Feng Weiting 4

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.