Peter Silverman - Mar 10, 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
Stock symbol: MRUS
Transactions as of: Mar 10, 2022
Transactions value $: -$947,400
Form type: 4
Date filed: 3/11/2022, 01:34 PM
Previous filing: Feb 2, 2022
Next filing: Jan 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRUS	Common Shares	Options Exercise	$670K	+60K		$11.16	60K	Mar 10, 2022	Direct	F1
transaction	MRUS	Common Shares	Sale	-$1.62M	-60K	-100%	$26.95	0	Mar 10, 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	-60K	-73.98%	$0.00	21.1K	Mar 10, 2022	Common Shares	60K	$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.