Merlin CFO has 1,073 shares withheld for taxes

Merlin’s CFO had a small number of shares withheld to cover taxes on RSU vesting, leaving a direct holding of over 255,000 shares.

Rhea-AI Filing Summary

Merlin, Inc. (MRLN) reported that its CFO & Treasurer, Ryan Michael Carrithers, had 1,073 shares of common stock withheld on September 16, 2026 to satisfy tax withholding obligations arising from the vesting of restricted stock units. The shares were valued at the $2.21 closing price, and Carrithers now directly holds 255,343 shares of Merlin common stock.

Insider Trade Summary

Tax Withholding: 1,073 shares

Tax Withholding 1 txn

Insider Carrithers Ryan Michael

Role CFO & Treasurer

Type	Security	Shares	Price	Value
Tax Withholding	Common stock F1	1,073	$2.21	$2K

Holdings After Transaction: Common stock — 255,343 shares (Direct)

Footnotes (1)

1. F1. Represents shares of common stock withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted stock units on September 16, 2026. The price reported reflects the closing price of the Issuer's common stock on the vesting date, used solely to determine the number of shares withheld.

Key Figures

Shares withheld for taxes: 1,073 shares Per-share valuation for withholding: $2.21 per share Shares held after transaction: 255,343 shares

3 metrics

Shares withheld for taxes 1,073 shares Common stock withheld on September 16, 2026 for tax withholding obligations

Per-share valuation for withholding $2.21 per share Closing price on September 16, 2026 used to determine shares withheld

Shares held after transaction 255,343 shares Direct holdings of CFO Ryan Michael Carrithers following the withholding

Key Terms

restricted stock units, tax withholding obligations, closing price

3 terms

restricted stock units financial

"in connection with the vesting of restricted stock units on September 16, 2026"

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.

tax withholding obligations financial

"withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations"

closing price financial

"The price reported reflects the closing price of the Issuer's common stock"

FAQ

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

What insider transaction did Merlin (MRLN) report for its CFO?

Merlin reported that CFO & Treasurer Ryan Michael Carrithers had 1,073 shares of common stock withheld on September 16, 2026 to cover tax withholding obligations from vesting restricted stock units.

Was the Merlin (MRLN) CFO’s Form 4 transaction an open market sale?

No. The 1,073 shares reported on the Form 4 were withheld by the issuer to satisfy the CFO’s tax withholding obligations from RSU vesting, not an open market sale.

At what price were the withheld Merlin (MRLN) shares valued?

The withheld 1,073 shares were valued at $2.21 per share, which the company states was the closing price of Merlin’s common stock on September 16, 2026, used solely to determine the number of shares withheld.

How many Merlin (MRLN) shares does the CFO hold after this transaction?

After the tax-withholding transaction, CFO Ryan Michael Carrithers directly holds 255,343 shares of Merlin common stock, as reported in the Form 4.

Was the Merlin (MRLN) CFO’s transaction under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmed, and the footnote describes the event as shares withheld to satisfy tax obligations upon RSU vesting.

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

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Available on EDGAR 09/18/2026 - 04:32 PM Accepted by SEC EDGAR 09/18/2026 - 04:31 PM Learn about SEC filing dates

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^*

Carrithers Ryan Michael

(Last) (First) (Middle)

100 CAUSEWAY STREET

23RD FLOOR

(Street)

BOSTON MASSACHUSETTS 02114

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Merlin, Inc. [ MRLN ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO & Treasurer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common stock	09/16/2026		F		1,073	D	$2.21(1)	255,343	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:

1. Represents shares of common stock withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted stock units on September 16, 2026. The price reported reflects the closing price of the Issuer's common stock on the vesting date, used solely to determine the number of shares withheld.

Remarks:

	/s/ Leslie R. Ravestein, Attorney-in-Fact	09/18/2026
	** 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)