Christensen Richard 4

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.