Kenneth C. Frazier - 03 Nov 2022 Form 4 Insider Report for Merck & Co., Inc. (MRK)

Signature
/s/ Kelly E. W. Grez as Attorney-in-Fact for Kenneth C. Frazier
Issuer symbol
MRK
Transactions as of
03 Nov 2022
Net transactions value
-$46,372,118
Form type
4
Filing time
07 Nov 2022, 15:06:49 UTC
Previous filing
03 Nov 2022
Next filing
08 Nov 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRK Common Stock Options Exercise $0 +235,000 +34% $0.000000 935,653 03 Nov 2022 Direct
transaction MRK Common Stock Sale $21,178,084 -214,617 -23% $98.68 721,036 03 Nov 2022 Direct F1
transaction MRK Common Stock Sale $2,019,804 -20,383 -2.8% $99.09 700,653 03 Nov 2022 Direct F2
transaction MRK Common Stock Options Exercise $0 +235,000 +34% $0.000000 935,653 04 Nov 2022 Direct
transaction MRK Common Stock Sale $19,725,241 -200,190 -21% $98.53 735,463 04 Nov 2022 Direct F3
transaction MRK Common Stock Sale $3,448,989 -34,810 -4.7% $99.08 700,653 04 Nov 2022 Direct F4, F5
holding MRK Common Stock - 401(k) Plan 4,481 03 Nov 2022 By 401(k) F6

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 -235,000 -33% $0.000000 470,769 03 Nov 2022 Common Stock 235,000 $53.06 Direct F7
transaction MRK Stock Option (Right to Buy) Options Exercise $0 -235,000 -50% $0.000000 235,769 04 Nov 2022 Common Stock 235,000 $53.06 Direct 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 $98.0500 to $99.0500, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.0600 to $99.2000, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.9700 to $98.9700, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.9800 to $99.2800, 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.
F5 Holdings include shares acquired in dividend reinvestment transactions.
F6 Includes shares acquired and dividends earned through October 7, 2022 in the Merck U.S. Savings Plan, a 401(k) plan.
F7 The option became exercisable in equal installments on 5/10/2017, 5/10/2018 and 5/10/2019.