Sanat Chattopadhyay - Oct 29, 2021 Form 4 Insider Report for Merck & Co., Inc. (MRK)

Signature
/s/ Kelly E. W. Grez as Attorney-in-Fact for Sanat Chattopadhyay
Stock symbol
MRK
Transactions as of
Oct 29, 2021
Transactions value $
-$2,149,731
Form type
4
Date filed
11/2/2021, 06:14 PM
Next filing
Feb 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRK Common Stock Options Exercise $0 +24.6K +26.43% $0.00 118K Oct 29, 2021 Direct
transaction MRK Common Stock Sale -$2.15M -24.6K -20.91% $87.32 93.1K Oct 29, 2021 Direct F1, 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 MRK Stock Option (Right to Buy) Options Exercise $0 -24.6K -61.81% $0.00 15.2K Oct 29, 2021 Common Stock 24.6K $43.65 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise and sale transactions reported in this Form 4 are made pursuant to Rule 10b5-1 trading plan.
F2 Holdings include shares acquired in dividend reinvestment transactions.
F3 Exercise price and holdings reflect the adjustments that occurred as of June 2, 2021 in connection with the Organon & Co. ("Organon") spin-off as described in the registration statement on Form 10 filed with the SEC by Organon (the "Form 10"). As reported in the Form 10, all Merck stock option awards outstanding as of immediately prior to the distribution date were converted on the distribution date into adjusted Merck awards for Merck employees to preserve the same intrinsic value and general terms and conditions (including vesting) as were in place immediately prior to the adjustments.
F4 The option became exercisable in equal installments on 5/6/2014, 5/6/2015 and 5/6/2016.