MLNK insider filing notes $20.00 cash-out and RSU cash conversion

Rhea-AI Filing Summary

MeridianLink, Inc. (MLNK) disclosed an insider Form 4 for its CEO and President, reporting merger-related transactions effective on October 24, 2025. At the Effective Time, ML Merger Sub, Inc. merged with MeridianLink, which now operates as a wholly owned subsidiary of ML Holdco, Inc.

Each outstanding share of MeridianLink common stock was cancelled and converted into the right to receive $20.00 in cash, without interest. In addition, 1,032,689 unvested RSUs held by the reporting person were cancelled and converted into cash-based replacement awards equal to the per‑share cash consideration multiplied by the number of underlying shares. These cash replacement amounts will vest and be paid on the original RSU schedule, subject to continued service with the new parent or its subsidiaries.

Insights

Equity compensation and M&A specialist

Cash-out merger at $20.00 per share; RSUs roll to cash awards.

The filing records a standard cash-out merger: all MeridianLink common shares were converted into a right to receive $20.00 per share at the Effective Time on October 24, 2025. Post-merger, the issuer is a wholly owned subsidiary of ML Holdco, Inc., consistent with a typical take-private structure.

Equity awards were treated as cash-based replacements. Specifically, 1,032,689 unvested RSUs were cancelled and exchanged for cash entitlements equal to the merger consideration times the underlying shares. Those amounts will vest on the original timetable, conditioned on continued service with the parent organization.

From an investor mechanics standpoint, this reflects common M&A equity treatment: shares receive fixed cash consideration, and unvested RSUs convert to time-vested cash claims. Actual outcomes hinge on continued service for vesting; the filing does not discuss other award types.

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^*

KATZ LAURENCE E

(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
X	Officer (give title below)		Other (specify below)
	CEO and President

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		D(1)		1,251,172(2)(3)	D	(4)	0	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:

1. 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.

2. Includes 1,032,689 unvested and outstanding restricted stock units subject to time-based vesting conditions (the "RSUs"). Each RSU represents the contingent right to receive one share of Issuer's Common Stock, par value $0.001 per share (the "Issuer Common Stock") upon vesting and settlement. Pursuant to the terms of the Merger Agreement at the Effective Time, each outstanding RSU was cancelled and extinguished and converted into a contingent right to receive solely an amount in cash (without interest and subject to any applicable withholding or other taxes) equal to the product of (i) the Merger Consideration (as defined below) payable with respect to such RSU multiplied by (ii) the aggregate number of shares of Issuer Common Stock subject to such RSU immediately prior to the Effective Time (the "Cash Replacement RSU Amounts").

3. The Cash Replacement RSU Amounts will, subject to the Reporting Person's continued service with Parent or its subsidiaries through the applicable vesting dates, vest and be payable at the same time as the RSUs for which the Cash Replacement RSU Amounts were exchanged would have vested pursuant to their terms.

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.

	/s/ Kayla Dailey, Attorney-in-Fact	10/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did MeridianLink (MLNK) report in this Form 4?

An insider transaction tied to a merger effective on October 24, 2025, reflecting cash-out of common shares and conversion of RSUs to cash awards.

What was the per-share cash consideration in the merger for MLNK?

Each outstanding common share was converted into the right to receive $20.00 in cash, without interest.

How were the CEO’s RSUs treated in the transaction?

1,032,689 unvested RSUs were cancelled and converted into cash replacement amounts equal to the merger consideration times the underlying shares.

Do the cash replacement RSU amounts vest immediately?

No. They vest and pay on the original RSU schedule, subject to continued service with the parent or its subsidiaries.

Who acquired MeridianLink in this merger structure?

ML Merger Sub, Inc. merged with MeridianLink, and the company now survives as a wholly owned subsidiary of ML Holdco, Inc..

What roles does the reporting person hold at MLNK?

The reporting person is a Director and an Officer (CEO and President).