Merlin's three largest insider shareholders as of September 09, 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 | 30,313,051 | 0 | 30,313,051 | 75.8% | 22 May, 2026 |
| 2 | Sponsor 1 Llc Bleichroeder | TenPercentOwner | 8,800,833 | 0 | 8,800,833 | 22.0% | 17 Mar, 2026 |
| 3 | Ryan Michael Carrithers | Cfo Treasurer | 256,416 | 0 | 256,416 | 0.6% | 22 May, 2026 |
| 4 | Mark Rawlins Brunner | Chief Revenue Officer | 225,904 | 0 | 225,904 | 0.6% | 22 May, 2026 |
| 5 | Leslie Renee Ravestein | Clo And Secretary | 199,036 | 0 | 199,036 | 0.5% | 22 May, 2026 |
| 6 | Robert Hanson Smith | Director | 37,500 | 0 | 37,500 | 0.1% | 22 May, 2026 |
| 7 | Carolyn Trabuco | 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 | Kenneth John Braithwaite | 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 |
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 |
|---|---|---|---|---|---|---|---|---|
| 20 May, 2026 | Michael Montelongo | Director | Acquired A | 37,500 | — | — | 37,500 | Direct |
| 20 May, 2026 | Kelyn Brannon | 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 | Ryan Michael Carrithers | Cfo Treasurer | Acquired A | 256,416 | — | — | 256,416 | Direct |
| 20 May, 2026 | Carolyn Trabuco | Director | Acquired A | 37,500 | — | — | 37,500 | Direct |
| 20 May, 2026 | Matthew Spencer George | Chief Executive Officer | Acquired A | 531,807 | — | — | 15,422,429 | Direct |
| 20 May, 2026 | Robert Hanson Smith | 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 | Kenneth John Braithwaite | Director | Acquired A | 37,500 | — | — | 37,500 | 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 |
| 13 Mar, 2026 | Sponsor 1 Llc Bleichroeder | TenPercentOwner | Acquired M | 8,333,333 | — | — | 8,758,333 | Direct |
| 16 Mar, 2026 | Sponsor 1 Llc Bleichroeder | TenPercentOwner | Acquired M | 42,500 | — | — | 8,800,833 | Direct |
| 13 Mar, 2026 | Sponsor 1 Llc Bleichroeder | TenPercentOwner | Disposed M | 8,333,333 | $0.00 | $0 | 0 | Direct |
| 16 Mar, 2026 | Sponsor 1 Llc Bleichroeder | TenPercentOwner | Disposed M | 425,000 | — | — | 0 | Direct |
| 04 Nov, 2024 | Sponsor 1 Llc Bleichroeder | TenPercentOwner | Acquired P | 425,000 | $10.00 | $4.25Mn | 425,000 | Direct |
| 04 Nov, 2024 | Sponsor 1 Llc Bleichroeder | TenPercentOwner | Disposed J | 1,250,000 | $0.00 | $0 | 8,333,333 | Direct |