Merlin MRLN Insider Ownership

NASDAQ MRLN

$0.85 -0.13 (-13.32%)

As of: Oct 22, 2026 · 2:37 PM EDT

Insider Holdings by Owner

40.28Mn Shares

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

27.80%

▲+0.283% pp QoQ

Shares Held by Insiders

25.39Mn

filed for Sep 2026

▲+1.03% QoQ

Shares Outstanding

91.31Mn

91,309,267 shares

Direct Holdings

25.39Mn

Indirect: 0

Net Shares Traded (QoQ)

+258.86K

net buying in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Insiders

Bought Sold

Latest quarter —

Net over range —

Buying quarters —

Insider Ownership Summary

Updated Oct 10, 2026

In the last 12 months, insiders at Merlin neither bought nor sold shares on the open market.

In transactions other than open-market trades, Merlin insiders received 16.14Mn shares in stock awards, acquired 8.38Mn shares through option exercises and conversions and gave up 3.64K shares to cover taxes or exercise prices over the past 12 months.
Business Quant data shows Merlin insiders holding 25.39Mn shares in total in their latest Form 4 filings, up 1.03% from 25.13Mn shares at the end of Q2 2026 and up 189.88% from 8.76Mn shares at the end of Q3 2025.
By type of ownership, MRLN insiders hold all of their 25.39Mn shares directly.
MRLN's insider total is spread across 11 insiders who have filed a Form 4 in the past two years.
MRLN's three largest insider shareholders, per their latest Form 4 filings, are Matthew Spencer George (Chief Executive Officer, 15.42Mn shares), Bleichroeder Sponsor 1 LLC (10% owner, 8.8Mn shares) and Michael Blitzer (Director, 300K shares).
The holding of Matthew Spencer George makes up 60.74% of all shares held by Merlin insiders.
Institutions held 17.12% of Merlin's outstanding shares in their Q2 2026 13F filings.
In the past year, 12 insiders of Merlin submitted 17 Form 4 filings reporting trades, awards or other transactions.
These insider figures for Merlin are based on Form 4 filings through September 18, 2026.

Form 4 Holdings

Insiders Holding MRLN

Insiders 11

Shares held 40.28Mn

Of outstanding 44.11%

#	Insider	Position	Direct	Total	Share of Insiders	Last Filed
1	Matthew Spencer George	Chief Executive Officer	30,311,583	30,311,583	75.3%	18 Sep, 2026
2	Sponsor 1 Llc Bleichroeder	TenPercentOwner	8,800,833	8,800,833	21.8%	17 Mar, 2026
3	Michael Blitzer	Director	300,000	300,000	0.7%	18 Sep, 2026
4	Ryan Michael Carrithers	Cfo Treasurer	255,343	255,343	0.6%	18 Sep, 2026
5	Mark Rawlins Brunner	Chief Revenue Officer	225,904	225,904	0.6%	22 May, 2026
6	Leslie Renee Ravestein	Clo And Secretary	197,935	197,935	0.5%	18 Sep, 2026
7	Robert Hanson Smith	Director	37,500	37,500	0.1%	22 May, 2026
8	Kelyn Brannon	Director	37,500	37,500	0.1%	22 May, 2026
9	Carolyn Trabuco	Director	37,500	37,500	0.1%	22 May, 2026
10	Michael Montelongo	Director	37,500	37,500	0.1%	22 May, 2026
11	Kenneth John Braithwaite	Director	37,500	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.

Form 4 Filings

26 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
16 Sep, 2026	Capital Holdings, L.P. Fr	TenPercentOwner	Disposed J	6,651,292	$0.00	$0	0	Indirect
16 Sep, 2026	Ryan Michael Carrithers	Cfo Treasurer	Disposed F	1,073	$2.21	$2.37K	255,343	Direct
16 Sep, 2026	Matthew Spencer George	Chief Executive Officer	Disposed F	1,468	$2.21	$3.24K	15,420,961	Direct
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	Leslie Renee Ravestein	Clo And Secretary	Acquired A	199,036	—	—	199,036	Direct
20 May, 2026	Robert Hanson Smith	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	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	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

Showing 1 to 20 of 26 transactions