Merck (MRK) officer sells 7,085 shares at $87; now 0 held

Merck & Co., Inc. (MRK) reported an insider transaction on Form 4.

Accepted by SEC EDGAR 11/12/2025 - 04:01 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Merck & Co., Inc. (MRK) reported an insider transaction on Form 4. Chief Communications & Public Affairs Officer Cristal N. Downing sold 7,085 shares of Merck common stock at $87 on 11/10/2025 (transaction code S), and reported 0 shares beneficially owned following the sale.

The filing indicates direct ownership for the transaction. The document was signed by an attorney-in-fact on behalf of the reporting person.

Insights

Insider trading & governance analyst

Routine Form 4 sale; small, administrative disclosure.

Merck (MRK) disclosed a Form 4 sale: the officer sold 7,085 common shares at $87 on 11/10/2025 (code S). The filing lists 0 shares beneficially owned afterward, indicating no remaining reported holdings for this insider.

Form 4s record insider trades and are common governance disclosures. The excerpt does not provide motives or a trading plan designation. Actual market impact typically depends on size relative to float and context, which are not provided here.

Subsequent filings may provide additional context on future holdings or grants, but this entry stands as a straightforward sale record.

Insider Trade Summary

Net Seller: 7,085 shares

Net Sell 1 txn

Insider Downing Cristal N

Role Chief Comm. & Public Afrs Ofcr

Sold 7,085 shs ($616K)

Share of Position Sold 100%

Type	Security	Shares	Price	Value
Sale	Common Stock	7,085	$87.00	$616K

Holdings After Transaction: Common Stock — 0 shares (Direct)

Holdings Before and After: Common Stock, 7,085 to 0 shares (Direct)

Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Merck (MRK) disclose in this Form 4?

An officer sold 7,085 Merck common shares at $87 on 11/10/2025, reporting 0 shares beneficially owned afterward.

Who is the reporting person in Merck’s (MRK) Form 4?

The reporting person is Cristal N. Downing, Chief Communications & Public Affairs Officer.

What was the transaction code in the Merck (MRK) Form 4?

The transaction code is S, which indicates an open market or private sale of non-derivative securities.

How many Merck (MRK) shares does the insider report owning after the sale?

The filing reports 0 shares beneficially owned following the transaction.

Was this ownership listed as direct or indirect in the Merck (MRK) filing?

The transaction is shown under Direct (D) ownership.

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

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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^*

Downing Cristal N

(Last) (First) (Middle)

MERCK & CO., INC.

126 EAST LINCOLN AVENUE

(Street)

RAHWAY NJ 07065

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Merck & Co., Inc. [ MRK ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Comm. & Public Afrs Ofcr

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2025

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	11/10/2025		S		7,085	D	$87	0	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

Explanation of Responses:

	/s/ Kelly E. W. Grez as Attorney-in-Fact for Cristal N. Downing	11/12/2025
	** 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.