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Goodman (MRDN) updates 9.96% Meridian stake, details severance and stock sales

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Meridian Holdings Inc. investor Anthony Brian Goodman and his entity Luxor Capital, LLC filed Amendment No. 9 to update their ownership and recent transactions in the company’s common stock.

Goodman is reported to beneficially own 1,262,136 shares of common stock, representing 9.96% of the class, including 453,463 shares held through Luxor, which itself represents 3.58% of the class based on 12,669,479 shares outstanding as of April 28, 2026. The amendment notes open‑market sales totaling 210,730 shares between June 30, 2025 and June 12, 2026.

The filing also describes a Severance and Release Agreement under which Goodman’s employment ended in December 2025. He received a $951,750 severance payment, $46,792 in accrued vacation, full vesting of 300,000 RSUs, and conversion of 1,000 shares of Series B Voting Preferred Stock into 83,333 common shares. Goodman previously adopted a Rule 10b5‑1 Sales Plan in March 2025, which allowed discretionary open‑market sales by Oppenheimer until its termination in September 2025.

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Insights

Filing updates Goodman’s stake, sales activity, and leadership exit terms.

The amendment shows Anthony Brian Goodman beneficially owning 1,262,136 Meridian shares, or 9.96%, with 453,463 shares held via Luxor Capital, LLC at 3.58%. These percentages are based on 12,669,479 shares outstanding as of April 28, 2026.

The document details open‑market sales of 210,730 shares from June 30, 2025 through June 12, 2026, some executed under a Rule 10b5‑1 Sales Plan later terminated on September 5, 2025. It also formalizes Goodman’s separation: a $951,750 severance, $46,792 in vacation payout, vesting of 300,000 RSUs, and conversion of Series B preferred into 83,333 common shares.

Overall, the amendment is primarily an ownership and disclosure update rather than a new strategic move. Actual impact on the shareholder base depends on future purchases or sales the reporting persons may choose to make, as they expressly reserve flexibility to adjust their holdings over time.

Goodman beneficial ownership 1,262,136 shares (9.96%) Common stock based on 12,669,479 shares outstanding as of April 28, 2026
Luxor Capital ownership 453,463 shares (3.58%) Common stock based on 12,669,479 shares outstanding as of April 28, 2026
Shares outstanding 12,669,479 shares Common stock outstanding as of April 28, 2026
Open-market sales 210,730 shares Sales from June 30, 2025 through June 12, 2026
Severance payment $951,750 Cash severance to Goodman under Severance and Release Agreement
Accrued vacation payout $46,792 Accrued, unused vacation paid to Goodman
Vested RSUs 300,000 RSUs Unvested restricted stock units that became 100% vested at termination
Preferred conversion 1,000 preferred into 83,333 common shares Series B Voting Preferred Stock converted on December 12, 2025
Schedule 13D regulatory
"This Amendment No. 9 (the "Amendment") amends and supplements the filed with the Securities and Exchange Commission on March 19, 2021"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Severance and Release Agreement financial
"On November 25, 2025, the Issuer entered into a Severance and Release Agreement (the "Severance Agreement") with Mr. Goodman"
Series B Voting Preferred Stock financial
"Mr. Goodman converted all 1,000 outstanding shares of the Issuer's Series B Voting Preferred Stock which he held into 83,333 shares"
restricted stock units (RSUs) financial
"All 300,000 unvested restricted stock units (RSUs) previously granted to Mr. Goodman became 100% vested as of the Termination Date"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Rule 10b5-1 Sales Plan regulatory
"On March 28, 2025, Mr. Goodman entered into a Rule 10b5-1 Sales Plan with Oppenheimer & Co. Inc."

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

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FAQ

How much of Meridian Holdings (MRDN) stock does Anthony Brian Goodman report owning?

Anthony Brian Goodman reports beneficial ownership of 1,262,136 Meridian common shares, representing 9.96% of the outstanding class. This percentage is calculated using 12,669,479 shares outstanding as of April 28, 2026, as disclosed in the company’s Form 10-Q.

What is Luxor Capital LLC’s reported stake in Meridian Holdings (MRDN)?

Luxor Capital, LLC reports beneficial ownership of 453,463 Meridian common shares, or 3.58% of the class. These shares are included within Goodman’s overall reported holdings and use the same 12,669,479 outstanding share figure for the percentage calculation.

What severance did Anthony Brian Goodman receive from Meridian Holdings (MRDN)?

Under a Severance and Release Agreement, Goodman is to receive a $951,750 severance payment plus $46,792 in accrued, unused vacation. The severance reflects eighteen months of his $434,500 base salary plus his targeted $300,000 2025 bonus.

How many Meridian (MRDN) shares did Goodman sell according to this amendment?

The amendment reports that the reporting persons sold 210,730 Meridian common shares in open‑market transactions from June 30, 2025 through June 12, 2026. Specific trade details are listed on Schedule A referenced in the filing’s exhibit section.

What happened to Goodman’s RSUs and preferred stock at Meridian Holdings (MRDN)?

All 300,000 unvested restricted stock units granted to Goodman became fully vested and were issued on his termination date. He also converted 1,000 Series B Voting Preferred shares into 83,333 Meridian common shares on December 12, 2025.

Did Anthony Brian Goodman use a Rule 10b5-1 plan to sell Meridian (MRDN) shares?

Yes. Goodman entered a Rule 10b5-1 Sales Plan with Oppenheimer & Co. Inc. on March 28, 2025, permitting sales of up to 41,6667 common shares subject to conditions. The plan allowed discretionary open‑market sales and was terminated on September 5, 2025.





381098409

(CUSIP Number)
Anthony Brian Goodman
3651 LINDELL ROAD, SUITE D131
LAS VEGAS, NV, 89103
702-318-7548

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
11/24/2025

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
(13) Based solely for the purposes of such calculation on a total of 12,669,479 shares of common stock outstanding as of April 28, 2026, as confirmed by the cover page of the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the Securities and Exchange Commission on April 28, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
(13) Based solely for the purposes of such calculation on a total of 12,669,479 shares of common stock outstanding as of April 28, 2026, as confirmed by the cover page of the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the Securities and Exchange Commission on April 28, 2026.


SCHEDULE 13D


Anthony Brian Goodman
Signature:/s/ Anthony Brian Goodman
Name/Title:Anthony Brian Goodman
Date:06/18/2026
Luxor Capital, LLC
Signature:/s/ Anthony Brian Goodman
Name/Title:Managing Member
Date:06/18/2026