KELLOGG PETER R purchased 332.1% of their position (1.01M shares) of MERCER INTERNATIONAL INC. on the open market

Open‑market purchase worth $1.88M — a major conviction buy. The strongest form of insider conviction signal.

P · 29 purchases

KELLOGG PETER R

Filed: 12/9/2025ACC: 0001104659-25-119790

InsiderKELLOGG PETER RCIK 897485

→

IssuerMERCER INTERNATIONAL INC.CIK 1333274

10% Owner

Since Jul 2025

+1.01M

Net shares

Net buyer

$1.88M

Total acquired

Open market trades

29B · 0S

Total transactions

1.01M acquired

Non-Derivative Transactions29

Common Stock

Indirect

P · Purchase

+3.70K

Price / share

$2.79

Trade value

$10.32K

% of position

0.4%

10/3/2025

860K→863.70K

Common Stock

Indirect

P · Purchase

+3.12K

Price / share

$2.79

Trade value

$8.71K

% of position

0.4%

10/3/2025

863.70K→866.82K

Common Stock

Indirect

P · Purchase

+7.70K

Price / share

$2.44

Trade value

$18.79K

% of position

0.9%

10/28/2025

866.82K→874.52K

Common Stock

Indirect

P · Purchase

+41.78K

Price / share

$2.44

Trade value

$101.94K

% of position

4.8%

10/28/2025

874.52K→916.30K

Common Stock

Indirect

P · Purchase

+17K

Price / share

$2.27

Trade value

$38.59K

% of position

1.9%

10/29/2025

916.30K→933.30K

Common Stock

Indirect

P · Purchase

+17K

Price / share

$2.26

Trade value

$38.42K

% of position

1.8%

10/29/2025

933.30K→950.30K

Common Stock

Indirect

P · Purchase

+19K

Price / share

$2.27

Trade value

$43.13K

% of position

2.0%

10/29/2025

950.30K→969.30K

Common Stock

Indirect

P · Purchase

+5.54K

Price / share

$2.27

Trade value

$12.58K

% of position

0.6%

10/29/2025

969.30K→974.84K

Common Stock

Indirect

P · Purchase

+18.65K

Price / share

$2.11

Trade value

$39.35K

% of position

1.9%

10/30/2025

974.84K→993.49K

Common Stock

Indirect

P · Purchase

+350.00

Price / share

$2.11

Trade value

$738.50

% of position

0.0%

10/30/2025

993.49K→993.84K

Common Stock

Indirect

P · Purchase

+6.16K

Price / share

$2.11

Trade value

$13K

% of position

0.6%

10/30/2025

993.84K→1M

Common Stock

Direct

P · Purchase

+36K

Price / share

$2.07

Trade value

$74.52K

% of position

5.9%

10/30/2025

610K→646K

Common Stock

Indirect

P · Purchase

+36.60K

Price / share

$1.93

Trade value

$70.64K

% of position

3.7%

11/4/2025

1M→1.04M

Common Stock

Indirect

P · Purchase

+36K

Price / share

$1.88

Trade value

$67.68K

% of position

3.5%

11/5/2025

1.04M→1.07M

Common Stock

Indirect

P · Purchase

+36K

Price / share

$1.91

Trade value

$68.76K

% of position

3.4%

11/5/2025

1.07M→1.11M

Common Stock

Indirect

P · Purchase

+25.94K

Price / share

$1.92

Trade value

$49.80K

% of position

2.3%

11/5/2025

1.11M→1.13M

Common Stock

Indirect

P · Purchase

+36K

Price / share

$1.87

Trade value

$67.32K

% of position

3.2%

11/6/2025

1.13M→1.17M

Common Stock

Indirect

P · Purchase

+285.00

Price / share

$1.84

Trade value

$524.40

% of position

0.0%

11/6/2025

1.17M→1.17M

Common Stock

Indirect

P · Purchase

+35.72K

Price / share

$1.89

Trade value

$67.50K

% of position

3.1%

11/6/2025

1.17M→1.21M

Common Stock

Indirect

P · Purchase

+58K

Price / share

$1.86

Trade value

$107.88K

% of position

4.8%

11/6/2025

1.21M→1.26M

Common Stock

Indirect

P · Purchase

+6.10K

Price / share

$1.56

Trade value

$9.51K

% of position

0.5%

11/7/2025

1.26M→1.27M

Common Stock

Indirect

P · Purchase

+1.20K

Price / share

$1.61

Trade value

$1.93K

% of position

0.1%

11/7/2025

1.27M→1.27M

Common Stock

Indirect

P · Purchase

+28.70K

Price / share

$1.67

Trade value

$47.93K

% of position

2.3%

11/7/2025

1.27M→1.30M

Common Stock

Indirect

P · Purchase

+18K

Price / share

$1.79

Trade value

$32.22K

% of position

1.4%

11/7/2025

1.30M→1.32M

Common Stock

Indirect

P · Purchase

+70K

Price / share

$1.72

Trade value

$120.40K

% of position

7.0%

11/12/2025

1M→1.07M

Common Stock

Indirect

P · Purchase

+25K

Price / share

$1.69

Trade value

$42.25K

% of position

2.3%

11/12/2025

1.07M→1.09M

Common Stock

Indirect

P · Purchase

+200K

Price / share

$1.68

Trade value

$336K

% of position

15.2%

11/12/2025

1.32M→1.52M

Common Stock

Indirect

P · Purchase

+100K

Price / share

$1.72

Trade value

$172K

% of position

9.1%

11/13/2025

1.09M→1.20M

Common Stock

Indirect

P · Purchase

+125K

Price / share

$1.74

Trade value

$217.50K

% of position

10.5%

11/13/2025

1.20M→1.32M

Total

Net shares

+1.01M

Net value

$1.88M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	10/3/2025	P · Purchase	+3.70K	$2.79	$10.32K	0.4%	860K	863.70K
Common Stock Indirect	10/3/2025	P · Purchase	+3.12K	$2.79	$8.71K	0.4%	863.70K	866.82K
Common Stock Indirect	10/28/2025	P · Purchase	+7.70K	$2.44	$18.79K	0.9%	866.82K	874.52K
Common Stock Indirect	10/28/2025	P · Purchase	+41.78K	$2.44	$101.94K	4.8%	874.52K	916.30K
Common Stock Indirect	10/29/2025	P · Purchase	+17K	$2.27	$38.59K	1.9%	916.30K	933.30K
Common Stock Indirect	10/29/2025	P · Purchase	+17K	$2.26	$38.42K	1.8%	933.30K	950.30K
Common Stock Indirect	10/29/2025	P · Purchase	+19K	$2.27	$43.13K	2.0%	950.30K	969.30K
Common Stock Indirect	10/29/2025	P · Purchase	+5.54K	$2.27	$12.58K	0.6%	969.30K	974.84K
Common Stock Indirect	10/30/2025	P · Purchase	+18.65K	$2.11	$39.35K	1.9%	974.84K	993.49K
Common Stock Indirect	10/30/2025	P · Purchase	+350.00	$2.11	$738.50	0.0%	993.49K	993.84K
Common Stock Indirect	10/30/2025	P · Purchase	+6.16K	$2.11	$13K	0.6%	993.84K	1M
Common Stock Direct	10/30/2025	P · Purchase	+36K	$2.07	$74.52K	5.9%	610K	646K
Common Stock Indirect	11/4/2025	P · Purchase	+36.60K	$1.93	$70.64K	3.7%	1M	1.04M
Common Stock Indirect	11/5/2025	P · Purchase	+36K	$1.88	$67.68K	3.5%	1.04M	1.07M
Common Stock Indirect	11/5/2025	P · Purchase	+36K	$1.91	$68.76K	3.4%	1.07M	1.11M
Common Stock Indirect	11/5/2025	P · Purchase	+25.94K	$1.92	$49.80K	2.3%	1.11M	1.13M
Common Stock Indirect	11/6/2025	P · Purchase	+36K	$1.87	$67.32K	3.2%	1.13M	1.17M
Common Stock Indirect	11/6/2025	P · Purchase	+285.00	$1.84	$524.40	0.0%	1.17M	1.17M
Common Stock Indirect	11/6/2025	P · Purchase	+35.72K	$1.89	$67.50K	3.1%	1.17M	1.21M
Common Stock Indirect	11/6/2025	P · Purchase	+58K	$1.86	$107.88K	4.8%	1.21M	1.26M
Common Stock Indirect	11/7/2025	P · Purchase	+6.10K	$1.56	$9.51K	0.5%	1.26M	1.27M
Common Stock Indirect	11/7/2025	P · Purchase	+1.20K	$1.61	$1.93K	0.1%	1.27M	1.27M
Common Stock Indirect	11/7/2025	P · Purchase	+28.70K	$1.67	$47.93K	2.3%	1.27M	1.30M
Common Stock Indirect	11/7/2025	P · Purchase	+18K	$1.79	$32.22K	1.4%	1.30M	1.32M
Common Stock Indirect	11/12/2025	P · Purchase	+70K	$1.72	$120.40K	7.0%	1M	1.07M
Common Stock Indirect	11/12/2025	P · Purchase	+25K	$1.69	$42.25K	2.3%	1.07M	1.09M
Common Stock Indirect	11/12/2025	P · Purchase	+200K	$1.68	$336K	15.2%	1.32M	1.52M
Common Stock Indirect	11/13/2025	P · Purchase	+100K	$1.72	$172K	9.1%	1.09M	1.20M
Common Stock Indirect	11/13/2025	P · Purchase	+125K	$1.74	$217.50K	10.5%	1.20M	1.32M
Total			+1.01M		$1.88M

Derivative Transactions0

No derivative transactions reported

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect

Shares owned2.30M

Total

2.30M indirect2.30M

Security Title	Shares Owned	Ownership Type
Common Stock	2.30M	Indirect
Total	2.30M	2.30M indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported