Form 4: Merit Medical Systems Director F. Ann Millner Executes Stock Options and Sells Shares
SEC Form 4
Director F. Ann Millner of Merit Medical Systems exercised stock options and sold shares on June 28, 2024, according to a Form 4 filing with the SEC.
Summary
- F. Ann Millner, a director at Merit Medical Systems, executed non-qualified stock options to acquire 12,500 shares of common stock at a price of $50.50 on June 28, 2024.
- On the same day, Millner sold 12,299 shares at $85 and 201 shares at $85.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 7, 2023.
- Following these transactions, Millner directly owns 32,391 shares of Merit Medical Systems.
- Millner also holds non-qualified stock options for 12,500 shares exercisable from June 7, 2019, 13,750 shares exercisable from May 24, 2020, and 7,500 shares exercisable from May 31, 2020.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. The Rule 10b5-1 plan suggests pre-planned transactions, reducing potential negative interpretations.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company directors, which is important for investors to monitor.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 06/07/2019 | Date from which 20% of 12,500 non-qualified stock options become exercisable annually. |
| 05/24/2020 | Date from which 33% of 13,750 non-qualified stock options become exercisable annually. |
| 05/31/2020 | Date from which 33% of 7,500 non-qualified stock options become exercisable annually. |
| 08/07/2023 | Date the Rule 10b5-1 trading plan was adopted. |
| 06/28/2024 | Date of stock option exercise and sale of shares. |
| 06/07/2025 | Expiration date of non-qualified stock options (right to buy). |
| 05/24/2026 | Expiration date of non-qualified stock options (right to buy). |
| 05/31/2026 | Expiration date of non-qualified stock options (right to buy). |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.