Brian G. Lloyd - Feb 27, 2025 Form 4 Insider Report for MERIT MEDICAL SYSTEMS INC (MMSI)

Signature
/s/ Brian G. Lloyd
Stock symbol
MMSI
Transactions as of
Feb 27, 2025
Transactions value $
-$1,781,003
Form type
4
Date filed
3/3/2025, 08:24 PM
Previous filing
Mar 15, 2024
Next filing
Mar 6, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMSI Common Stock, No Par Value Award $0 +11.5K +46.88% $0.00 36.1K Feb 27, 2025 Direct F1
transaction MMSI Common Stock, No Par Value Tax liability -$414K -4.2K -11.62% $98.50 31.9K Feb 27, 2025 Direct F2
transaction MMSI Common Stock, No Par Value Award $0 +7.06K +22.09% $0.00 39K Feb 28, 2025 Direct F3
transaction MMSI Common Stock, No Par Value Options Exercise $1.12M +25K +64.11% $44.80 64K Feb 28, 2025 Direct
transaction MMSI Common Stock, No Par Value Sale -$2.49M -25K -39.07% $99.50 39K Feb 28, 2025 Direct F4

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 MMSI Non-qualified stock options (right to buy) Options Exercise $0 -25K -100% $0.00 0 Feb 28, 2025 Common Stock 25K $44.80 Direct F5
holding MMSI Non-qualified stock options (right to buy) 30K Feb 27, 2025 Common Stock 30K $55.73 Direct F6
holding MMSI Non-qualified stock options (right to buy) 16.7K Feb 27, 2025 Common Stock 16.7K $37.71 Direct F7
holding MMSI Non-qualified stock options (right to buy) 9.68K Feb 27, 2025 Common Stock 9.68K $56.25 Direct F8
holding MMSI Non-qualified stock options (right to buy) 8.09K Feb 27, 2025 Common Stock 8.09K $65.03 Direct F9
holding MMSI Non-qualified stock options (right to buy) 13.6K Feb 27, 2025 Common Stock 13.6K $70.58 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were acquired upon a determination of the Company's Compensation and Talent Development Committee that certain conditions had been met for the issuance of such shares pursuant to performance stock units that were granted on 02.28.2022.
F2 The Reporting Person surrendered 4,198 shares of common stock to the Issuer for payroll taxes. No shares were sold in the open market.
F3 Represents a grant of restricted stock units ("RSUs"). The RSUs vest in three equal annual installments on each of the first three anniversaries of the grant date, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.
F4 The price reported in Column 4 of Table 1 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.56 to $100.0525, inclusive. The Reporting Person undertakes to provide to Merit Medical Systems, Inc., any security holder of Merit Medical Systems, Inc., 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 Form 4.
F5 Become exercisable in equal annual installments of 20% commencing on 03/02/2019.
F6 Become exercisable in equal annual installments of 20% commencing on 03/01/2020.
F7 Become exercisable in equal annual installments of 25% commencing on 02/26/2021.
F8 Become exercisable in equal annual installments of 25% commencing on 03/19/2022.
F9 Becomes exercisable in equal annual installments of 25% commencing 02/28/2023.
F10 Become exercisable in equal annual installments of 25% commencing on 02/28/2024.