Merlin CLO has 1,101 shares withheld for taxes

Merlin, Inc.’s CLO and Secretary had shares withheld to cover taxes on vested RSUs, leaving a direct holding of 197,935 shares.

Rhea-AI Filing Summary

Merlin, Inc. (MRLN) reported that officer Leslie Renee Ravestein, CLO and Secretary, had 1,101 shares of common stock withheld on September 16, 2026 to satisfy tax withholding obligations tied to vesting restricted stock units. The withholding price was $2.21 per share, and Ravestein now holds 197,935 shares of common stock directly.

Insider Trade Summary

Tax Withholding: 1,101 shares

Tax Withholding 1 txn

Insider Ravestein Leslie Renee

Role CLO and Secretary

Type	Security	Shares	Price	Value
Tax Withholding	Common stock F1	1,101	$2.21	$2K

Holdings After Transaction: Common stock — 197,935 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 tax withholding obligations: 1,101 shares Withholding price per share: $2.21 per share Shares owned after transaction: 197,935 shares

3 metrics

Shares withheld for tax withholding obligations 1,101 shares Common stock withheld on September 16, 2026 for RSU-related taxes

Withholding price per share $2.21 per share Closing price on September 16, 2026 used to determine shares withheld

Shares owned after transaction 197,935 shares Direct common stock holdings of Leslie Renee Ravestein after 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, Inc. (MRLN) disclose for Leslie Renee Ravestein?

Merlin, Inc. disclosed that CLO and Secretary Leslie Renee Ravestein had 1,101 shares of common stock withheld on September 16, 2026 to satisfy tax withholding obligations related to vesting restricted stock units.

How many MRLN shares were involved in Ravestein’s September 16, 2026 transaction?

The transaction involved 1,101 shares of Merlin, Inc. common stock, which were withheld by the issuer to cover tax withholding obligations upon the vesting of restricted stock units on September 16, 2026.

What price per share was used for the MRLN tax withholding transaction?

The filing reports a price of $2.21 per share, reflecting the closing price of Merlin, Inc.’s common stock on September 16, 2026, used solely to determine the number of shares withheld for taxes.

How many MRLN shares does Leslie Renee Ravestein hold after this Form 4 transaction?

After the withholding transaction, Leslie Renee Ravestein holds 197,935 shares of Merlin, Inc. common stock directly, as reported in the Form 4 following the September 16, 2026 tax-withholding disposition.

Was the Merlin, Inc. Form 4 transaction made under a Rule 10b5-1 trading plan?

No. The filing indicates that no Rule 10b5-1 trading plan is affirmed for this transaction; the shares were withheld by the issuer to satisfy tax withholding obligations related to restricted stock unit vesting.

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

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Available on EDGAR 09/18/2026 - 04:33 PM Accepted by SEC EDGAR 09/18/2026 - 04:32 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^*

Ravestein Leslie Renee

(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)
	CLO and Secretary

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		1,101	D	$2.21(1)	197,935	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 Renee Ravestein	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)