted stock that First Savings intends to issue in November 2025),, and First Merchants’ closing stock price of $39.53 on September 24, 2025 (the business day before the Merger was publicly announced). The market value of the aggregate consideration that First Savings shareholders will receive in the Merger is approximately $[●] million (or $[●] per share of First Savings common stock) based on [