Sanat Chattopadhyay - 28 Oct 2022 Form 4 Insider Report for Merck & Co., Inc. (MRK)

Signature
/s/ Kelly E. W. Grez as Attorney-in-Fact for Sanat Chattopadhyay
Issuer symbol
MRK
Transactions as of
28 Oct 2022
Net transactions value
-$10,039,380
Form type
4
Filing time
01 Nov 2022, 17:07:48 UTC
Previous filing
05 May 2022
Next filing
11 Jan 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRK Common Stock Options Exercise $0 +15,213 +33% $0.000000 60,821 28 Oct 2022 Direct
transaction MRK Common Stock Options Exercise $0 +34,024 +56% $0.000000 94,845 28 Oct 2022 Direct
transaction MRK Common Stock Options Exercise $0 +51,055 +54% $0.000000 145,900 28 Oct 2022 Direct
transaction MRK Common Stock Sale $10,039,380 -100,292 -69% $100.10 45,608 28 Oct 2022 Direct F1, F2
holding MRK Common Stock 67,373 28 Oct 2022 By GRAT 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 Stock Option (Right to Buy) Options Exercise $0 -15,213 -100% $0.000000* 0 28 Oct 2022 Common Stock 15,213 $43.65 Direct F4
transaction MRK Stock Option (Right to Buy) Options Exercise $0 -34,024 -100% $0.000000* 0 28 Oct 2022 Common Stock 34,024 $56.49 Direct F5, F6
transaction MRK Stock Option (Right to Buy) Options Exercise $0 -51,055 -100% $0.000000* 0 28 Oct 2022 Common Stock 51,055 $58.08 Direct F5, F7
* 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 $99.9650 to $100.3400, 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 The reporting person serves as the sole trustee of, and maintains complete investment control over, the Sanat Chattopadhyay 2021 Grantor Retained Annuity Trust.
F4 The option became exercisable in equal installments on 5/6/2014, 5/6/2015 and 5/6/2016.
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 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 option became exercisable in equal installments on 5/2/2015, 5/2/2016 and 5/2/2017.
F7 The option became exercisable in equal installments on 5/1/2016, 5/1/2017 and 5/1/2018.