KELLOGG PETER R 4

What Happened

• Peter R. Kellogg, a reported 10% owner of Mercer International Inc. (MERC), made a series of purchases totaling 700,000 shares between May 15 and May 19, 2026. The Form 4 lists these as purchases (code P / open market or private purchase).
• Transactions reported: 215,000 shares @ $0.95 (value listed $203,584) on 2026-05-15; 380,000 shares @ $0.96 (value $366,510) on 2026-05-18; and 105,000 shares @ $0.97 (value $102,344) on 2026-05-19. Aggregate reported cost: $672,438.
• Purchases are typically considered a more informative insider action than routine sales, but the filing itself does not state Kellogg’s motivation.

Key Details

• Dates & prices: 2026-05-15 (215,000 @ $0.95); 2026-05-18 (380,000 @ $0.96); 2026-05-19 (105,000 @ $0.97).
• Total shares acquired: 700,000; total reported value: $672,438.
• Transaction code: P = Purchase (Form 4 notes open market or private purchase).
• Shares owned after transaction: Not specified in the excerpt provided.
• Filing date/accession: Form 4 filed 2026-05-20 (Accession 0001104659-26-064322). The report covers the trades above; the filing does not include any 10b5-1 or tax-withholding footnotes in the summary provided.

Context

• As a 10% owner, Kellogg is a significant shareholder (insider) but not necessarily an executive; such purchases reflect personal/large-holder buying rather than routine employee option activity.
• These were outright purchases (not option exercises, gifts, or awards), per the Form 4 codes. Purchases can be interpreted as support for the stock, but filings do not reveal intent—retail investors should consider this alongside company fundamentals and market context.