Feng Weiting 4
4 · Meridian Holdings Inc./NV · Filed Apr 30, 2026
Research Summary
AI-generated summary of this filing
Meridian (MRDN) COO Feng Weiting Receives Award
What Happened
Feng Weiting, Chief Operating Officer of Meridian Holdings Inc. (MRDN), reported the conversion/settlement of derivative awards on 2026-04-14. The filing shows 3,125 shares acquired through the exercise/conversion of derivative awards (reported as RSUs settled in common stock). The same filing also reports a disposition of 6,250 derivative shares at $0.00. No dollar value is provided for the 3,125 shares; the 6,250-share disposition is reported at $0.00.
Key Details
- Transaction date: 2026-04-14; Form 4 filed 2026-04-30 (appears late — ~16 days after the transaction).
- Acquired: 3,125 shares via conversion/settlement of RSUs (price N/A).
- Disposed: 6,250 derivative shares at $0.00 (total reported value $0). Reason for the disposition is not specified in the filing.
- Shares owned after the transactions: not disclosed in the provided excerpt.
- Footnotes:
- F1: The 3,125 shares represent vested restricted stock units (RSUs) settled in common stock.
- F2: Each RSU equals the contingent right to receive one share at settlement.
- F3: These RSUs vest only if certain fiscal 2025 revenue and Adjusted EBITDA targets are met (four tranche targets tied to 2024 figures); issued under the 2023 Equity Incentive Plan.
Context
- These were derivative/RSU transactions (code M) — the filing shows conversion/settlement rather than an open-market purchase or sale.
- The filing does not state whether the 6,250-share disposition was for tax withholding, broker sale, cancellation, or another purpose; the purpose is not disclosed, so no inference about insider sentiment should be made.
- The late filing may be noteworthy for compliance/timeliness but does not itself indicate the insider’s market view.
Insider Transaction Report
Form 4
Feng Weiting
Other
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-04-14+3,125→ 237,810 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 3,125 restricted stock units (RSUs) upon the Issuer meeting a revenue target as of the end of fiscal 2025, which were settled in shares of common stock.
- [F2]Each RSU represents the contingent right to receive, at settlement, one share of common stock.
- [F3]The RSUs vest, if at all, upon the Issuer meeting certain (1) revenue (2024 revenue x 1.1 and 2024 revenue x 1.2)(1/4 of the RSUs each) and (2) Adjusted EBITDA (AEBITDA) (2024 AEBITDA x 1.1 and 2024 AEBITDA x 1.2)(1/4 of the RSUs each) 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. Issued under the Issuer's 2023 Equity Incentive Plan.
Signature
/s/ Weiting Feng|2026-04-30