Form 4: Merit Medical Systems CEO Fred Lampropoulos Sells Shares
SEC Form 4 Filing
Fred Lampropoulos, President and CEO of Merit Medical Systems, sold a significant number of shares on March 5, 2025, according to a Form 4 filing with the SEC.
Summary
- On March 5, 2025, Fred Lampropoulos, the President and CEO of Merit Medical Systems, executed multiple sales of common stock.
- He sold 11,320 shares at a weighted average price of $104.05, 20,000 shares at a weighted average price of $103.75, 409.741 shares at $103.75, and 2,590.001 shares at $103.75.
- Following these transactions, Lampropoulos directly owns 1,086,028 shares of Merit Medical Systems common stock.
- He also indirectly owns 97,798 shares through a 401(k) plan, 90 shares as custodian for a child, and 10,324.259 shares and 7,734.258 shares through his spouse.
- Lampropoulos also holds non-qualified stock options to purchase shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock sales by an executive, which doesn't inherently convey positive or negative sentiment. It's a factual report of transactions.
Industry Context
Executive stock sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects; however, they don't always indicate a negative outlook.
Stakeholder Impact
- Shareholders may react to the news of the CEO's stock sale, potentially impacting the stock price.
- The sale could be perceived as a lack of confidence in the company's future performance, although it could also be for personal financial reasons.
Key Dates
| Date | Description |
|---|---|
| 03/01/2020 | Date from which non-qualified stock options become exercisable in installments. |
| 06/22/2020 | Date options not vested were forfeited. |
| 02/26/2021 | Date from which non-qualified stock options become exercisable in installments. |
| 03/19/2022 | Date from which non-qualified stock options become exercisable in installments. |
| 02/28/2024 | Date from which non-qualified stock options become exercisable in installments. |
| 02/28/2025 | Date of plan holdings for 401(k). |
| 03/05/2025 | Date of the stock sale transactions. |
| 03/06/2025 | Date of the Form 4 filing. |
| 03/01/2026 | Expiration date for some non-qualified stock options. |
| 02/26/2027 | Expiration date for some non-qualified stock options. |
| 03/19/2028 | Expiration date for some non-qualified stock options. |
| 02/28/2030 | Expiration date for some non-qualified stock options. |
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