Frank Clyburn - Oct 30, 2021 Form 4 Insider Report for Merck & Co., Inc. (MRK)

Signature
/s/ Kelly E. W. Grez as Attorney-in-Fact for Frank Clyburn
Stock symbol
MRK
Transactions as of
Oct 30, 2021
Transactions value $
-$3,388,571
Form type
4
Date filed
11/2/2021, 06:16 PM
Previous filing
May 11, 2021
Next filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRK Common Stock Options Exercise $208K +2.36K +2.46% $88.05 98.3K Oct 30, 2021 Direct
transaction MRK Common Stock Tax liability -$102K -1.16K -1.18% $88.05 97.1K Oct 30, 2021 Direct
transaction MRK Common Stock Options Exercise $0 +19.9K +20.51% $0.00 117K Nov 1, 2021 Direct
transaction MRK Common Stock Options Exercise $0 +19.8K +16.96% $0.00 137K Nov 1, 2021 Direct
transaction MRK Common Stock Sale -$3.49M -39.8K -29.05% $87.87 97.1K Nov 1, 2021 Direct F1, F2
holding MRK Common Stock - 401(k) Plan 1.78K Oct 30, 2021 By 401(k) F3

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 Restricted Stock Unit Options Exercise $0 -2.36K -100% $0.00* 0 Oct 30, 2021 Common Stock 2.36K Direct F4, F5, F6
transaction MRK Stock Option (Right to Buy) Options Exercise $0 -19.9K -100% $0.00* 0 Nov 1, 2021 Common Stock 19.9K $43.65 Direct F5, F7
transaction MRK Stock Option (Right to Buy) Options Exercise $0 -19.8K -50% $0.00 19.8K Nov 1, 2021 Common Stock 19.8K $56.49 Direct F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.8000 to $87.8950, inclusive. The reporting person undertakes to provide to Merck & Co., Inc., any security holder of Merck & Co., Inc, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above in this footnote.
F2 Holdings include shares acquired in dividend reinvestment transactions.
F3 Includes shares acquired and dividends earned through October 30, 2021 in the Merck U.S. Savings Plan, a 401(k) plan.
F4 Each restricted stock unit represents a contingent right to receive one share of Merck & Co., Inc. common stock.
F5 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 and time-based restricted stock unit 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.
F6 The restricted stock units vested and were distributed in equal installments on 10/30/2019, 10/30/2020 and 10/30/2021.
F7 The option became exercisable in equal installments on 5/6/2014, 5/6/2015 and 5/6/2016.
F8 The option became exercisable in equal installments on 5/2/2015, 5/2/2016, and 5/2/2017.