[Form 4] Meridian Corporation Insider Trading Activity

Rhea-AI Filing Summary

Collier George C. III, a Meridian Corp (MRBK) director, reported an insider transaction dated 08/07/2025. The Form 4 shows an acquisition of 10,500 shares of common stock at $7.62 per share, and the report lists 66,036 shares as beneficially owned following the transaction. The filing records the acquisition as associated with stock options and includes related derivative details.

The derivative section shows the exercised options had an exercise price of $7.62, were exercisable from 06/15/2016, and expire on 06/15/2026. The filing includes a note adjusting for a 2/28/2023 two-for-one stock split and describes the options' vesting schedule. The Form 4 was signed by a power of attorney on 08/08/2025.

Positive

• Acquisition disclosed: 10,500 common shares acquired at $7.62 on 08/07/2025
• Increased ownership: Beneficial ownership reported as 66,036 shares following the transaction
• Full derivative detail provided: exercise price, exercisable date (06/15/2016), expiration (06/15/2026), vesting schedule, and split adjustment are disclosed

Negative

• None.

Insights

Securities Analyst

TL;DR: Director exercised options and acquired 10,500 shares at $7.62, increasing reported beneficial ownership to 66,036 shares.

The Form 4 documents a routine insider exercise and subsequent acquisition dated 08/07/2025. Acquisition of 10,500 common shares at $7.62 per share appears to have resulted from option conversion (code M). The filing clearly states the exercised options carried a $7.62 strike, were exercisable as of 06/15/2016, and expire 06/15/2026. The filing also notes a 2/28/2023 two-for-one split and the options' vesting cadence. For investors, this is a clear disclosure of ownership change without other operational or financial detail.

Corporate Governance Expert

TL;DR: Transaction is a documented director option exercise and share acquisition with vesting and split adjustments disclosed.

The submission provides appropriate governance disclosure: relationship to issuer (Director), transaction date (08/07/2025), and POA signature (08/08/2025). The derivative table shows 10,500 options converted into common shares and reports zero remaining derivative securities after the transaction. The explanatory footnote clarifies post-split share counts and the multi-stage vesting schedule. This Form 4 meets standard Section 16 reporting requirements and does not include additional governance anomalies.

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^*

Collier George C. III

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

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	08/07/2025		M		10,500	A	$7.62	66,036	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
Stock Options	$7.62(1)	08/07/2025		M			10,500	06/15/2016(2)	06/15/2026	COMMON STOCK	10,500(1)	$7.62	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 insider transaction did Collier (MRBK) report on 08/07/2025?

The Form 4 reports that Collier George C. III acquired 10,500 common shares on 08/07/2025, coded as an option-related transaction.

At what price were the MRBK shares acquired by the director?

The reported acquisition price was $7.62 per share.

How many MRBK shares does Collier beneficially own after the transaction?

The filing lists 66,036 shares as beneficially owned following the 08/07/2025 transaction.

What derivative details are disclosed in the Form 4 for MRBK?

The Form 4 shows 10,500 stock options with an exercise price of $7.62, exercisable from 06/15/2016 and expiring 06/15/2026, and reports 0 derivative securities remaining after the transaction.

Was there any corporate action affecting share counts noted in the filing?

Yes. The filing includes an explanatory note that figures were adjusted for a 2/28/2023 two-for-one stock split.

Who signed the Form 4 filing for Collier?

The filing was signed /s/ Gregory Gaughan, By Power of Attorney on 08/08/2025.