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

Role
President, Go To Market
Signature
/s/ Kayla Dailey, as Attorney-in-Fact
Issuer symbol
MLNK
Transactions as of
17 Jun 2024
Net transactions value
-$1,635,288
Form type
4
Filing time
20 Jun 2024, 17:24:05 UTC
Previous filing
11 Apr 2024
Next filing
03 Jul 2024
SEC
View on sec.gov

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 $262,527 +43,317 +12% $6.06 413,195 17 Jun 2024 Direct F1, F2
transaction MLNK Common Stock, par value $0.001 Sale $879,647 -43,317 -10% $20.31 369,878 17 Jun 2024 Direct F1, F3
transaction MLNK Common Stock, par value $0.001 Options Exercise $214,745 +35,433 +9.6% $6.06 405,311 18 Jun 2024 Direct F1
transaction MLNK Common Stock, par value $0.001 Sale $939,642 -46,296 -11% $20.30 359,015 18 Jun 2024 Direct F1, F4
transaction MLNK Common Stock, par value $0.001 Sale $293,271 -14,320 -4% $20.48 344,695 20 Jun 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 -43,317 -55% $0.000000 35,433 17 Jun 2024 Common Stock, par value $0.001 43,317 $6.06 Direct F1, F6
transaction MLNK Stock Option (option to buy) Options Exercise $0 -35,433 -100% $0.000000* 0 18 Jun 2024 Common Stock, par value $0.001 35,433 $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.