Merlin (MRLN) CEO George Spencer Withholds 1,468 Shares for Taxes

What Happened
George Matthew Spencer, CEO of Merlin, Inc. (MRLN), had 1,468 shares of common stock withheld by the company on September 16, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The filing reports a per-share price of $2.21, for a withholding value of approximately $3,244. This is a tax-withholding disposition (transaction code F), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-09-16; Form 4 filed: 2026-09-18 (appears timely).
• Transaction type/code: F (shares withheld to satisfy tax obligations).
• Shares withheld/disposed: 1,468 at $2.21 per share; total value ≈ $3,244.
• Shares owned after transaction: not reported in the provided data.
• Footnote: Issuer withheld the shares to satisfy the Reporting Person's tax withholding on RSU vesting; the $2.21 price is the closing price on the vesting date used only to calculate the number of shares withheld.

Context
Tax-withholding dispositions on RSU vesting are routine: the company retains (or “nets out”) shares to cover taxes rather than the insider selling shares on the open market. These transactions generally do not signal a buy/sell decision about the stock itself.