MLNK insider filing details $20 cash-out, option and RSU treatment

Rhea-AI Filing Summary

MeridianLink (MLNK) reported an insider Form 4 reflecting equity transactions at the closing of its merger on 10/24/2025. Under the agreement, each outstanding share of MeridianLink common stock was cancelled and converted into the right to receive $20.00 in cash, without interest and less applicable taxes, other than shares rolled over by certain officers.

The filing notes a rollover in which specified shares were exchanged for Topco shares and then for partnership units. It also details award treatment: in‑the‑money stock options were cancelled for a cash amount equal to the $20.00 consideration minus the option exercise price times underlying shares, while out‑of‑the‑money options were cancelled for no consideration. Unvested RSUs were cancelled and converted into a contingent cash right tied to the $20.00 per share amount, payable on December 31, 2025 subject to transition services.

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M&A and Equity Compensation Analyst

Administrative Form 4 confirming $20/share cash-out and award treatment.

This Form 4 records insider equity disposition mechanics at the merger effective time. Common shares convert to a fixed cash amount of $20.00 per share. A portion of insider holdings was rolled into the new ownership structure via Topco and a partnership, consistent with rollover agreements.

Equity awards follow standard go-private terms: in-the-money options are cancelled for a cash spread; out-of-the-money options are cancelled with no payment. RSUs convert into a contingent cash right payable on December 31, 2025, conditioned on providing transition services. Actual investor impact stems from the merger cash consideration; this filing itself is mainly a compliance record.

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^*

Vlok Nicolaas

(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)

X	Director		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		100,000	D	(1)	1,035,477	D
Common Stock, par value $0.001	10/24/2025		D(2)		1,035,477(3)	D	(4)	0	D
Common Stock, par value $0.001	10/24/2025		D(2)		29,810	D	(4)	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
Stock Option (Right to Buy)	$6.0606	10/24/2025		D(2)			1,835,323	(6)	10/09/2029	Common Stock, par value $0.001	1,835,323	$0	0	D
Stock Option (Right to Buy)	$16.61	10/24/2025		D(2)			189,697	(6)	07/26/2031	Common Stock, par value $0.001	213,462	$0	0	D
Stock Option (Right to Buy)	$26	10/24/2025		D(2)			213,462	(7)	05/01/2032	Common Stock, par value $0.001	189,697	$0	0	D

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 (the "Rollover Shares").

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, Inc. (as successor in interest to ML Holdco, LLC), a Delaware corporation ("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. Includes unvested Issuer restricted stock units ("RSUs") that were cancelled and extinguished and converted into a contingent right to receive solely an amount in cash equal to the product of the Merger Consideration (as defined below) multiplied by the number of shares underlying the RSUs which shall vest and become payable on December 31, 2025, subject to the provision of certain transition services by the Reporting Person.

4. 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 other than the Rollover Shares.

5. The shares are held directly by the Vlok Family Trust, dated March 17, 2009. The reporting person and his spouse are the co-trustees of the Vlok Family Trust, dated March 17, 2009 and share sole voting and dispositive power with respect to all securities held by such entity. The reporting person may be deemed to be the beneficial owner of the securities held by the Vlok Family Trust, dated March 17, 2009.

6. Pursuant to the terms of the Merger Agreement, each outstanding stock option to purchase shares of Issuer Common Stock having a per share exercise price that was less than the Merger Consideration (each an "In-the-Money Company Stock Option") became fully vested and was automatically cancelled and converted into the right to receive solely an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of (i) the excess, if any, of the Merger Consideration over the per share exercise price of such In-the-Money Company Stock Option and (ii) the aggregate number of shares of Issuer Common Stock underlying such In-the-Money Company Stock Option immediately prior to the Effective Time.

7. Each Issuer stock option, whether vested or unvested, that is outstanding and unexercised as of immediately prior to the effective time and has a per share exercise price that is equal to or greater than the Merger Consideration was cancelled as of the effective time for no consideration.

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

What did MeridianLink (MLNK) shareholders receive in the merger?

Each outstanding share was converted into the right to receive $20.00 in cash, without interest and less applicable taxes.

How were MeridianLink (MLNK) stock options treated at closing?

In‑the‑money options were cancelled for a cash amount equal to $20.00 minus the exercise price times the underlying shares; out‑of‑the‑money options were cancelled for no consideration.

What happened to MeridianLink (MLNK) RSUs at closing?

Unvested RSUs were cancelled and converted into a contingent right to cash based on $20.00 per share, payable on December 31, 2025 subject to transition services.

Did any MeridianLink (MLNK) shares roll over instead of being cashed out?

Yes. Certain officer shares were rolled into Topco and then into a partnership pursuant to rollover agreements.

What is the effective date of the MeridianLink (MLNK) merger?

The merger became effective on 10/24/2025.

Who held some shares indirectly in this Form 4?

Shares were held by the Vlok Family Trust, for which the reporting person and spouse are co‑trustees.