Meridian Holdings Inc./NV · Exercise / conversion · Common Stock

What does this filing report?

An SEC Form 4 filing for Meridian Holdings Inc./NV records an exercise / conversion involving Common Stock on December 12, 2025. The reported quantity was 1,000,000. The filing date is December 16, 2025. This is one transaction record; amounts are not allocated among any joint reporting owners.

The acquisition category describes how securities were received. It does not by itself establish a cash purchase of common stock. Read the transaction code definitionsand the original filing before interpreting the amounts.

Filing footnotes & remarks

F1

These shares were sold in multiple transactions at prices ranging from $0.72 to $0.82, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the 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. Shares were sold pursuant to a Rule 10b5-1 trading plan.

F2

Shares held by Luxor Capital LLC, which is wholly-owned by Mr. Goodman.

F3

Represents the vesting of 300,000 restricted stock units (RSUs) held by Mr. Goodman, which vested in full upon his resignation as an officer and director of the Issuer effective December 12, 2025, pursuant to the terms of that certain Severance and Release Agreement dated November 25, 2025, which RSUs were settled in shares of common stock.

F4

Each RSU represented the contingent right to receive, at settlement, one share of common stock.

F5

Securities held by Anthony Brian Goodman.

F6

On December 12, 2025, Mr. Goodman converted all 1,000 outstanding shares of Series B Voting Preferred Stock of the Issuer which he then held into 1,000,000 shares of common stock (1,000 shares of common stock for each share of Series B Voting Preferred Stock converted), in accordance with the terms of such preferred stock and the optional conversion right set forth therein.

F7

The RSUs were to vest, if at all, upon the Issuer meeting certain (1) revenue and (2) Adjusted EBITDA targets as of the end of fiscal 2025. Restricted stock units do not expire; they either vest or are canceled prior to vesting date. The vesting of the RSUs was accelerated as discussed in footnote 3, above.

F8

These shares were sold in multiple transactions at prices ranging from $0.78 to $0.83, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the 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. Shares were sold pursuant to a Rule 10b5-1 trading plan.

Footnotes are reproduced as plain text from the current source filing. For the full context, read the original SEC filing.