Company: FRME
Filing Date: 2025-10-17
Form Type: S-4/A
Source: 0001193125-25-242318
Chunk: 19

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-17
Form: S-4/A
Chunk 19
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 First Savings will be responsible for any applicable withholding and tax reporting with respect to the Cancellation Payments. All out-of-the-money First Savings Options, if any, will be cancelled as of the day immediately preceding the Effective Time without any
payment.

The term “First Merchants Average Price” means the volume weighted average trading price of a share of First
Merchants common stock as reported by Bloomberg, L.P. for the 10 days that First Merchants common stock trades on the Nasdaq Global Select Market preceding the fourth calendar day prior to the Effective Time. The First Merchants Average Price will
be appropriately and proportionately adjusted to reflect any share adjustments resulting from any stock splits, stock dividends, recapitalization, or similar transactions.

8

What First Merchants Shareholders Will Receive (page 41)

First Merchants shareholders will not receive any consideration in the Merger. After the Merger, First Merchants shareholders will continue to
own the same number of First Merchants shares owned before the Merger.

The First Savings Special Shareholders Meeting (page 30)

The special meeting of First Savings shareholders will be held on December 19, 2025, 11:30 a.m., local time, at the
First Savings Bank Center – Community Room, located at 702 North Shore Drive, Jeffersonville, Indiana 47130.

At the special
meeting, First Savings common shareholders will be asked to vote on the Merger Proposal, the Merger-Related Compensation Proposal, and the Adjournment Proposal.

First Savings Recommendation to Shareholders (page 31)

First Savings’ Board of Directors unanimously approved and adopted the Merger Agreement and unanimously approved and authorized the
proposed Merger. First Savings’ Board of Directors concluded that entering into the Merger Agreement and completing the Merger and the other transactions contemplated by the Merger Agreement are in the best interest of First Savings and the
First Savings shareholders. First Savings’ Board of Directors unanimously recommends that First Savings common shareholders vote “FOR” (i) approval of the Merger Proposal, (ii) approval of the Merger-Related
Compensation Proposal, and (iii) approval of the Adjournment Proposal. In reaching its determination, First Savings’ Board of Directors considered a number of factors, which are described in the section captioned “THE MERGER –
First Savings’ Reasons for the Merger” beginning on page 44. Because of the wide variety of factors considered, First Savings’ Board of Directors did not believe it practicable