Merlin's three largest insider shareholders as of September 29, 2026 are Matthew Spencer George (Chief Executive Officer, 15.42Mn shares), Matthew Spencer George (Chief Executive Officer, 14.89Mn shares), Sponsor 1 Llc Bleichroeder (TenPercentOwner, 8.80Mn shares).
| # | Insider | Position | Direct | Indirect | Total | Share of Insiders | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Matthew Spencer George | Chief Executive Officer | 30,311,583 | 0 | 30,311,583 | 75.3% | 18 Sep, 2026 |
| 2 | Sponsor 1 Llc Bleichroeder | TenPercentOwner | 8,800,833 | 0 | 8,800,833 | 21.8% | 17 Mar, 2026 |
| 3 | Michael Blitzer | Director | 300,000 | 0 | 300,000 | 0.7% | 18 Sep, 2026 |
| 4 | Ryan Michael Carrithers | Cfo Treasurer | 255,343 | 0 | 255,343 | 0.6% | 18 Sep, 2026 |
| 5 | Mark Rawlins Brunner | Chief Revenue Officer | 225,904 | 0 | 225,904 | 0.6% | 22 May, 2026 |
| 6 | Leslie Renee Ravestein | Clo And Secretary | 197,935 | 0 | 197,935 | 0.5% | 18 Sep, 2026 |
| 7 | Robert Hanson Smith | Director | 37,500 | 0 | 37,500 | 0.1% | 22 May, 2026 |
| 8 | Kelyn Brannon | Director | 37,500 | 0 | 37,500 | 0.1% | 22 May, 2026 |
| 9 | Carolyn Trabuco | Director | 37,500 | 0 | 37,500 | 0.1% | 22 May, 2026 |
| 10 | Michael Montelongo | Director | 37,500 | 0 | 37,500 | 0.1% | 22 May, 2026 |
| 11 | Kenneth John Braithwaite | Director | 37,500 | 0 | 37,500 | 0.1% | 22 May, 2026 |
Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.
| Date | Insider | Position | Transaction | Shares | Price | Value | Shares Held After | Ownership |
|---|---|---|---|---|---|---|---|---|
| 16 Sep, 2026 | Matthew Spencer George | Chief Executive Officer | Disposed F | 1,468 | $2.21 | $3.24K | 15,420,961 | Direct |
| 16 Sep, 2026 | Ryan Michael Carrithers | Cfo Treasurer | Disposed F | 1,073 | $2.21 | $2.37K | 255,343 | Direct |
| 16 Sep, 2026 | Capital Holdings, L.P. Fr | TenPercentOwner | Disposed J | 6,651,292 | $0.00 | $0 | 0 | Indirect |
| 16 Sep, 2026 | Leslie Renee Ravestein | Clo And Secretary | Disposed F | 1,101 | $2.21 | $2.43K | 197,935 | Direct |
| 16 Sep, 2026 | Michael Blitzer | Director | Acquired J | 262,500 | — | — | 300,000 | Direct |
| 16 Sep, 2026 | Capital Holdings, L.P. Fr | TenPercentOwner | Disposed J | 5,097,669 | $0.00 | $0 | 0 | Indirect |
| 20 May, 2026 | Robert Hanson Smith | Director | Acquired A | 37,500 | — | — | 37,500 | Direct |
| 20 May, 2026 | Ryan Michael Carrithers | Cfo Treasurer | Acquired A | 256,416 | — | — | 256,416 | Direct |
| 20 May, 2026 | Matthew Spencer George | Chief Executive Officer | Acquired A | 531,807 | — | — | 15,422,429 | Direct |
| 20 May, 2026 | Kenneth John Braithwaite | Director | Acquired A | 37,500 | — | — | 37,500 | Direct |
| 20 May, 2026 | Carolyn Trabuco | Director | Acquired A | 37,500 | — | — | 37,500 | Direct |
| 20 May, 2026 | Mark Rawlins Brunner | Chief Revenue Officer | Acquired A | 225,904 | — | — | 225,904 | Direct |
| 20 May, 2026 | Michael Blitzer | Director | Acquired A | 37,500 | — | — | 37,500 | Direct |
| 20 May, 2026 | Kelyn Brannon | Director | Acquired A | 37,500 | — | — | 37,500 | Direct |
| 20 May, 2026 | Michael Montelongo | Director | Acquired A | 37,500 | — | — | 37,500 | Direct |
| 20 May, 2026 | Leslie Renee Ravestein | Clo And Secretary | Acquired A | 199,036 | — | — | 199,036 | Direct |
| 20 May, 2026 | Leslie Renee Ravestein | Clo And Secretary | Acquired A | 205,475 | $0.00 | $0 | 205,475 | Direct |
| 20 May, 2026 | Ryan Michael Carrithers | Cfo Treasurer | Acquired A | 806,393 | $0.00 | $0 | 806,393 | Direct |
| 16 Mar, 2026 | Matthew Spencer George | Chief Executive Officer | Acquired A | 14,890,622 | — | — | 14,890,622 | Direct |
| 16 Mar, 2026 | Matthew Spencer George | Chief Executive Officer | Acquired A | 1,512,485 | — | — | 1,512,485 | Direct |