GAVEGNANO RICHARD J (Chairman, President and CEO) exercised options at MERIDIAN BANCORP, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

GAVEGNANO RICHARD J

Filed: 8/12/2021ACC: 0001209191-21-051094

InsiderGAVEGNANO RICHARD JCIK 1416347

→

IssuerMERIDIAN BANCORP, INC.CIK 1600125

DirectorOfficer· Chairman, President and CEO

Since Aug 2018

-447.17K

Net shares

Net seller

$9.26M

Total sold

Open market trades

0B · 0S

Total transactions

525K acquired · 972.17K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+375K

Price / share

$14.20

Trade value

$5.33M

% of position

40.5%

8/11/2021

925.36K→1.30M

Common Stock

Direct

F · Tax Withholding

−309.47K

Price / share

$20.70

Trade value

$6.41M

% of position

23.8%

8/11/2021

1.30M→990.89K

Common Stock

Direct

M · Option Exercise

+150K

Price / share

$17.65

Trade value

$2.65M

% of position

15.1%

8/11/2021

990.89K→1.14M

Common Stock

Direct

F · Tax Withholding

−137.70K

Price / share

$20.70

Trade value

$2.85M

% of position

12.1%

8/11/2021

1.14M→1M

Total

Net shares

+77.83K

Net value

-$1.28M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	8/11/2021	M · Option Exercise	+375K	$14.20	$5.33M	40.5%	925.36K	1.30M
Common Stock Direct	8/11/2021	F · Tax Withholding	−309.47K	$20.70	$6.41M	23.8%	1.30M	990.89K
Common Stock Direct	8/11/2021	M · Option Exercise	+150K	$17.65	$2.65M	15.1%	990.89K	1.14M
Common Stock Direct	8/11/2021	F · Tax Withholding	−137.70K	$20.70	$2.85M	12.1%	1.14M	1M
Total			+77.83K		-$1.28M

Derivative Transactions2

Stock Appreciation Rights

Direct

M · Option Exercise

Converts to

Common Stock

375K shares

−375K

Strike price

14.20

Held after

0.00

Exercisable

—

8/11/2021

Stock Appreciation Rights

Direct

M · Option Exercise

Converts to

Common Stock

150K shares

−150K

Strike price

17.65

Held after

37.50K

Exercisable

—

8/11/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Appreciation Rights Direct	Common Stock375K shares	8/11/2021	M · Option Exercise	−375K	14.20	—	0.00
Stock Appreciation Rights Direct	Common Stock150K shares	8/11/2021	M · Option Exercise	−150K	17.65	—	37.50K

Non-Derivative Holdings (Post-Transaction)3

Common Stock

Indirect

Shares owned17.34K

Common Stock

Indirect

Shares owned8.14K

Common Stock

Indirect

Shares owned25K

Total

50.48K indirect50.48K

Security Title	Shares Owned	Ownership Type
Common Stock	17.34K	Indirect
Common Stock	8.14K	Indirect
Common Stock	25K	Indirect
Total	50.48K	50.48K indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported