Matthew Spencer George - 16 Mar 2026 Form 4 Insider Report for Merlin, Inc. (BACQ)

Role
Chief Executive Officer, Director
Signature
/s/ Leslie Renee Ravestein, Attorney-in-Fact
Issuer symbol
BACQ
Transactions as of
16 Mar 2026
Net transactions value
$0
Form type
4
Filing time
18 Mar 2026, 17:06:27 UTC
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
George Matthew Spencer Chief Executive Officer, Director C/O MERLIN, INC., 129 SOUTH STREET, BOSTON /s/ Leslie Renee Ravestein, Attorney-in-Fact 18 Mar 2026 0002117604

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BACQ Common Stock Award +14,890,622 14,890,622 16 Mar 2026 Direct F1

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 BACQ Stock Option Award +1,512,485 1,512,485 16 Mar 2026 Common Stock 1,512,485 $8.48 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities received as part of the Issuer's business combination, in connection with the Business Combination Agreement, dated as of August 13, 2025, by and among the Issuer (formerly known as Inflection Point Acquisition Corp. IV), IPDX Merger Sub, Inc., a direct wholly owned subsidiary of the Issuer, and Merlin Labs, Inc. ("Legacy Merlin"), pursuant to which the common stock of Legacy Merlin automatically converted into newly issued shares of Common Stock. In addition, each Legacy Merlin stock option was automatically converted into the right to receive stock options of the Issuer with the same terms and conditions.
F2 The stock option will vest in full on February 4, 2027.