Company: FRME
Filing Date: 2025-10-10
Form Type: S-4
Source: 0001193125-25-237211
Chunk: 3

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-10
Form: S-4
Chunk 3
---
. First Savings common stock is traded on the Nasdaq Capital Market under the symbol “FSFG.” On September 24, 2025, and on [●], the closing price of a share of First Savings common stock was $27.68 and $[●], respectively. After all regulatory and shareholder approvals required for consummation of the transactions contemplated by the Merger Agreement have been obtained, but prior to the third trading day immediately preceding the closing of the Merger, First Savings will cause each option to acquire a share of First Savings common stock to fully vest (to the extent not vested). On the day immediately preceding the closing of the Merger, each outstanding option to acquire a share of First Savings common stock will be cancelled in exchange for a payment equal to the excess, if any, of (A) the product of the Exchange Ratio multiplied by the 10 day volume weighted average trading price of a share of First Merchants common stock preceding the fourth calendar day prior to the closing of the Merger, over (B) the exercise price per share of First Savings common stock provided for in such option. You should obtain a current market quotation for both First Merchants and First Savings before you vote. The Merger is intended to qualify as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code, each of First Savings and First Merchants will be a party to such reorganization within the meaning of Section 368(b) of the Code, and no gain or loss will be recognized by holders of First Savings common stock upon the receipt of shares of First Merchants common stock in exchange for their shares of First Savings common stock, except to the extent of any cash received in lieu of fractional shares of First Merchants common stock or cash received in cancellation of stock options. We cannot complete the Merger unless shareholders holding a majority of the issued and outstanding shares of First Savings common stock vote to approve the Merger Agreement. First Savings will hold a special meeting of its shareholders to vote on this merger proposal. Your vote is very important. Whether or not you plan to attend the shareholder meeting, please take the time to vote by completing the enclosed proxy card and mailing it in the enclosed envelope. If you sign, date and mail your proxy card without indicating how you want to vote, your proxy will be counted as a vote in favor of the Merger Agreement. Not returning your card will have the same effect as a vote against the Merger Agreement. The date, time and place of the meeting