Company: FRME
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001193125-25-268801
Chunk: 55

Company: FIRST MERCHANTS CORP
Filing Date: 2025-11-06
Form: 424B3
Chunk 55
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     | First Savings 
 Options       |        |     | Value of Restricted Stock – $ |         |     | Value of Options – $ |         |     | Total – $ |         |
| Larry W. Myers     |     |                      | 15,175 |     |               | 29,017 |     |                               | 476,192 |     |                      | 265,724 |     |           | 741,916 |
| Tony A. Schoen     |     |                      | 10,080 |     |               | 19,058 |     |                               | 316,310 |     |                      | 179,774 |     |           | 496,084 |
| Jackie R. Journell |     |                      |  5,115 |     |               |  9,780 |     |                               | 160,509 |     |                      |  93,415 |     |           | 253,924 |

The Board of Directors of First Savings unanimously recommends a vote “ FOR” the Merger-Related Compensation Proposal. 37

ADJOURNMENT PROPOSAL

The First Savings special meeting may be adjourned to another time or place, if necessary or appropriate, to solicit additional proxies if
there are insufficient votes at the time of the First Savings special meeting to approve the Merger Proposal.

If, at the First Savings
special meeting, the number of shares of First Savings common stock present or represented and voting in favor of the Merger Proposal is insufficient to approve the Merger Proposal, First Savings intends to move to adjourn the First Savings special
meeting in order to enable the Board of Directors of First Savings to solicit additional proxies for approval of the Merger Proposal. In that event, First Savings will ask its shareholders to vote upon the Adjournment Proposal, but not the Merger
Proposal.

In this Adjournment Proposal, First Savings is asking its shareholders to authorize the holder of any proxy solicited by the
Board of Directors of First Savings, on a discretionary basis, to vote in favor of adjourning the First Savings special meeting to another time and place for the purpose of soliciting additional proxies, including the solicitation of proxies from
First Savings shareholders who have previously voted.

The Board of Directors of First Savings unanimously recommends a vote “ FOR” the Adjournment Proposal.

38

THE MERGER

At the special meeting, the shareholders of First Savings will consider and vote upon approval of the Merger Agreement