Meridian (MRDN) ex-COO Feng Weiting gains 3,125 shares as RSUs vest

Q: What insider transaction did Feng Weiting report at Meridian Holdings (MRDN)?

Feng Weiting reported the vesting and settlement of 3,125 restricted stock units into common shares, not a market sale or purchase. The vesting increased her direct holdings to 237,810 shares of Meridian common stock , reflecting compensation tied to company performance targets.

Q: How many Meridian (MRDN) shares does Feng Weiting hold after this Form 4?

After this Form 4 transaction, Feng Weiting directly holds 237,810 shares of Meridian common stock . These holdings include 3,125 newly issued shares that resulted from the vesting and settlement of performance-based restricted stock units granted as part of her equity compensation.

Q: What triggered the restricted stock unit vesting for Meridian (MRDN) in this filing?

The vesting was triggered when Meridian met a specified revenue target as of the end of fiscal 2025 . Upon that performance condition being satisfied, 3,125 restricted stock units vested and were settled in shares of common stock according to the company’s incentive plan terms.

Q: How do Meridian (MRDN) restricted stock units in this filing convert into shares?

Each restricted stock unit in this filing represents the right to receive one share of common stock at settlement. When vesting conditions are satisfied, the RSUs convert into an equal number of Meridian common shares ; if conditions are not met, the units are canceled instead.

Q: What performance targets affect Meridian (MRDN) RSU vesting for Feng Weiting?

The RSUs are tied to Meridian achieving revenue and Adjusted EBITDA targets based on 2024 results multiplied by 1.1 and 1.2 . Different quarters of the RSU grant vest upon meeting each performance threshold, subject to continued service and public disclosure in a Form 10‑K.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Meridian Holdings Inc./NV former COO Feng Weiting reported an equity award vesting rather than an open‑market trade. She acquired 3,125 shares of common stock through the vesting and settlement of restricted stock units, bringing her direct holdings to 237,810 shares.

The vested RSUs were tied to Meridian meeting a revenue target as of the end of fiscal 2025, with each RSU converting into one share of common stock. The RSUs were granted under the company’s 2023 Equity Incentive Plan and vest based on both revenue and Adjusted EBITDA performance hurdles, or are canceled if those conditions are not met.

Insider Trade Summary

6,250 shares exercised/converted

Mixed 2 txns

Insider Feng Weiting

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	6,250	$0.00	--
Exercise	Common Stock	3,125	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 237,810 shares (Direct, null)

Footnotes (1)

Represents the vesting of 3,125 restricted stock units (RSUs) upon the Issuer meeting a revenue target as of the end of fiscal 2025, which were settled in shares of common stock. Each RSU represents the contingent right to receive, at settlement, one share of common stock. The RSUs vest, if at all, upon the Issuer meeting certain (1) revenue (2024 revenue x 1.1 and 2024 revenue x 1.2)(1/4 of the RSUs each) and (2) Adjusted EBITDA (AEBITDA) (2024 AEBITDA x 1.1 and 2024 AEBITDA x 1.2)(1/4 of the RSUs each) targets, as of the end of fiscal 2025, and upon the public disclosure of such operating results in the Issuer's subsequently filed Annual Report on Form 10-K, subject to the reporting person's continued service through the applicable vesting date. Restricted stock units do not expire; they either vest or are canceled prior to the vesting date. Issued under the Issuer's 2023 Equity Incentive Plan.

Key Figures

Shares acquired via RSU vesting: 3,125 shares Post-transaction holdings: 237,810 shares RSUs covered in derivative entry: 6,250 RSUs +2 more

5 metrics

Shares acquired via RSU vesting 3,125 shares Common stock issued upon RSU vesting tied to fiscal 2025 revenue target

Post-transaction holdings 237,810 shares Direct Meridian common stock held by Feng Weiting after the Form 4 transaction

RSUs covered in derivative entry 6,250 RSUs Restricted Stock Units with each RSU representing one underlying share of common stock

Revenue performance multipliers 1.1x and 1.2x 2024 revenue Revenue targets determining vesting of portions of the RSU grant as of fiscal 2025

Adjusted EBITDA multipliers 1.1x and 1.2x 2024 AEBITDA Adjusted EBITDA targets governing vesting of remaining RSU portions under the plan

Key Terms

Restricted Stock Units, Adjusted EBITDA (AEBITDA), 2023 Equity Incentive Plan, Annual Report on Form 10-K, +1 more

5 terms

Restricted Stock Units financial

"Represents the vesting of 3,125 restricted stock units (RSUs) upon the Issuer meeting a revenue target"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Adjusted EBITDA (AEBITDA) financial

"Adjusted EBITDA (AEBITDA) (2024 AEBITDA x 1.1 and 2024 AEBITDA x 1.2)(1/4 of the RSUs each) targets"

2023 Equity Incentive Plan financial

"Restricted stock units do not expire; they either vest or are canceled prior to the vesting date. Issued under the Issuer's 2023 Equity Incentive Plan."

Annual Report on Form 10-K regulatory

"upon the public disclosure of such operating results in the Issuer's subsequently filed Annual Report on Form 10-K"

An annual report on Form 10‑K is a required, comprehensive filing that publicly traded companies give to regulators and investors summarizing their business, results of operations, detailed financial statements reviewed by independent auditors, material risks, legal issues and management’s discussion of performance. Investors use it like a company’s year‑end report card and medical checkup: it reveals how the business made money, where it is vulnerable, and the facts needed to compare value, judge risk and make informed investment decisions.

revenue target financial

"vesting of 3,125 restricted stock units (RSUs) upon the Issuer meeting a revenue target as of the end of fiscal 2025"

Form 4 Insider Transactions: What Each Field Means →

04/30/2026 - 07:01 PM

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^*

Feng Weiting

(Last)

(First)

(Middle)

3651 LINDELL RD STE D131

(Street)

LAS VEGAS

NEVADA

89103

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Meridian Holdings Inc./NV [ MRDN ]

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

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Former Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/14/2026		M		3,125⁽¹⁾	A	⁽²⁾	237,810	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽²⁾	04/14/2026		M			6,250	⁽³⁾	⁽³⁾	Common Stock	6,250	$0	0	D

Explanation of Responses:

1. Represents the vesting of 3,125 restricted stock units (RSUs) upon the Issuer meeting a revenue target as of the end of fiscal 2025, which were settled in shares of common stock.

2. Each RSU represents the contingent right to receive, at settlement, one share of common stock.

3. The RSUs vest, if at all, upon the Issuer meeting certain (1) revenue (2024 revenue x 1.1 and 2024 revenue x 1.2)(1/4 of the RSUs each) and (2) Adjusted EBITDA (AEBITDA) (2024 AEBITDA x 1.1 and 2024 AEBITDA x 1.2)(1/4 of the RSUs each) targets, as of the end of fiscal 2025, and upon the public disclosure of such operating results in the Issuer's subsequently filed Annual Report on Form 10-K, subject to the reporting person's continued service through the applicable vesting date. Restricted stock units do not expire; they either vest or are canceled prior to the vesting date. Issued under the Issuer's 2023 Equity Incentive Plan.

	/s/ Weiting Feng	04/30/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Feng Weiting report at Meridian Holdings (MRDN)?

Feng Weiting reported the vesting and settlement of 3,125 restricted stock units into common shares, not a market sale or purchase. The vesting increased her direct holdings to 237,810 shares of Meridian common stock, reflecting compensation tied to company performance targets.

How many Meridian (MRDN) shares does Feng Weiting hold after this Form 4?

After this Form 4 transaction, Feng Weiting directly holds 237,810 shares of Meridian common stock. These holdings include 3,125 newly issued shares that resulted from the vesting and settlement of performance-based restricted stock units granted as part of her equity compensation.

What triggered the restricted stock unit vesting for Meridian (MRDN) in this filing?

The vesting was triggered when Meridian met a specified revenue target as of the end of fiscal 2025. Upon that performance condition being satisfied, 3,125 restricted stock units vested and were settled in shares of common stock according to the company’s incentive plan terms.

How do Meridian (MRDN) restricted stock units in this filing convert into shares?

Each restricted stock unit in this filing represents the right to receive one share of common stock at settlement. When vesting conditions are satisfied, the RSUs convert into an equal number of Meridian common shares; if conditions are not met, the units are canceled instead.

What performance targets affect Meridian (MRDN) RSU vesting for Feng Weiting?

The RSUs are tied to Meridian achieving revenue and Adjusted EBITDA targets based on 2024 results multiplied by 1.1 and 1.2. Different quarters of the RSU grant vest upon meeting each performance threshold, subject to continued service and public disclosure in a Form 10‑K.