Holland Robert T. 4

What Happened
Robert T. Holland, a director of Meridian Corp (MRBK), exercised stock options on 2026-05-07 to acquire 10,500 common shares at an exercise price of $7.62 per share, for a total cash cost of $80,010. The filing also shows the corresponding derivative (the options) being cancelled/converted (10,500 shares, $0 price) as part of the exercise.

Key Details

• Transaction date: 2026-05-07; filing date: 2026-05-08 (timely).
• Acquired: 10,500 shares @ $7.62 = $80,010 (code M — option exercise/conversion).
• Disposed: 10,500 derivative units @ $0.00 (reflects the option converted/cancelled).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — figures adjusted for 2/28/2023 two-for-one stock split; F2 — the options vest 25% at grant date then in three equal annual installments starting 1 year after each grant.
• No indication in this filing that shares were immediately sold (not a cashless sale reported).

Context
This was an exercise of options (a purchase of shares by paying the exercise price), which is different from an open-market buy or an outright sale. Exercises often reflect option vesting or scheduled exercising and do not by themselves signal an intent to sell shares. The filing appears routine and was submitted promptly.