MLNK merger closing: director’s 52,048 shares and 11,862 RSUs paid out
Rhea-AI Filing Summary
MeridianLink, Inc. (MLNK) director reports merger cash-out. A Form 4 shows the reporting person, a director, disposed of 52,048 shares of common stock on October 24, 2025 in connection with the closing of the company’s merger. Each share was converted into the right to receive $20.00 in cash, without interest, pursuant to the merger agreement.
The filing notes 11,862 unvested restricted stock units were automatically canceled at the effective time and converted into a cash right equal to the merger consideration per unit. Following the transaction, the reporting person held 0 shares directly as the issuer became a wholly owned subsidiary of ML Holdco.
Positive
- None.
Negative
- None.
Insights
Director’s equity was cashed out at $20 per share upon merger.
The Form 4 reflects a change in beneficial ownership triggered by a completed merger. At the effective time on October 24, 2025, each outstanding share of MeridianLink common stock converted into a right to receive $20.00 in cash. The director’s 52,048 shares were disposed as part of this conversion, reducing direct holdings to zero.
Unvested time-based RSUs (11,862 units) were canceled and converted into a cash entitlement equal to the per-share merger consideration times the number of units. This is a standard treatment for equity awards in cash mergers, aligning RSU holders with the per-share cash payout.
The impact is administrative for this insider’s ownership and consistent with the merger terms; actual investor impact stems from the previously agreed transaction economics.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock, par value $0.001 | 52,048 | $0.00 | -- |
Footnotes (1)
- This Form 4 reports securities disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated August 11, 2025, by and among the Issuer, ML Holdco, Inc. (as successor in interest to ML Holdco, LLC), a Delaware corporation ("Parent"), and ML Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of ML Holdco ("Merger Sub"). On October 24, 2025 (the "Effective Time"), Merger Sub merged with and into the Issuer, with the Issuer surviving the merger as a wholly-owned subsidiary of Parent. Includes 11,862 unvested and outstanding restricted stock units subject to time-based vesting conditions (the "RSUs"). Each RSU represents the contingent right to receive one share of Issuer's Common Stock, par value $0.001 per share (the "Issuer Common Stock") upon vesting and settlement. Pursuant to the Merger Agreement, at the Effective Time, each RSU that was outstanding as of immediately prior to the Effective Time and held by the Reporting Person as of the Effective Time was automatically cancelled and extinguished and converted into the right to receive an amount in cash (without interest and subject to any applicable withholding or other taxes) equal to the product of (i) the Merger Consideration (as defined below) payable with respect to such RSU multiplied by (ii) the aggregate number of shares of Issuer Common Stock subject to such RSU immediately prior to the Effective Time. Pursuant to the terms of the Merger Agreement, at the Effective Time, each outstanding share of Issuer Common Stock was automatically cancelled and converted into the right to receive $20.00 in cash, without interest (the "Merger Consideration"), less any applicable withholding taxes.
