Form 4 for MRDN Meridian Holdings Inc./NV

Accepted 2024-02-06 00:00:00 ET · period of report 2024-01-17 · accession 0001477932-24-000559 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2024-02-06	2024-01-17	MRDN	Smith Murray George	Dir	M - OptEx	—	+25.0K	75.0K	+50%	—
D	2024-02-06	2024-01-17	MRDN	Smith Murray George	Dir	M - OptEx	$0.00	-50.0K	50.0K	-50%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2024-01-17	M	A	25,000	—	75,000	D	—	—	(F1) Represents the vesting of 25,000 restricted stock units (RSUs) upon the Issuer meeting certain (1) revenue and (2) EBITDA targets, as of the end of fiscal 2023. (F2) Each RSU represents the contingent right to receive, at settlement, one share of common stock.
2	Derivative	Restricted Stock Unit	2024-01-17	M	D	50,000	$0.00	50,000	D	— · — to —	50,000 Common Stock	(F2) Each RSU represents the contingent right to receive, at settlement, one share of common stock. (F3) The RSUs vest, if at all, at the rate of 25,000 RSUs, upon the Issuer meeting certain (1) revenue and (2) EBITDA targets (50,000 per year in total), as of the end of fiscal 2022 (vested), 2023 (vested as to 25,000) and 2024, and upon the public disclosure of such operating results in the Issuer's subsequently filed Annual Reports on Form 10-K, subject to the reporting person's continued service through the applicable vesting date. Restricted stock units do not expire; they either vest or are canceled prior to vesting date. Issued under the Issuer's 2022 Equity Incentive Plan.