Meridian Corp (MRBK) EVP exercises 4,000 options, holds 20,970 shares

Rhea-AI Filing Summary

Meridian Corp EVP Martindell Clarence Addis exercised employee stock options and increased his common stock holdings. On March 13, 2026, he exercised options for 4,000 shares of common stock at $9.50 per share, leaving him with 20,970 common shares held directly after the transaction.

Earlier, on November 17, 2025, he received a grant of 12,000 employee stock options with an exercise price of $14.43 and an expiration date of November 17, 2035. The options vest 25% on the grant date and then in three equal annual installments beginning on the one-year anniversary of each grant.

Insider Trade Summary

4,000 shares exercised/converted

Mixed 3 txns

Insider Martindell Clarence Addis

Role EVP

Type	Security	Shares	Price	Value
Exercise	EMPLOYEE STOCK OPTION	4,000	$0.00	--
Exercise	COMMON STOCK	4,000	$9.50	$38K
Grant/Award	EMPLOYEE STOCK OPTION	12,000	$0.00	--

Holdings After Transaction: EMPLOYEE STOCK OPTION — 0 shares (Direct); COMMON STOCK — 20,970 shares (Direct)

Footnotes (1)

1. The filing of this Form 4 was delayed due to a delay in applying for and receiving the CIK for the reporting entity. The options vest 25% at the date of each grant and then in three equal annual installments beginning on the 1 year anniversary of each grant. Adjusted for 2/28/2023 two-for-one stock split

Key Figures

Options exercised: 4,000 shares Exercise price: $9.50 per share Shares held after exercise: 20,970 shares +3 more

6 metrics

Options exercised 4,000 shares Employee stock options exercised into common stock on March 13, 2026

Exercise price $9.50 per share Price for 4,000 options exercised into Meridian common stock

Shares held after exercise 20,970 shares Direct Meridian common stock holdings after March 13, 2026 transactions

Options granted 12,000 options Employee stock option grant on November 17, 2025

Grant exercise price $14.43 per share Exercise price for 12,000 employee stock options granted in 2025

Option expiration November 17, 2035 Expiration date of the 12,000-option grant to Addis

Key Terms

Employee stock option, Exercise or conversion of derivative security, Grant, award, or other acquisition, Two-for-one stock split, +1 more

5 terms

Employee stock option financial

"EMPLOYEE STOCK OPTION"

An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.

Exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Two-for-one stock split financial

"Adjusted for 2/28/2023 two-for-one stock split"

Vesting financial

"The options vest 25% at the date of each grant and then in three equal annual installments"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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^*

Martindell Clarence Addis

(Last) (First) (Middle)

9 OLD LINCOLN HIGHWAY

(Street)

MALVERN PENNSYLVANIA 19355

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Meridian Corp [ MRBK ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

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

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

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

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	03/13/2026		M		4,000	A	$9.5	20,970	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
EMPLOYEE STOCK OPTION	$14.43	11/17/2025		A		12,000(1)		11/17/2025(2)	11/17/2035	COMMON STOCK	12,000	$0	12,000	D
EMPLOYEE STOCK OPTION	$9.5(3)	03/13/2026		M			4,000(1)	05/08/2017(2)	05/08/2027	COMMON STOCK	4,000(3)	$0	0(3)	D

Explanation of Responses:

1. The filing of this Form 4 was delayed due to a delay in applying for and receiving the CIK for the reporting entity.

2. The options vest 25% at the date of each grant and then in three equal annual installments beginning on the 1 year anniversary of each grant.

3. Adjusted for 2/28/2023 two-for-one stock split

Remarks:

	/s/ Gregory Gaughan, By Power of Attorney	04/03/2026
	** 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 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Meridian Corp (MRBK) report for Martindell Clarence Addis?

Meridian Corp reported that EVP Martindell Clarence Addis exercised options for 4,000 common shares at $9.50 and received a prior grant of 12,000 employee stock options at $14.43. These transactions reflect routine compensation-related activity, not open-market buying or selling.

How many Meridian Corp (MRBK) shares does Martindell Clarence Addis hold after the reported Form 4?

After the March 13, 2026 transactions, Martindell Clarence Addis directly holds 20,970 shares of Meridian Corp common stock. This figure reflects his position following the 4,000-share option exercise that converted employee stock options into common shares at a $9.50 exercise price.

What are the key terms of the 12,000 Meridian Corp (MRBK) stock options granted to Addis?

Addis received 12,000 employee stock options on November 17, 2025, with a $14.43 exercise price and a November 17, 2035 expiration date. The grant vests 25% on the grant date and then in three equal annual installments starting one year after each grant date.

Were the Meridian Corp (MRBK) Form 4 transactions open-market purchases or sales?

The reported transactions are not open-market trades. They reflect an option exercise converting 4,000 employee stock options into common shares and a prior option grant of 12,000 options as compensation, both classified as acquisitions rather than market purchases or sales.

Why was the Meridian Corp (MRBK) Form 4 filing by Martindell Clarence Addis delayed?

The Form 4 filing was delayed because of a hold-up in applying for and receiving the CIK for the reporting entity. A footnote explicitly states that this administrative delay caused the late submission, rather than any change in the underlying transaction details.