# EDGAR Filing Document

**Accession Number:** 0001718506
**File Stem:** 0001104659-23-019693
**Filing Date:** 2023-2
**Character Count:** 28599
**Document Hash:** 32ada2817b91fd36aba827a72510804b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-019693.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001104659-23-019693

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**GROUP MEMBERS**: CAREY ROGERS KULONGOSKI

**GROUP MEMBERS**: KATHERINE H. ROGERS

**GROUP MEMBERS**: MARY H. ROGERS

**GROUP MEMBERS**: RANDALL D. ROGERS, JR.

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Merchants Bancorp
- **CENTRAL INDEX KEY:** 0001629019
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 205747400
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90321
- **FILM NUMBER:** 23618453

**BUSINESS ADDRESS:**
- **STREET 1:** 410 MONON BLVD
- **CITY:** CARMEL
- **STATE:** IN
- **ZIP:** 46032
- **BUSINESS PHONE:** 3175697420

**MAIL ADDRESS:**
- **STREET 1:** 410 MONON BLVD
- **CITY:** CARMEL
- **STATE:** IN
- **ZIP:** 46032
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Rogers Randall D.
- **CENTRAL INDEX KEY:** 0001718506

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**MAIL ADDRESS:**
- **STREET 1:** 410 MONON BLVD
- **CITY:** CARMEL
- **STATE:** IN
- **ZIP:** 46032

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION** **<br> Washington, D.C. 20549**

**SCHEDULE 13G/A**

Under the Securities Exchange Act of 1934

(Amendment No. 6)\*

---

| |
|:---|
| **Merchants Bancorp** |
| &nbsp;&nbsp;(Name of Issuer) |
| &nbsp;&nbsp;**Common Stock** |
| &nbsp;&nbsp;(Title of Class of Securities) |
| &nbsp;&nbsp;**58844R108** |
| &nbsp;&nbsp;(CUSIP Number) |
| &nbsp;&nbsp;**December 31, 2022** |
| &nbsp;&nbsp;(Date of Event which Requires Filing of this Statement) |

---

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

◻ Rule 13d-1(b)

◻ Rule 13d-1(c)

⌧ Rule 13d-1(d)

\*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the *Notes*).

**SCHEDULE 13G**

**CUSIP No. 58844R108**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**1** | &nbsp;&nbsp;**Names of Reporting Persons**<br>Randall D. Rogers | &nbsp;&nbsp;**Names of Reporting Persons**<br>Randall D. Rogers | &nbsp;&nbsp;**Names of Reporting Persons**<br>Randall D. Rogers |
| &nbsp;&nbsp;**2** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Check the appropriate box if a member of a Group (see instructions)**<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ⌧<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ◻ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Check the appropriate box if a member of a Group (see instructions)**<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ⌧<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ◻ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Check the appropriate box if a member of a Group (see instructions)**<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ⌧<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ◻ |
| &nbsp;&nbsp;**3** | &nbsp;&nbsp;**Sec Use Only** | &nbsp;&nbsp;**Sec Use Only** | &nbsp;&nbsp;**Sec Use Only** |
| &nbsp;&nbsp;**4** | &nbsp;&nbsp;**Citizenship or Place of Organization**<br>United States | &nbsp;&nbsp;**Citizenship or Place of Organization**<br>United States | &nbsp;&nbsp;**Citizenship or Place of Organization**<br>United States |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**5** | &nbsp;&nbsp;&nbsp;&nbsp;**Sole Voting Power**<br>0 |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**6** | &nbsp;&nbsp;&nbsp;&nbsp;**Shared Voting Power**<br>3,364,923 |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**7** | &nbsp;&nbsp;&nbsp;&nbsp;**Sole Dispositive Power**<br>0 |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**8** | &nbsp;&nbsp;&nbsp;&nbsp;**Shared Dispositive Power**<br>3,364,923 |
| &nbsp;&nbsp;**9** | &nbsp;&nbsp;**Aggregate Amount Beneficially Owned by Each Reporting Person**<br>3,364,923 | &nbsp;&nbsp;**Aggregate Amount Beneficially Owned by Each Reporting Person**<br>3,364,923 | &nbsp;&nbsp;**Aggregate Amount Beneficially Owned by Each Reporting Person**<br>3,364,923 |
| &nbsp;&nbsp;**10** | &nbsp;&nbsp;**Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)**<br>◻ | &nbsp;&nbsp;**Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)**<br>◻ | &nbsp;&nbsp;**Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)**<br>◻ |
| &nbsp;&nbsp;**11** | &nbsp;&nbsp;**Percent of class represented by amount in row (9)**<br>7.8% | &nbsp;&nbsp;**Percent of class represented by amount in row (9)**<br>7.8% | &nbsp;&nbsp;**Percent of class represented by amount in row (9)**<br>7.8% |
| &nbsp;&nbsp;**12** | &nbsp;&nbsp;**Type of Reporting Person (See Instructions)**<br>IN | &nbsp;&nbsp;**Type of Reporting Person (See Instructions)**<br>IN | &nbsp;&nbsp;**Type of Reporting Person (See Instructions)**<br>IN |

---

Page 2 of 11

**CUSIP No. 58844R108**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**1** | &nbsp;&nbsp;**Names of Reporting Persons**<br>Mary H. Rogers | &nbsp;&nbsp;**Names of Reporting Persons**<br>Mary H. Rogers | &nbsp;&nbsp;**Names of Reporting Persons**<br>Mary H. Rogers |
| &nbsp;&nbsp;**2** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Check the appropriate box if a member of a Group (see instructions)**<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ⌧<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ◻ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Check the appropriate box if a member of a Group (see instructions)**<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ⌧<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ◻ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Check the appropriate box if a member of a Group (see instructions)**<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ⌧<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ◻ |
| &nbsp;&nbsp;**3** | &nbsp;&nbsp;**Sec Use Only** | &nbsp;&nbsp;**Sec Use Only** | &nbsp;&nbsp;**Sec Use Only** |
| &nbsp;&nbsp;**4** | &nbsp;&nbsp;**Citizenship or Place of Organization**<br>United States | &nbsp;&nbsp;**Citizenship or Place of Organization**<br>United States | &nbsp;&nbsp;**Citizenship or Place of Organization**<br>United States |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**5** | &nbsp;&nbsp;&nbsp;&nbsp;**Sole Voting Power**<br>0 |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**6** | &nbsp;&nbsp;&nbsp;&nbsp;**Shared Voting Power**<br>3,364,923 |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**7** | &nbsp;&nbsp;&nbsp;&nbsp;**Sole Dispositive Power**<br>0 |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**8** | &nbsp;&nbsp;&nbsp;&nbsp;**Shared Dispositive Power**<br>3,364,923 |
| &nbsp;&nbsp;**9** | &nbsp;&nbsp;**Aggregate Amount Beneficially Owned by Each Reporting Person**<br>3,364,923 | &nbsp;&nbsp;**Aggregate Amount Beneficially Owned by Each Reporting Person**<br>3,364,923 | &nbsp;&nbsp;**Aggregate Amount Beneficially Owned by Each Reporting Person**<br>3,364,923 |
| &nbsp;&nbsp;**10** | &nbsp;&nbsp;**Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)**<br>◻ | &nbsp;&nbsp;**Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)**<br>◻ | &nbsp;&nbsp;**Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)**<br>◻ |
| &nbsp;&nbsp;**11** | &nbsp;&nbsp;**Percent of class represented by amount in row (9)**<br>7.8% | &nbsp;&nbsp;**Percent of class represented by amount in row (9)**<br>7.8% | &nbsp;&nbsp;**Percent of class represented by amount in row (9)**<br>7.8% |
| &nbsp;&nbsp;**12** | &nbsp;&nbsp;**Type of Reporting Person (See Instructions)**<br>IN | &nbsp;&nbsp;**Type of Reporting Person (See Instructions)**<br>IN | &nbsp;&nbsp;**Type of Reporting Person (See Instructions)**<br>IN |

---

Page 3 of 11

**CUSIP No. 58844R108**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**1** | &nbsp;&nbsp;**Names of Reporting Persons**<br>Katherine H. Rogers | &nbsp;&nbsp;**Names of Reporting Persons**<br>Katherine H. Rogers | &nbsp;&nbsp;**Names of Reporting Persons**<br>Katherine H. Rogers |
| &nbsp;&nbsp;**2** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Check the appropriate box if a member of a Group (see instructions)**<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ⌧<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ◻ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Check the appropriate box if a member of a Group (see instructions)**<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ⌧<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ◻ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Check the appropriate box if a member of a Group (see instructions)**<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ⌧<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ◻ |
| &nbsp;&nbsp;**3** | &nbsp;&nbsp;**Sec Use Only** | &nbsp;&nbsp;**Sec Use Only** | &nbsp;&nbsp;**Sec Use Only** |
| &nbsp;&nbsp;**4** | &nbsp;&nbsp;**Citizenship or Place of Organization**<br>United States | &nbsp;&nbsp;**Citizenship or Place of Organization**<br>United States | &nbsp;&nbsp;**Citizenship or Place of Organization**<br>United States |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**5** | &nbsp;&nbsp;&nbsp;&nbsp;**Sole Voting Power**<br>2,815,122 |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**6** | &nbsp;&nbsp;&nbsp;&nbsp;**Shared Voting Power**<br>0 |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**7** | &nbsp;&nbsp;&nbsp;&nbsp;**Sole Dispositive Power**<br>2,815,122 |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**8** | &nbsp;&nbsp;&nbsp;&nbsp;**Shared Dispositive Power**<br>0 |
| &nbsp;&nbsp;**9** | &nbsp;&nbsp;**Aggregate Amount Beneficially Owned by Each Reporting Person**<br>2,815,122 | &nbsp;&nbsp;**Aggregate Amount Beneficially Owned by Each Reporting Person**<br>2,815,122 | &nbsp;&nbsp;**Aggregate Amount Beneficially Owned by Each Reporting Person**<br>2,815,122 |
| &nbsp;&nbsp;**10** | &nbsp;&nbsp;**Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)**<br>◻ | &nbsp;&nbsp;**Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)**<br>◻ | &nbsp;&nbsp;**Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)**<br>◻ |
| &nbsp;&nbsp;**11** | &nbsp;&nbsp;**Percent of class represented by amount in row (9)**<br>6.5% | &nbsp;&nbsp;**Percent of class represented by amount in row (9)**<br>6.5% | &nbsp;&nbsp;**Percent of class represented by amount in row (9)**<br>6.5% |
| &nbsp;&nbsp;**12** | &nbsp;&nbsp;**Type of Reporting Person (See Instructions)**<br>IN | &nbsp;&nbsp;**Type of Reporting Person (See Instructions)**<br>IN | &nbsp;&nbsp;**Type of Reporting Person (See Instructions)**<br>IN |

---

Page 4 of 11

**CUSIP No. 58844R108**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**1** | &nbsp;&nbsp;**Names of Reporting Persons**<br>Carey Rogers Kulongoski | &nbsp;&nbsp;**Names of Reporting Persons**<br>Carey Rogers Kulongoski | &nbsp;&nbsp;**Names of Reporting Persons**<br>Carey Rogers Kulongoski |
| &nbsp;&nbsp;**2** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Check the appropriate box if a member of a Group (see instructions)**<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ⌧<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ◻ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Check the appropriate box if a member of a Group (see instructions)**<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ⌧<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ◻ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Check the appropriate box if a member of a Group (see instructions)**<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ⌧<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ◻ |
| &nbsp;&nbsp;**3** | &nbsp;&nbsp;**Sec Use Only** | &nbsp;&nbsp;**Sec Use Only** | &nbsp;&nbsp;**Sec Use Only** |
| &nbsp;&nbsp;**4** | &nbsp;&nbsp;**Citizenship or Place of Organization**<br>United States | &nbsp;&nbsp;**Citizenship or Place of Organization**<br>United States | &nbsp;&nbsp;**Citizenship or Place of Organization**<br>United States |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**5** | &nbsp;&nbsp;&nbsp;&nbsp;**Sole Voting Power**<br>3,222,106 |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**6** | &nbsp;&nbsp;&nbsp;&nbsp;**Shared Voting Power**<br>0 |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**7** | &nbsp;&nbsp;&nbsp;&nbsp;**Sole Dispositive Power**<br>3,222,106 |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**8** | &nbsp;&nbsp;&nbsp;&nbsp;**Shared Dispositive Power**<br>0 |
| &nbsp;&nbsp;**9** | &nbsp;&nbsp;**Aggregate Amount Beneficially Owned by Each Reporting Person**<br>3,222,106 | &nbsp;&nbsp;**Aggregate Amount Beneficially Owned by Each Reporting Person**<br>3,222,106 | &nbsp;&nbsp;**Aggregate Amount Beneficially Owned by Each Reporting Person**<br>3,222,106 |
| &nbsp;&nbsp;**10** | &nbsp;&nbsp;**Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)**<br>◻ | &nbsp;&nbsp;**Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)**<br>◻ | &nbsp;&nbsp;**Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)**<br>◻ |
| &nbsp;&nbsp;**11** | &nbsp;&nbsp;**Percent of class represented by amount in row (9)**<br>7.5% | &nbsp;&nbsp;**Percent of class represented by amount in row (9)**<br>7.5% | &nbsp;&nbsp;**Percent of class represented by amount in row (9)**<br>7.5% |
| &nbsp;&nbsp;**12** | &nbsp;&nbsp;**Type of Reporting Person (See Instructions)**<br>IN | &nbsp;&nbsp;**Type of Reporting Person (See Instructions)**<br>IN | &nbsp;&nbsp;**Type of Reporting Person (See Instructions)**<br>IN |

---

Page 5 of 11

**CUSIP No. 58844R108**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**1** | &nbsp;&nbsp;**Names of Reporting Persons**<br>Randall D. Rogers, Jr. | &nbsp;&nbsp;**Names of Reporting Persons**<br>Randall D. Rogers, Jr. | &nbsp;&nbsp;**Names of Reporting Persons**<br>Randall D. Rogers, Jr. |
| &nbsp;&nbsp;**2** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Check the appropriate box if a member of a Group (see instructions)**<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ⌧<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ◻ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Check the appropriate box if a member of a Group (see instructions)**<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ⌧<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ◻ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Check the appropriate box if a member of a Group (see instructions)**<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ⌧<br> &nbsp;&nbsp;&nbsp;&nbsp;(b) ◻ |
| &nbsp;&nbsp;**3** | &nbsp;&nbsp;**Sec Use Only** | &nbsp;&nbsp;**Sec Use Only** | &nbsp;&nbsp;**Sec Use Only** |
| &nbsp;&nbsp;**4** | &nbsp;&nbsp;**Citizenship or Place of Organization**<br>United States | &nbsp;&nbsp;**Citizenship or Place of Organization**<br>United States | &nbsp;&nbsp;**Citizenship or Place of Organization**<br>United States |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**5** | &nbsp;&nbsp;&nbsp;&nbsp;**Sole Voting Power**<br>3,853,606 |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**6** | &nbsp;&nbsp;&nbsp;&nbsp;**Shared Voting Power**<br>0 |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**7** | &nbsp;&nbsp;&nbsp;&nbsp;**Sole Dispositive Power**<br>3,853,606 |
| **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | **Number of <br> Shares <br> Beneficially <br> Owned by Each <br> Reporting Person <br> With:** | &nbsp;&nbsp;**8** | &nbsp;&nbsp;&nbsp;&nbsp;**Shared Dispositive Power**<br>0 |
| &nbsp;&nbsp;**9** | &nbsp;&nbsp;**Aggregate Amount Beneficially Owned by Each Reporting Person**<br>3,853,606 | &nbsp;&nbsp;**Aggregate Amount Beneficially Owned by Each Reporting Person**<br>3,853,606 | &nbsp;&nbsp;**Aggregate Amount Beneficially Owned by Each Reporting Person**<br>3,853,606 |
| &nbsp;&nbsp;**10** | &nbsp;&nbsp;**Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)**<br>◻ | &nbsp;&nbsp;**Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)**<br>◻ | &nbsp;&nbsp;**Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)**<br>◻ |
| &nbsp;&nbsp;**11** | &nbsp;&nbsp;**Percent of class represented by amount in row (9)**<br>8.9% | &nbsp;&nbsp;**Percent of class represented by amount in row (9)**<br>8.9% | &nbsp;&nbsp;**Percent of class represented by amount in row (9)**<br>8.9% |
| &nbsp;&nbsp;**12** | &nbsp;&nbsp;**Type of Reporting Person (See Instructions)**<br>IN | &nbsp;&nbsp;**Type of Reporting Person (See Instructions)**<br>IN | &nbsp;&nbsp;**Type of Reporting Person (See Instructions)**<br>IN |

---

Page 6 of 11

**Item 1.**

**(a)** **Name of Issuer:** 

Merchants Bancorp

**(b)** **Address of Issuer's Principal Executive Offices:** 

410 Monon Boulevard, Carmel, IN 46032

**Item 2.**

**(a)** **Name of Person Filing:** 

Randall D. Rogers

Mary H. Rogers

Katherine H. Rogers

Carey Rogers Kulongoski

Randall D. Rogers, Jr.

Randall D. Rogers, Mary H. Rogers, Katherine H. Rogers, Carey Rogers Kulongoski, and Randall D. Rogers, Jr. have entered into a Joint Filing Agreement pursuant to which they have agreed to file this Schedule 13G Amendment jointly in accordance with the provisions of Rule 13d-1(k) of the Act.

**(b)** **Address of Principal Business Office or, if None, Residence:** 

410 Monon Boulevard, Carmel, IN 46032

**(c)** **Citizenship:** 

United States

**(d)** **Title and Class of Securities:** 

Common Stock

**(e)** **CUSIP No.:** 

58844R108

Page 7 of 11

**Item 3.** **If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ◻ Broker or dealer registered under Section 15 of the Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ◻ Bank as defined in Section 3(a)(6) of the Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ◻ Insurance company as defined in Section 3(a)(19) of the Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) ◻ Investment company registered under Section 8
 of the Investment Company Act of 1940;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) ◻ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) ◻ An employee benefit plan or endowment
 fund in accordance with Rule 13d-1(b)(1)(ii)(F);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) ◻ A parent holding company or control person
 in accordance with Rule 13d-1(b)(1)(ii)(G);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) ◻ A savings associations as defined in Section 3(b) of
 the Federal Deposit Insurance Act (12 U.S.C. 1813);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) ◻ A church plan that is excluded from the
 definition of an investment company under section 3(c)(14) of the Investment Company Act
 of 1940;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) ◻ A non-U.S. institution in accordance with
 Rule 240.13d-1(b)(1)(ii)(J);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) ◻ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
 If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J),
 please specify the type of institution: ____

**Item 4.** **Ownership**

**1. Randall D. Rogers**

**(a)** **Amount Beneficially Owned:** 3,364,923

**(b)** **Percent of Class:** 7.8%

**(c)** **Number of shares as to which such person has:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** **Sole power to vote or to direct the vote:** 0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii)** **Shared power to vote or to direct the vote:** 3,364,923

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iii)** **Sole power to dispose or to direct the disposition of:** 0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iv)** **Shared power to dispose or to direct the disposition of:** 3,364,923

**2. Mary H. Rogers**

**(a)** **Amount Beneficially Owned:** 3,364,923

**(b)** **Percent of Class:** 7.8%

**(c)** **Number of shares as to which such person has:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** **Sole power to vote or to direct the vote:** 0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii)** **Shared power to vote or to direct the vote:** 3,364,923

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iii)** **Sole power to dispose or to direct the disposition of:** 0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iv)** **Shared power to dispose or to direct the disposition of:** 3,364,923

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**3. Katherine H. Rogers**

**(a)** **Amount Beneficially Owned:** 2,815,122

**(b)** **Percent of Class:** 6.5%

**(c)** **Number of shares as to which such person has:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** **Sole power to vote or to direct the vote:** 2,815,122

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii)** **Shared power to vote or to direct the vote:** 0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iii)** **Sole power to dispose or to direct the disposition of:** 2,815,122

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iv)** **Shared power to dispose or to direct the disposition of:** 0

**4. Carey Rogers Kulongoski**

**(a)** **Amount Beneficially Owned:** 3,222,106

**(b)** **Percent of Class:** 7.5%

**(c)** **Number of shares as to which such person has:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** **Sole power to vote or to direct the vote:** 3,222,106

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii)** **Shared power to vote or to direct the vote:** 0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iii)** **Sole power to dispose or to direct the disposition of:** 3,222,106

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iv)** **Shared power to dispose or to direct the disposition of:** 0

**5. Randall D. Rogers, Jr.**

**(a)** **Amount Beneficially Owned:** 3,853,606

**(b)** **Percent of Class:** 8.9%

**(c)** **Number of shares as to which such person has:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** **Sole power to vote or to direct the vote:** 3,853,606

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii)** **Shared power to vote or to direct the vote:** 0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iii)** **Sole power to dispose or to direct the disposition of:** 3,853,606

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iv)** **Shared power to dispose or to direct the disposition of:** 0

**Item 5.** **Ownership of Five Percent or Less of a Class.**

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ◻.

N/A

**Item 6.** **Ownership of more than Five Percent on Behalf of Another Person.**

N/A

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**Item 7.** **Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person.**

N/A

**Item 8.** **Identification and classification of members of the group.**

N/A

**Item 9.** **Notice of Dissolution of Group.**

N/A

**Item 10.** **Certifications.**

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 13, 2023

---

| |
|:---|
| /s/ Randall D. Rogers |
| Randall D. Rogers |
| /s/ Mary H. Rogers |
| Mary H. Rogers |
| /s/ Katherine H. Rogers |
| Katherine H. Rogers |
| /s/ Carey Rogers Kulongoski |
| Carey Rogers Kulongoski |
| /s/ Randall D. Rogers, Jr. |
| Randall D. Rogers, Jr. |

---

**Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).**

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