Company: FRME
Filing Date: 2025-10-17
Form Type: S-4/A
Source: 0001193125-25-242318
Chunk: 107

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-17
Form: S-4/A
Chunk 107
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 If you desire copies of any of these documents, you may contact First Savings at its address or telephone number indicated under “WHERE YOU CAN FIND ADDITIONAL
INFORMATION” on page 89.

78

COMPARISON OF COMMON STOCK The following summary comparison of First Merchants common stock and First Savings common stock includes the material features of such stocks and the material differences in the rights of holders of shares of such stocks. Because this is a summary, it does not contain all of the information that is important to you and is qualified in its entirety by reference to First Merchants’ Articles of Incorporation and Bylaws and First Savings’ Articles of Incorporation and Bylaws. Governing Law Following the Merger, the rights of former First Savings shareholders who receive shares of First Merchants common stock will be governed by the laws of the State of Indiana, the state in which First Merchants is incorporated, and by First Merchants’ Articles of Incorporation and Bylaws. The rights of First Savings shareholders are presently governed by the laws of the State of Indiana, the state in which First Savings is incorporated, and by First Savings’ Articles of Incorporation and Bylaws. The rights of First Savings shareholders differ in certain respects from the rights they will have as First Merchants shareholders, including certain preferential rights of preferred shareholders and the vote required for the amendment of certain significant provisions of the Articles of Incorporation and for the approval of certain significant corporate transactions.

| Authorized But Unissued Shares                                                                                                                                                                                                                                                                                                                                                                     |     |                                                                                                                                                                                                                                            |
| First Merchants                                                                                                                                                                                                                                                                                                                                                                                    
 First Merchants’ Articles of Incorporation authorize the issuance of 100,000,000 shares of common stock, of which 57,732,339 shares were outstanding as                                                                                                                                                                                                                                            
 of July 28, 2025. First Merchants’ Board of Directors may authorize the issuance of additional shares of common stock up to the amounts authorized in First Merchants’ Articles of Incorporation without shareholder approval, subject                                                                                                                                                             
 only to the restrictions of the Indiana Business Corporation Law and the Articles of Incorporation. First Merchants has 500,000 shares of preferred stock authorized, of which 10,000 shares are designated as the 7.50% Non-Cumulative Perpetual Preferred Stock, Series A. As of June 30, 2025, there were 10,000 shares of 7.50% Non-Cumulative Perpetual Preferred Stock, Series A outstanding 
 The preferred shares are available to be issued, without prior shareholder