MLNK insider filing shows merger cash-out at $20 per share

Rhea-AI Filing Summary

MeridianLink (MLNK) insider filed a Form 4 reflecting merger-related transactions. On October 24, 2025, the issuer completed a merger in which each outstanding share of Common Stock was automatically cancelled and converted into the right to receive $20.00 in cash, without interest, subject to applicable withholding taxes.

The filing shows a separate rollover step in which 2,000,000 shares were contributed to a new holding structure (Topco and ML New Topco, L.P.) pursuant to rollover agreements, followed by the cash-out conversion of remaining outstanding shares at $20.00 per share at the effective time.

Holdings noted include shares held through SCML, LLC and KCD30, LLC, as described in the footnotes.

Insights

Corporate actions analyst

Form 4 documents merger cash-out at $20 per share.

The disclosure records two mechanics: a rollover of 2,000,000 shares into a new Topco/Partnership structure, and the merger close where each outstanding MeridianLink share converted into the right to receive $20.00 in cash. This is typical when sponsors consolidate ownership pre-closing and remaining public shares are cashed out at the effective time.

The filing identifies indirect holdings via SCML, LLC and KCD30, LLC and clarifies control of voting/dispositive power in footnotes. As this is a Section 16 report, it does not address issuer proceeds or future capital structure; it simply records insider-level changes tied to the October 24, 2025 merger terms.

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

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X

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^*

Nguyen Timothy

(Last) (First) (Middle)

C/O MERIDIANLINK, INC.

1 VENTURE, SUITE 235

(Street)

IRVINE CA 92618

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MeridianLink, Inc. [ MLNK ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/24/2025

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, par value $0.001	10/24/2025		J		2,000,000	D	(1)	8,612,415	I	See Footnote(4)
Common Stock, par value $0.001	10/24/2025		D(2)		8,612,415	D	(3)	0	I	See Footnote(4)
Common Stock, par value $0.001	10/24/2025		D(2)		814,526	D	(3)	0	I	See Footnote(5)

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:

1. Pursuant to rollover agreements entered into by certain officers of the Issuer, including the Reporting Person, ML New Topco, L.P. ("Partnership") and ML Topco, Inc. ("Topco"), the Reporting Person contributed, transferred and assigned to Topco certain shares of Issuer's Common Stock, par value $0.001 per share (the "Issuer Common Stock") in exchange for newly issued shares of Topco ("Topco Shares"), and immediately thereafter contributed such Topco Shares to Partnership in exchange for newly issued units of Partnership, in accordance with the terms of the rollover agreements.

2. This Form 4 reports securities disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated August 11, 2025, by and among the Issuer, ML Holdco, LLC, a Delaware limited liability company ("Parent"), and ML Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of ML Holdco ("Merger Sub"). On October 24, 2025 (the "Effective Time"), Merger Sub merged with and into the Issuer, with the Issuer surviving the merger as a wholly-owned subsidiary of Parent.

3. Pursuant to the terms of the Merger Agreement, at the Effective Time, each outstanding share of Issuer Common Stock was automatically cancelled and converted into the right to receive $20.00 in cash, without interest (the "Merger Consideration"), less any applicable withholding taxes.

4. The shares are held directly by SCML, LLC. The members of SCML, LLC are Apichat Treerojporn as trustee of various family trusts held for the benefit of Timothy Nguyen's family, and Timothy Nguyen may be deemed to be the beneficial owner of the securities held by SCML, LLC. Apichat Treerojporn is the sole manager of SCML, LLC, and has sole voting and dispositive powers with respect to all securities held by SCML, LLC.

5. The shares are held directly by KCD30, LLC. Timothy Nguyen is the sole manager of KCD30, LLC and has sole voting and dispositive power with respect to all securities held by such entity.

	/s/ Kayla Dailey, Attorney-in-Fact	10/24/2025
	** Signature of Reporting Person	Date
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FAQ

What did MLNK shares convert into at closing?

Each outstanding share of MeridianLink Common Stock converted into the right to receive $20.00 in cash, without interest, less applicable withholding taxes.

What date did the merger take effect for MLNK?

The merger became effective on October 24, 2025, when the issuer became a wholly owned subsidiary of ML Holdco, LLC.

What is the 2,000,000-share transaction noted in the Form 4?

It reflects a rollover where shares were contributed to Topco and then to ML New Topco, L.P., in exchange for newly issued interests, per the rollover agreements.

Which entities held the insider’s indirect MLNK shares?

Footnotes identify SCML, LLC and KCD30, LLC, with management and voting/dispositive control described for each entity.

Was a price disclosed for the merger consideration?

Yes. The merger consideration was $20.00 in cash per share of Common Stock, without interest.