Christensen Richard 4
4 · Meridian Holdings Inc./NV · Filed Apr 30, 2026
Research Summary
AI-generated summary of this filing
Meridian Holdings (MRDN) CFO Richard Christensen Converts RSUs
What Happened
Richard Christensen, CFO of Meridian Holdings, reported conversion/settlement of restricted stock units (derivative code M) on 2026-04-14. The filing shows 4,687 shares were acquired upon the vesting of RSUs (per footnote F1) and 6,250 shares were reported as disposed/settled with $0 cash proceeds. Footnotes state the RSUs represent contingent rights to receive one share each and were settled in shares (F2); vesting conditions are described in F1 and F3.
Key Details
- Transaction date: 2026-04-14; Form 4 filed: 2026-04-30 (filed late relative to the 2-business-day rule).
- Reported entries: +4,687 shares acquired (vesting of RSUs); 6,250 shares reported as disposed/converted at $0.00 (no cash proceeds reported).
- Price reported: N/A for the 4,687 acquisition line; $0.00 for the 6,250 disposition line.
- Shares owned after the transaction: not specified in the provided filing details.
- Relevant footnotes: F1 (4,687 RSUs vested upon meeting a fiscal‑2025 revenue target), F2 (each RSU equals the right to one common share; settled in shares), F3 (vesting mechanics — half of RSUs tied to revenue/AEBITDA targets and half tied to continued service as of 3/15/2026).
- No 10b5-1 plan, tax‑withholding, or immediate open‑market sale is indicated in the provided notes.
Context
These entries reflect RSU vesting and conversion to shares (derivative exercise/settlement), not an open‑market purchase or a cash sale. Conversions/settlements like this typically reflect compensation vesting events rather than a deliberate buy/sell decision; the 6,250‑share line shows no cash proceeds reported. The Form 4 was filed well after the transaction date, which investors may note for timeliness purposes.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-04-14+4,687→ 17,187 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-04-14−6,250→ 0 total→ Common Stock (6,250 underlying)
Footnotes (3)
- [F1]Represents the vesting of 4,687 restricted stock units (RSUs) upon the Issuer meeting a revenue target as of the end of fiscal 2025.
- [F2]Each RSU represents the contingent right to receive, at settlement, one share of common stock, which were settled in shares of common stock.
- [F3]Half of the RSUs vest, if at all, upon the Issuer meeting certain (1) revenue (2024 revenue x 1.1 (781 RSUs) and 2024 revenue x 1.2 (1,563 RSUs)) and (2) Adjusted EBITDA (AEBITDA) (2024 AEBITDA x 1.1 (781 RSUs) and 2024 AEBITDA x 1.2 (1,563 RSUs)) targets, as of the end of fiscal 2025, and upon the public disclosure of such operating results in the Issuer's subsequently filed Annual Report on Form 10-K, subject to the reporting person's continued service through the applicable vesting date. Restricted stock units do not expire; they either vest or are canceled prior to the vesting date. Half of the RSUs vest, if the reporting person continued service on March 15, 2026.