Form 4 for MRDN Meridian Holdings Inc./NV

Accepted 2024-02-06 00:00:00 ET · period of report 2024-01-17 · accession 0001477932-24-000561 · 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	Feng Weiting	COO, Dir	M - OptEx	—	+62.5K	2.85M	+2%	—
D	2024-02-06	2024-01-17	MRDN	Feng Weiting	COO, Dir	M - OptEx	$0.00	-125.0K	125.0K	-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	62,500	—	2,853,415	D	—	—	(F1) Represents the vesting of 62,500 restricted stock units (RSUs) upon the Issuer meeting a revenue target 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	125,000	$0.00	125,000	D	— · — to —	125,000 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 62,500 of such RSUs, upon the Issuer meeting certain (1) revenue and (2) EBITDA targets (125,000 total per year), as of the end of fiscal 2022 (vested), 2023 (vested as to 62,500 RSUs) 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.