Meridian (MRDN) CFO gains 4,687 shares as RSUs vest on targets

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Christensen Richard reported acquisition or exercise transactions in this Form 4 filing.

Meridian Holdings Inc./NV CFO Richard Christensen reported the vesting of 4,687 restricted stock units (RSUs), which were settled in shares of common stock. Following this compensation-related vesting, he directly holds 17,187 shares of common stock.

Each RSU represents a right to receive one share of common stock at settlement. Footnotes describe additional RSUs that may vest based on the issuer meeting specified revenue and Adjusted EBITDA targets as of the end of fiscal 2025, as well as continued service-based vesting through March 15, 2026.

Insider Trade Summary

6,250 shares exercised/converted

Mixed 2 txns

Insider Christensen Richard

Role CFO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	6,250	$0.00	--
Exercise	Common Stock	4,687	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 17,187 shares (Direct, null)

Footnotes (1)

Represents the vesting of 4,687 restricted stock units (RSUs) upon the Issuer meeting a revenue target as of the end of fiscal 2025. Each RSU represents the contingent right to receive, at settlement, one share of common stock, which were settled in shares of common stock. Half of the RSUs vest, if at all, upon the Issuer meeting certain (1) revenue (2024 revenue x 1.1 (781 RSUs) and 2024 revenue x 1.2 (1,563 RSUs)) and (2) Adjusted EBITDA (AEBITDA) (2024 AEBITDA x 1.1 (781 RSUs) and 2024 AEBITDA x 1.2 (1,563 RSUs)) 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. Half of the RSUs vest, if the reporting person continued service on March 15, 2026.

Key Figures

RSUs vested: 4,687 RSUs Shares after transaction: 17,187 shares RSUs tied to 2024 revenue x 1.1: 781 RSUs +3 more

6 metrics

RSUs vested 4,687 RSUs Vested upon issuer meeting a revenue target as of end of fiscal 2025

Shares after transaction 17,187 shares Common stock directly held by CFO following RSU vesting

RSUs tied to 2024 revenue x 1.1 781 RSUs Vest only if 2024 revenue reaches 1.1x level by fiscal 2025

RSUs tied to 2024 revenue x 1.2 1,563 RSUs Vest only if 2024 revenue reaches 1.2x level by fiscal 2025

RSUs tied to 2024 AEBITDA x 1.1 781 RSUs Vest only if 2024 Adjusted EBITDA reaches 1.1x level by fiscal 2025

RSUs tied to 2024 AEBITDA x 1.2 1,563 RSUs Vest only if 2024 Adjusted EBITDA reaches 1.2x level by fiscal 2025

Key Terms

Restricted Stock Units, Adjusted EBITDA (AEBITDA, Annual Report on Form 10-K, vesting

4 terms

Restricted Stock Units financial

"Represents the vesting of 4,687 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 (781 RSUs) and 2024 AEBITDA x 1.2 (1,563 RSUs)) targets"

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.

vesting financial

"Half of the RSUs vest, if at all, upon the Issuer meeting certain (1) revenue ... targets"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 Insider Transactions: What Each Field Means →

04/30/2026 - 07:00 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^*

Christensen Richard

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

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		4,687⁽¹⁾	A	⁽²⁾	17,187	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	$0.00	0	D

Explanation of Responses:

1. Represents the vesting of 4,687 restricted stock units (RSUs) upon the Issuer meeting a revenue target as of the end of fiscal 2025.

2. Each RSU represents the contingent right to receive, at settlement, one share of common stock, which were settled in shares of common stock.

3. Half of the RSUs vest, if at all, upon the Issuer meeting certain (1) revenue (2024 revenue x 1.1 (781 RSUs) and 2024 revenue x 1.2 (1,563 RSUs)) and (2) Adjusted EBITDA (AEBITDA) (2024 AEBITDA x 1.1 (781 RSUs) and 2024 AEBITDA x 1.2 (1,563 RSUs)) 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. Half of the RSUs vest, if the reporting person continued service on March 15, 2026.

	/s/ Richard Christensen	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 Meridian Holdings (MRDN) CFO report on this Form 4?

Meridian Holdings CFO Richard Christensen reported RSU vesting, not a market trade. A total of 4,687 restricted stock units vested and were settled in common stock, increasing his direct holdings to 17,187 shares as part of his equity compensation.

How many Meridian Holdings (MRDN) shares does the CFO hold after the RSU vesting?

After the RSU vesting, the CFO directly holds 17,187 common shares. These shares reflect equity compensation where 4,687 restricted stock units converted into stock upon vesting, rather than open-market purchases, and are in addition to any RSUs that remain unvested.

What performance targets affect future RSU vesting for Meridian Holdings (MRDN) CFO?

Future RSU vesting depends on revenue and Adjusted EBITDA (AEBITDA) targets. Portions of the RSUs vest only if 2024 revenue and 2024 AEBITDA reach 1.1x and 1.2x thresholds by fiscal 2025, combined with public disclosure in the company’s Form 10-K and continued service.

Are Meridian Holdings (MRDN) CFO’s RSUs time-based or performance-based?

The CFO’s RSUs include both performance-based and time-based vesting. Half rely on meeting specified revenue and AEBITDA performance targets by fiscal 2025, while the other half vest based on continued service through March 15, 2026, providing a mix of incentive structures.

Did the Meridian Holdings (MRDN) CFO buy or sell shares in the open market?

The filing reflects RSU vesting and settlement, not open-market buying or selling. The transaction code indicates an exercise or conversion of derivative securities, where restricted stock units converted into common shares as part of the company’s equity compensation program.