Warriner Kenneth Thomas 4

What Happened
Kenneth Thomas Warriner, a director of Meridian Corp (MRBK), reported two acquisitions: an open‑market purchase of 1,000 common shares on 2026-05-11 at $18.00 each (total $18,000), and a grant of 50 restricted shares on 2026-06-12 valued at $19.96 each (total $998). Both transactions are acquisitions (purchases/award), which are purchases rather than sales.

Key Details

• Transaction dates and prices:
  • 2026-05-11 — Open market purchase (P): 1,000 shares @ $18.00 ($18,000).
  • 2026-06-12 — Grant/award (A): 50 shares @ $19.96 ($998).
• Shares owned after the transactions: Not specified in the filing.
• Footnote: The 50‑share grant is restricted stock that vests 100% on the one‑year anniversary of the grant (per F1).
• Filing: Form 4 was filed on 2026-06-25 (the report covers a May 11 transaction and a June 12 grant), which is later than the typical 2‑business‑day Form 4 reporting window.

Context
The 1,000‑share purchase was an open‑market buy (immediate ownership). The 50‑share award is restricted stock and will not fully vest/transfer until one year after grant, so those shares are not immediately liquid. These are acquisitions (not sales); purchases and grants can be interpreted as insider accumulation, but filings do not state motivation. The late filing means the market had delayed disclosure of these trades.