Mercury General (MCY) officer exercises RSUs, returns shares to issuer

Rhea-AI Filing Summary

Mercury General Corp executive Ximeng Simon Zhang reported RSU and common stock transactions. On February 21, 2026, he exercised 811.58 restricted stock units, the economic equivalent of 811.58 shares of common stock at a stated price of $0.00 per share, increasing his directly held common stock to 2,311.58 shares before a subsequent disposition.

The same day, 811.58 common shares were disposed of to the issuer at $86.44 per share under transaction code D, leaving 1,500 common shares directly owned. After the RSU transaction, 1,623.17 restricted stock units remained. The RSUs will vest in three equal annual installments beginning on February 21, 2026 and will be settled in cash upon vesting.

Insider Trade Summary

811.58 shares exercised/converted

Mixed 3 txns

Insider Zhang Ximeng Simon

Role See Remarks

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	811.58	$0.00	--
Exercise	Common Stock	811.58	$0.00	--
Disposition	Common Stock	811.58	$86.44	$70K

Holdings After Transaction: Restricted Stock Unit — 1,623.17 shares (Direct); Common Stock — 2,311.58 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Zhang Ximeng Simon

(Last) (First) (Middle)

C/O MERCURY GENERAL CORP.

4484 WILSHIRE BOULEVARD

(Street)

LOS ANGELES CA 90010

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MERCURY GENERAL CORP [ MCY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
02/21/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/21/2026		M		811.58	A	(1)	2,311.58	D
Common Stock	02/21/2026		D		811.58	D	$86.44	1,500	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	02/21/2026		M			811.58	(1)	(1)	Common Stock	811.58	$0	1,623.17	D

Explanation of Responses:

1. Each restricted stock unit is the economic equivalent of one share of the Issuer's Common Stock. The restricted stock units will vest in three equal annual installments beginning on February 21, 2026, and will be settled in cash upon vesting.

Remarks:

VP and Chief Data & Analytics Officer

	/s/ Judy Walters, Attorney-in-Fact	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Mercury General (MCY) officer Ximeng Simon Zhang report?

Ximeng Simon Zhang reported exercising 811.58 restricted stock units into common stock and then disposing of 811.58 common shares to Mercury General under transaction code D, leaving 1,500 common shares directly owned and 1,623.17 restricted stock units outstanding.

How many restricted stock units does the Mercury General (MCY) officer hold after the transactions?

After the reported transactions, Ximeng Simon Zhang holds 1,623.17 restricted stock units. Each unit is economically equivalent to one share of Mercury General common stock and will be settled in cash when it vests according to the disclosed vesting schedule.

What is the vesting schedule for Mercury General (MCY) restricted stock units in this Form 4?

The restricted stock units will vest in three equal annual installments beginning on February 21, 2026. Upon each vesting date, the units will be settled in cash rather than shares, based on their economic equivalence to Mercury General common stock.

At what price were Mercury General (MCY) shares disposed of to the issuer?

The 811.58 shares of Mercury General common stock were disposed of to the issuer at $86.44 per share under transaction code D, which denotes a disposition to the issuer rather than an open-market sale, adjusting the officer’s directly held share balance.

How did these transactions change the Mercury General (MCY) officer’s common stock holdings?

Following the RSU exercise and subsequent disposition to the issuer, Ximeng Simon Zhang’s directly owned Mercury General common stock decreased to 1,500 shares. Before the disposition, his direct common stock position briefly totaled 2,311.58 shares after receiving shares from the RSU exercise.