Nicolaas Vlok - 27 Jul 2021 Form 4 Insider Report for MeridianLink, Inc. (MLNK)

Role: Chief Executive Officer, Director
Signature: /s/ Kayla Dailey, as Attorney-in-Fact
Issuer symbol: MLNK
Transactions as of: 27 Jul 2021
Net transactions value: +$829,655
Form type: 4
Filing time: 29 Jul 2021, 19:57:05 UTC
Next filing: 02 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MLNK	Common Stock, par value $0.001	Options Exercise	$829,655	+136,891	+103%	$6.06	270,238	27 Jul 2021	Direct
transaction	MLNK	Common Stock, par value $0.001	Award	$0	+85,385	+32%	$0.000000	355,623	27 Jul 2021	Direct	F1
holding	MLNK	Common Stock, par value $0.001						39,958	27 Jul 2021	See Footnote	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MLNK	Stock Option (option to buy)	Options Exercise	$0	-136,891	-5.9%	$0.000000	2,188,109	27 Jul 2021	Common Stock, par value $0.001	2,325,000	$6.06	Direct	F3
transaction	MLNK	Stock Option (option to buy)	Award	$0	+213,462		$0.000000	213,462	27 Jul 2021	Common Stock, par value $0.001	213,462	$26.00	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were granted pursuant to a restricted stock unit award ("RSU"). 25% of the shares subject to the RSU award shall vest on July 27, 2022, and the remaining 75% of the shares subject to the RSU award shall vest in 12 equal quarterly installments thereafter on the first day of the applicable month beginning at the start of the first calendar quarter following July 27, 2022, subject to the reporting person's continued service relationship with the Company through each such vesting date.
F2	The shares are held directly by the Vlok Family Trust, dated March 17, 2009. The reporting person and his spouse are the co-trustees of the Vlok Family Trust, dated March 17, 2009 and share sole voting and dispositive power with respect to all securities held by such entity. The reporting person may be deemed to be the beneficial owner of the securities held by the Vlok Family Trust, dated March 17, 2009.
F3	With respect to (i) 912,500 of the shares underlying the option, one third of such shares vested on September 1, 2020, and the remaining two thirds of such shares vest in 24 equal monthly instalments thereafter, in each case subject to the reporting person's continued service through the applicable vesting date, (ii) 912,500 of the shares underlying this option are scheduled to vest based upon the Company's level of achievement of a predetermined EBITDA metric, and (iii) 500,000 of the shares underlying this option vested immediately prior to the effectiveness of the Company's registration statement filed on form S-1 for its initial public offering. In addition, 100% of the then-unvested shares subject to this award vest immediately prior to the sale of the company, subject to the reporting person's continued service through such date.
F4	25% of the shares underlying the option shall vest and become exercisable on July 27, 2022, and the remaining 75% of the shares underlying the option shall vest and become exercisable in 12 equal quarterly installments thereafter on the first day of the applicable month beginning at the start of the first calendar quarter following July 27, 2022, subject to the reporting person's continued service relationship with the Company through each applicable vesting date.