Ravestein Leslie Renee 4

What Happened

• Leslie Renee Ravestein, Chief Legal Officer and Secretary of Merlin, received compensation awards on 2026-05-20: 199,036 restricted stock units (RSUs) and a derivative award covering 205,475 shares (reported at $0.00). These were granted as awards (A) — not open-market purchases or sales — and represent future rights to common stock under the company’s equity plan.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (filed within the usual two-business-day window).
• RSUs: 199,036 total, comprised of 184,036 RSUs that vest in three equal annual installments beginning March 16, 2027, plus 15,000 RSUs that vest in four equal installments every six months beginning September 16, 2026. Each RSU = contingent right to one share; RSUs do not expire. (Footnote F1)
• Derivative award (stock option): 205,475 shares reported as acquired at $0.00 in the filing; vesting: 25% on November 12, 2026, with the remainder vesting in 36 substantially equal monthly installments thereafter. (Footnote F2)
• Shares owned after the transaction and any exercise/strike price details beyond the $0.00 reported value were not specified in the provided summary.
• No indication in the provided data of a 10b5-1 plan, tax-withholding sale, or that shares were immediately sold.

Context

• These are compensation grants (RSUs and an option grant). RSUs convert to shares only as they vest; the option vests over time per the schedule in the footnote. Such awards are routine for executive compensation and do not represent an immediate buy or sell in the open market.