Alice Laberge Acquires 2,000 MERC Shares at $2.9786

Rhea-AI Filing Summary

Alice Laberge, a director of Mercer International Inc. (MERC), purchased 2,000 shares of MERC common stock on 08/08/2025 at a price of $2.9786 per share. After the transaction she directly beneficially owned 12,065 shares. The Form 4 reports only a non-derivative purchase (Transaction Code P) and lists no derivative transactions or dispositions.

Positive

• Director purchase disclosed: Alice Laberge acquired 2,000 MERC shares at $2.9786, increasing direct holdings to 12,065 shares.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director purchase of 2,000 MERC shares at $2.9786 raised direct holdings to 12,065; transaction appears immaterial to firm valuation.

The reported purchase increases a director's direct stake by 2,000 shares at an average price of $2.9786, leaving total direct ownership at 12,065 shares. The filing shows no derivative activity. Given the small share count relative to typical public-company floats, this transaction is likely not material to market valuation but is a factual insider purchase disclosed under Section 16.

Corporate Governance Expert

TL;DR: Form 4 discloses a straightforward open-market director purchase (Code P) with no indirect holdings change or derivative positions reported.

The report is clean and routine: a director-level insider acquired common stock under Transaction Code P, and the form was filed by one reporting person. No indirect beneficial ownership or derivative instruments are listed. From a governance perspective, the disclosure meets Section 16 reporting requirements and shows no red flags or complex arrangements.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Laberge Alice

(Last) (First) (Middle)

SUITE 1120, 700 WEST PENDER STREET

(Street)

VANCOUVER A1 V6C 1G8

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MERCER INTERNATIONAL INC. [ MERC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

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

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/08/2025		P		2,000	A	$2.9786	12,065	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Alice Laberge	08/08/2025
	** 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 4 (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.

FAQ

What did Alice Laberge report on the MERC Form 4?

The Form 4 reports a non-derivative purchase of 2,000 MERC shares at $2.9786, resulting in 12,065 shares directly beneficially owned.

When was the MERC insider transaction dated?

The transaction date reported is 08/08/2025.

What does Transaction Code P mean on the Form 4 for MERC?

Transaction Code P on a Form 4 indicates a purchase of securities; the filing shows no derivative transactions.

Did the Form 4 disclose any derivative or indirect holdings for MERC?

No. The filing lists only a non-derivative purchase and shows the holdings as direct ownership of 12,065 shares.

Was the Form 4 filed by multiple reporting persons for MERC?

No. The form indicates it was filed by one reporting person.