Peter B. Silverman - 10 Mar 2022 Form 4 Insider Report for Merus N.V. (MRUS)

Role: EVP, GC and Head of Utrecht
Signature: /s/ Peter Silverman as attorney-in-fact
Issuer symbol: MRUS
Transactions as of: 10 Mar 2022
Net transactions value: -$947,400
Form type: 4
Filing time: 11 Mar 2022, 13:34:36 UTC
Previous filing: 02 Feb 2022
Next filing: 06 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRUS	Common Shares	Options Exercise	$669,600	+60,000		$11.16	60,000	10 Mar 2022	Direct	F1
transaction	MRUS	Common Shares	Sale	$1,617,000	-60,000	-100%	$26.95	0	10 Mar 2022	Direct	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	MRUS	Share Option (right to buy)	Options Exercise	$0	-60,000	-74%	$0.000000	21,100	10 Mar 2022	Common Shares	60,000	$11.16	Direct	F1, F3, F4

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

Explanation of Responses:

Id	Content
F1	Represents the exercise price of the options originally granted on February 20, 2019.
F2	Amount represents the weighted average price of shares sold, which ranged from $26.50 to $27.36. Details of individual transactions are available upon request.
F3	Options vest over a four-year period commencing February 20, 2019. 25% vest after one year and in 36 equal monthly installments thereafter.
F4	Number of derivative securities beneficially owned following the reported transaction is in reference to the number of options that remain outstanding of those originally granted on February 20, 2019.