Sound Point Meridian chair buys 1,000 shares

Sound Point Meridian Capital, Inc. chairman Stephen Ketchum reported an open-market purchase of 1,000 shares of common stock at $11.40 per share.

Rhea-AI Filing Summary

Sound Point Meridian Capital, Inc. chairman Stephen Ketchum reported an open-market purchase of 1,000 shares of common stock at $11.40 per share. Following this transaction, his directly held stake increased to 93,090 shares.

The filing also notes 815.039 shares held indirectly through SPC Consolidator LLC, where Ketchum is managing member and may be deemed to share beneficial ownership, while disclaiming beneficial ownership beyond his pecuniary interest.

Insider Trade Summary

Net Buyer: 1,000 shares

Net Buy 2 txns

Insider Ketchum Stephen

Role Chairman

Bought 1,000 shs ($11K)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.001 per share	1,000	$11.40	$11K
holding	Common Stock, par value $0.001 per share	--	--	--

Holdings After Transaction: Common Stock, par value $0.001 per share — 93,090 shares (Direct); Common Stock, par value $0.001 per share — 815.039 shares (Indirect, By SPC Consolidator LLC)

Footnotes (1)

1. F1. Represents 815.039 shares held by SPC Consolidator LLC ("SPC"), of which the reporting person is the Managing Member. Accordingly, the reporting person may be deemed to have or share beneficial ownership of the shares held by SPC. The reporting person disclaims beneficial ownership of all of the securities that are or may be beneficially owned by SPC, or any of its affiliates except to the extent of his pecuniary interest therein.

FAQ

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

What insider transaction did Sound Point Meridian (SPMA) report?

Sound Point Meridian reported that chairman Stephen Ketchum bought 1,000 common shares at $11.40 each. This open-market purchase increased his directly held position to 93,090 shares, according to the Form 4 transaction data summarized in the filing.

At what price did Stephen Ketchum buy Sound Point Meridian (SPMA) shares?

Stephen Ketchum purchased 1,000 Sound Point Meridian common shares at $11.40 per share. The transaction is classified as an open-market purchase, indicating he bought the shares on the market rather than receiving them as a grant or award.

How many Sound Point Meridian (SPMA) shares does Stephen Ketchum hold after the trade?

After the reported transaction, Stephen Ketchum directly holds 93,090 Sound Point Meridian common shares. The Form 4 also lists an additional 815.039 shares held indirectly through SPC Consolidator LLC, where he is managing member, subject to his pecuniary interest.

What is the indirect Sound Point Meridian (SPMA) ownership via SPC Consolidator LLC?

The filing shows 815.039 Sound Point Meridian shares held by SPC Consolidator LLC. Stephen Ketchum is the managing member and may be deemed to share beneficial ownership, but he disclaims beneficial ownership except to the extent of his pecuniary interest in those securities.

What type of transaction is reported for Sound Point Meridian (SPMA) on the Form 4?

The Form 4 reports an open-market purchase of common stock by chairman Stephen Ketchum. The transaction code is P, described as a purchase in an open market or private transaction, covering 1,000 shares at a price of $11.40 per share.

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

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Accepted by SEC EDGAR 02/18/2026 - 06:05 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^*

Ketchum Stephen

(Last) (First) (Middle)

C/O SOUND POINT MERIDIAN CAPITAL, INC.

375 PARK AVENUE, 34TH FLOOR

(Street)

NEW YORK NY 10152

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Sound Point Meridian Capital, Inc. [ SPMC ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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, par value $0.001 per share	02/13/2026		P		1,000	A	$11.4	93,090	D
Common Stock, par value $0.001 per share								815.039	I	By SPC Consolidator LLC(1)

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 815.039 shares held by SPC Consolidator LLC ("SPC"), of which the reporting person is the Managing Member. Accordingly, the reporting person may be deemed to have or share beneficial ownership of the shares held by SPC. The reporting person disclaims beneficial ownership of all of the securities that are or may be beneficially owned by SPC, or any of its affiliates except to the extent of his pecuniary interest therein.

	/s/ Andrea Sayago, as Attorney-In-Fact	02/18/2026
	** 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.