Collier George C. III 4

What Happened

• George C. Collier III, a director of Meridian Corp (MRBK), exercised options on March 6, 2026 to acquire a total of 1,600 shares. The exercises were at multiple strike prices and totaled $17,956 in exercise consideration.
• The filing also shows a simultaneous disposition of the same 1,600 shares (reported as derivative dispositions) with the same amounts, indicating the shares were acquired and immediately disposed on the same date.

Key Details

• Transaction date: 2026-03-06 (reported on Form 4 filed 2026-03-11).
• Lots and prices exercised/disposed:
  • 200 shares @ $6.74 = $1,348
  • 200 shares @ $13.88 = $2,776
  • 400 shares @ $9.00 = $3,600
  • 200 shares @ $10.44 = $2,088
  • 200 shares @ $12.22 = $2,444
  • 200 shares @ $15.50 = $3,100
  • 200 shares @ $13.00 = $2,600
  • Total: 1,600 shares; total consideration shown $17,956.
• Shares owned after the transactions: not specified in the provided summary of the filing.
• Footnotes: F1 notes adjustment for a 2/28/2023 two-for-one stock split; F2 describes vesting (25% at grant date, then three equal annual installments beginning one year after each grant).
• Timeliness: Form 4 filed on 2026-03-11 for a 2026-03-06 transaction; filing appears timely (no late-filing flag reported).

Context

• The transactions are coded "M" (exercise/conversion of derivative securities). Because the filing shows acquisition and disposition of the same shares on the same date, this often reflects a cashless exercise or share sale to cover exercise costs/taxes—i.e., no lasting increase in the insider’s net holdings is indicated by this activity.
• These entries are routine option exercises and related dispositions; they are factual disclosures and do not, by themselves, indicate the insider’s future views or company prospects.