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Meridian Corp director exercises options, boosts stake to 51k shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Meridian Corp (MRBK) – Form 4 insider filing: Director Edward J. Hollin exercised three tranches of employee stock options on 08/01/2025, acquiring a total of 400 common shares.

  • Strike prices: 100 shares at $10.44, 200 shares at $9.00, and 100 shares at $6.74.
  • All transactions coded “M” (option exercise), with no accompanying share sales.
  • Post-exercise, Hollin’s direct ownership increased to 51,026 common shares.
  • The related option positions are now fully depleted (0 remaining) and had original grant dates of 02/05/2020, 11/04/2020, and 04/02/2020, each expiring in 2030.
  • Option share quantities reflect Meridian’s 2-for-1 split on 02/28/2023.

No cash proceeds, sales, or new derivative awards were disclosed. Given the small size relative to Meridian’s float, the transaction appears routine and is unlikely to materially affect valuation or control.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine 400-share option exercise by director; negligible signaling value for MRBK.

The filing shows Edward Hollin converting vested options into 400 shares, raising his stake to 51,026 shares. Exercise prices sit below recent market levels, indicating in-the-money execution but no open-market purchase. Because no shares were sold and the quantities are immaterial versus Meridian’s approximately 5 million-share float, the move is best viewed as routine compensation monetization rather than a bullish signal. All underlying options are now exhausted, modestly reducing potential dilution. Overall impact on governance or share supply is de minimis.

Insider Hollin Edward J.
Role Director
Type Security Shares Price Value
Exercise Stock Options 100 $10.44 $1K
Exercise Stock Options 200 $9.00 $2K
Exercise Stock Options 100 $6.74 $674.00
Exercise COMMON STOCK 100 $10.44 $1K
Exercise COMMON STOCK 200 $9.00 $2K
Exercise COMMON STOCK 100 $6.74 $674.00
Holdings After Transaction: Stock Options — 0 shares (Direct); COMMON STOCK — 50,726 shares (Direct)
Footnotes (1)
  1. Adjusted for 2/28/2023 two-for-one stock split 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.
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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*
Hollin Edward J.
(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)
08/01/2025
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 08/01/2025 M 100 A $10.44 50,726 D
COMMON STOCK 08/01/2025 M 200 A $9 50,926 D
COMMON STOCK 08/01/2025 M 100 A $6.74 51,026 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 $10.44(1) 08/01/2025 M 100 02/05/2020(2) 02/05/2030 COMMON STOCK 100(1) $10.44 0(1) D
Stock Options $9(1) 08/01/2025 M 200 11/04/2020(2) 11/04/2030 COMMON STOCK 200(1) $9 0(1) D
Stock Options $6.74(1) 08/01/2025 M 100 04/02/2020(2) 04/02/2030 COMMON STOCK 100(1) $6.74 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 08/05/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many Meridian (MRBK) shares did Director Edward J. Hollin acquire on 08/01/2025?

He obtained 400 common shares through option exercises.

What is Hollin’s total MRBK ownership after the reported transactions?

His direct holdings increased to 51,026 shares.

At what prices were the stock options exercised?

Strike prices were $10.44, $9.00, and $6.74.

Did the filing report any sale of MRBK shares?

No. All transactions were coded “M,” indicating exercises only with no sales.

When do the exercised options expire?

The options expire on 02/05/2030, 11/04/2030, and 04/02/2030.

Does Hollin still hold derivative securities after these transactions?

No. The filing lists 0 remaining options related to these grants.