Form 4: MRCY director awarded 487 DSUs at $0 price

Rhea-AI Filing Summary

Mercury Systems (MRCY) disclosed that a director reported receiving 487 deferred stock units (DSUs) on 10/16/2025 in lieu of a quarterly cash retainer, at a stated price of $0. These DSUs were fully vested upon grant and convert into common stock when the director ceases board service.

Following the reported transaction, the director’s beneficial ownership was 28,243 shares held directly, plus 3,500 shares held indirectly by a spouse.

Insider Trade Summary

Net Buyer: 487 shares

Net Buy 2 txns

Insider Nearhos Barry R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	487	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 28,243 shares (Direct); Common Stock — 3,500 shares (Indirect, By Spouse)

Footnotes (1)

1. F1. Represents deferred stock units (DSUs) issued in lieu of a quarterly cash retainer payment for service as a director. These DSUs were fully vested upon grant, but do not convert into shares of common stock until the date on which the reporting person ceases to be a member of our Board of Directors.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 10/20/2025 - 04:39 PM Learn about SEC filing dates

FAQ

What did Mercury Systems (MRCY) disclose on this Form 4?

A director reported acquiring 487 DSUs on 10/16/2025 as board compensation at a stated price of $0.

How many shares does the reporting person beneficially own after the transaction?

The filing shows 28,243 shares held directly and 3,500 shares held indirectly by a spouse.

What are the terms of the DSUs reported by the MRCY director?

They were fully vested upon grant and will convert into common stock when the director leaves the board.

Was cash paid for the DSUs?

No. The DSUs were issued at a stated price of $0 in lieu of a quarterly cash retainer.

Is any indirect ownership disclosed?

Yes. The filing lists 3,500 shares held indirectly, noted as By Spouse.

What security type was involved in the transaction?

Non-derivative common stock underlying deferred stock units (DSUs) granted for director service.

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^*

Nearhos Barry R

(Last) (First) (Middle)

50 MINUTEMAN ROAD

(Street)

ANDOVER MA 01810

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MERCURY SYSTEMS INC [ MRCY ]

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)
10/16/2025

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	10/16/2025		A		487(1)	A	$0	28,243	D
Common Stock								3,500	I	By Spouse

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. Represents deferred stock units (DSUs) issued in lieu of a quarterly cash retainer payment for service as a director. These DSUs were fully vested upon grant, but do not convert into shares of common stock until the date on which the reporting person ceases to be a member of our Board of Directors.

	/s/ Douglas Munro, attorney-in-fact	10/20/2025
	** 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.