Chris Maloof - Jun 17, 2024 Form 4 Insider Report for MeridianLink, Inc. (MLNK)

Role
President, Go To Market
Signature
/s/ Kayla Dailey, as Attorney-in-Fact
Stock symbol
MLNK
Transactions as of
Jun 17, 2024
Transactions value $
-$1,635,288
Form type
4
Date filed
6/20/2024, 05:24 PM
Previous filing
Apr 11, 2024
Next filing
Jul 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MLNK Common Stock, par value $0.001 Options Exercise $263K +43.3K +11.71% $6.06 413K Jun 17, 2024 Direct F1, F2
transaction MLNK Common Stock, par value $0.001 Sale -$880K -43.3K -10.48% $20.31 370K Jun 17, 2024 Direct F1, F3
transaction MLNK Common Stock, par value $0.001 Options Exercise $215K +35.4K +9.58% $6.06 405K Jun 18, 2024 Direct F1
transaction MLNK Common Stock, par value $0.001 Sale -$940K -46.3K -11.42% $20.30 359K Jun 18, 2024 Direct F1, F4
transaction MLNK Common Stock, par value $0.001 Sale -$293K -14.3K -3.99% $20.48 345K Jun 20, 2024 Direct F1, F5

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 MLNK Stock Option (option to buy) Options Exercise $0 -43.3K -55.01% $0.00 35.4K Jun 17, 2024 Common Stock, par value $0.001 43.3K $6.06 Direct F1, F6
transaction MLNK Stock Option (option to buy) Options Exercise $0 -35.4K -100% $0.00* 0 Jun 18, 2024 Common Stock, par value $0.001 35.4K $6.06 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 18, 2024.
F2 Includes 900 shares of common stock acquired on April 30, 2024, pursuant to the MeridianLink, Inc. Employee Stock Purchase Plan.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.49, inclusive. The Reporting Person undertakes to provide to Issuer, any security holder of Issuer, 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 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 $20.17 to $20.40, inclusive. The Reporting Person undertakes to provide to Issuer, any security holder of Issuer, 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 in this footnote.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.01 to $20.72, inclusive. The Reporting Person undertakes to provide to Issuer, any security holder of Issuer, 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 in this footnote.
F6 With respect to (i) 75,000 of the shares underlying the option, such shares vested upon the Issuer's achievement of a predetermined EBITDA metric on each of December 31, 2019, 2020, 2021, and 2022; and (ii) 60,000 of the shares underlying the option, 25% of such shares vested on October 14, 2020, and the remaining 75% of such shares vested in 36 equal monthly instalments thereafter, in each case subject to the reporting person's continued service through the applicable vesting date.