BLEICHROEDER SPONSOR 1 LLC exercised options at MERLIN, INC.
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 2 exercises
Filed: 3/18/2026ACC: 0001213900-26-030016
-382.50K
Net shares
Net seller
$0.00
Total acquired
0
Open market trades
0B · 0S
4
Total transactions
8.38M acquired · 8.76M disposed
Non-Derivative Transactions2
Class A ordinary shares
Direct
Shares
+8.33M
Price / share
—
Trade value
—
% of position
1960.8%
3/13/2026
425K→8.76M
Class A ordinary shares
Direct
Shares
+42.50K
Price / share
—
Trade value
—
% of position
0.5%
3/16/2026
8.76M→8.80M
Total
Net shares
+8.38M
Net value
$0.00
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Class A ordinary shares Direct | 3/13/2026 | M · Option Exercise | +8.33M | — | — | 1960.8% | 425K | 8.76M |
| Class A ordinary shares Direct | 3/16/2026 | M · Option Exercise | +42.50K | — | — | 0.5% | 8.76M | 8.80M |
| Total | +8.38M | $0.00 | ||||||
Derivative Transactions2
Class B ordinary shares
Direct
Converts to
Class A ordinary shares
8.33M shares
Shares
−8.33M
Strike price
Held after
0.00
Exercisable
—
3/13/2026
Rights
Direct
Converts to
Rights
42.50K shares
Shares
−425K
Strike price
Held after
0.00
Exercisable
—
3/16/2026
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Class B ordinary shares Direct | Class A ordinary shares8.33M shares | 3/13/2026 | M · Option Exercise | −8.33M | — | 0.00 | |
| Rights Direct | Rights42.50K shares | 3/16/2026 | M · Option Exercise | −425K | — | 0.00 |