Brunner Mark Rawlins 4

What Happened

• Mark Rawlins, Chief Revenue Officer of Merlin, Inc. (MRLN), received an award of 225,904 restricted stock units (RSUs) on May 20, 2026. The filing reports an award (code A); no cash price or immediate share sale is involved. Total value at grant is not provided in the Form 4.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (timely).
• Award: 225,904 RSUs (each RSU is a contingent right to one share of common stock); acquisition price: N/A.
• Vesting: three equal annual installments beginning April 7, 2027.
• RSU term: the RSUs do not expire (per footnote).
• Shares owned after transaction: not reported in this filing.
• Transaction code: A (award/grant).

Context

• RSUs are a form of equity compensation that convert into shares upon vesting; they do not represent immediate ownership or a market purchase. Such awards are common for executives and reflect compensation, not an open-market buy or sell.