Merlin, Inc. (BACQ) director Smith Robert Hanson files initial Form 3

Rhea-AI Filing Summary

Merlin, Inc. director Smith Robert Hanson filed an initial Form 3 insider ownership report. The filing does not list any buy or sell transactions and serves to register his status as a reporting insider for future ownership and trading disclosures.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Smith Robert Hanson

(Last) (First) (Middle)

129 SOUTH STREET

(Street)

BOSTON MASSACHUSETTS 02111

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
Merlin, Inc. [ MRLN ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24 - Power of Attorney.

No securities are beneficially owned.

	/s/ Leslie Renee Ravestein, Attorney-in-Fact	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Merlin, Inc. (BACQ) Form 3 filing show?

The Form 3 shows that director Smith Robert Hanson became a reporting insider of Merlin, Inc.. It reports no stock purchases, sales, or option exercises, and simply establishes his obligation to disclose future transactions.

Did Smith Robert Hanson buy or sell Merlin, Inc. (BACQ) shares in this Form 3?

No, this Form 3 reports no buy or sell transactions by Smith Robert Hanson. It is an initial insider ownership statement rather than a record of trading activity in Merlin, Inc. shares.

What is the purpose of a Form 3 for Merlin, Inc. (BACQ)?

A Form 3 is an insider’s initial ownership report when they first become a director, officer, or large shareholder. It establishes their reporting status so that later trades will be disclosed on Forms 4 and 5.

Does the Merlin, Inc. (BACQ) Form 3 indicate any derivative securities?

No, the insider data summary shows no derivative positions such as options or warrants. Derivative-related counts, including exercise and derivative transaction totals, are all reported as zero in this Form 3.

Is the Merlin, Inc. (BACQ) Form 3 filing a positive or negative signal for investors?

It is generally neutral. The filing is a routine regulatory requirement when someone becomes a reporting insider and does not, by itself, indicate bullish or bearish sentiment about Merlin, Inc.