[Form 4] Meridian Corporation Insider Trading Activity

Rhea-AI Filing Summary

Lindsay Denise, EVP and Chief Financial Officer and a director of Meridian Corporation (MRBK), exercised employee stock options on 08/08/2025. She exercised 5,000 options at an exercise price of $8.50 per share, resulting in the acquisition of 5,000 common shares and increasing her direct beneficial ownership to 93,600 shares. The derivative holdings tied to those options are reported as 0 following the transaction. The filing notes the options and share counts were adjusted for a two-for-one stock split on 02/28/2023, and describes the original vesting schedule: 25% at grant date with the remainder vesting in three equal annual installments beginning one year after each grant. The report was submitted on a Form 4 and is an insider transaction disclosure.

Positive

• Exercised 5,000 employee stock options at $8.50 per share on 08/08/2025
• Direct beneficial ownership increased to 93,600 shares following the transaction

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine option exercise by Meridian CFO; increases direct share ownership to 93,600 shares.

This Form 4 discloses a standard exercise of employee stock options by an executive who is also a director. The filing shows 5,000 options exercised at $8.50 per share on 08/08/2025, resulting in 5,000 common shares acquired and direct holdings of 93,600 shares post-transaction. Derivative holdings tied to these options are reported as zero after the exercise. This is a typical equity compensation event and does not, by itself, indicate a change in company operations or financial condition.

Corporate Governance Expert

TL;DR: Insider exercise aligns executive compensation into direct equity; disclosure follows Section 16 reporting requirements.

The report identifies Lindsay Denise as both an officer (EVP, CFO) and a director, and documents the conversion of employee stock options into common shares. The filing includes explicit vesting terms and a note that share figures were adjusted for a 2/28/2023 two-for-one split, supporting transparent disclosure. As filed on Form 4, this satisfies insider transaction reporting obligations; the disclosure itself is procedural and routine absent additional context.

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^*

Lindsay Denise

(Last) (First) (Middle)

9 OLD LINCOLN HIGHWAY

(Street)

MALVERN PA 19355

(City) (State) (Zip)

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

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

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

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		M		5,000	A	$8.5	93,600	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	$8.5(1)	08/08/2025		M			5,000	06/03/2019(2)	06/03/2029	COMMON STOCK	5,000(1)	$8.5	0(1)	D

Explanation of Responses:

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

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.

Remarks:

	/s/ Gregory Gaughan, By Power of Attorney	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 MRBK insider Lindsay Denise report on Form 4?

The Form 4 reports that Lindsay Denise exercised 5,000 employee stock options at an exercise price of $8.50 per share on 08/08/2025.

How many shares does Lindsay Denise own after the reported transaction (MRBK)?

Following the reported transaction, she beneficially owns 93,600 shares directly.

Were any derivative securities remaining after the exercise?

The filing reports 0 derivative securities beneficially owned following the reported transactions tied to these options.

Was there any adjustment to option/share counts in the filing?

Yes; the filing states figures were adjusted for a two-for-one stock split on 02/28/2023.

What vesting schedule is described for the options?

The filing explains the options vest 25% at grant date and then in three equal annual installments beginning one year after each grant.