Stock Trading Canary

United States · SEC Form 4 · Snapshot date: 2026-10-19 · Built: 2026-10-19 · 中文

← United States · Coverage record

US · SEC FORM 4

Merlin, Inc.

MRLN · Nasdaq · CIK 0002028707 · Technology · Aerospace & Defense

INSIDER SIGNAL

No active buy signal

0 qualifying P purchase groups
in the current 180-day scoring window

16 Form 4 transaction lines observed in the same window
0 sales · 16 option, withholding, award, gift or other lines

Last qualifying purchase2025-12-09 · GOLDMAN SACHS & CO. LLC; GOLDMAN SACHS GROUP INC · $55

WHY NO ACTIVE SIGNAL?

Purchase activityNone
Recent buyingNone
Recent salesNone
Buy signal statusInactive
Score anatomy

No score is calculated because there is no qualifying purchase in the active window. Unavailable inputs are not treated as zero or as a bearish signal.

ClusterNot calculated
Purchase sizeNot calculated
RoleNot calculated
RecencyNot calculated
ConvictionNot calculated

Why is there no score?

  • No qualifying open-market purchase supplies cluster, size, role, recency or conviction inputs.
  • Sales and other Form 4 activity remain visible as context and do not create a negative score.

Sales and other Form 4 activity are shown separately and do not create a negative buy signal. Absence of buying is not scored as bearish.

Purchase breadth, concentration & cluster buying

These modules activate when qualifying purchases enter the 180-day research window.

Insider activity timeline

Owner lanes show the latest 180 days. Symbol shape identifies the transaction type; sales remain context only.

AprMayJunJulAugSepOct
Carrithers Ryan MichaelCFO & Treasurer
○○
BLITZER MICHAELDirector
○○
Ravestein Leslie ReneeCLO and Secretary
○○
George Matthew SpencerChief Executive Officer
○○
Braithwaite Kenneth JohnDirector
○
Smith Robert HansonDirector
○
● Purchase▼ Sale○ Other

Showing the six most active owners; 5 additional owner(s) remain in Form 4 evidence.

SIGNAL HISTORY

No recorded active-signal snapshot

Scores are archived only when the company qualifies for a published US buy-signal snapshot. Last qualifying purchase: 2025-12-09 · GOLDMAN SACHS & CO. LLC; GOLDMAN SACHS GROUP INC.

Recent Form 4 activity

10Purchases
17Sales
19Other Form 4 lines
18SEC filings · 365 days
BUYING0 qualifying P line(s) · 180 days
SELLING0 sale line(s) · context only
OTHER16 exercise / withholding / award / gift / other lines
10b5-1 / PLANNEDNot assessed

P is an open-market or private purchase. S is a sale. M, F, A and G usually describe exercises, tax withholding, awards and gifts. These categories remain visually separate.

Market context

Market context provides additional background on recent price performance and risk. It does not affect the Insider Signal.

Price performance

1M
-40.0%
3M
-64.6%
6M
-79.3%
12M
—

Volatility & liquidity

Volatility
117.0%
Beta
—
Avg daily value
—

Valuation

Market cap
—
P/E
—

Fundamentals

Profit margin
—
ROE
—
Industry
Aerospace & Defense

Market data

Price data up to: 2026-10-04 · Price source: OpenBB/yfinance · Status: PASS

Short interest

Short interest is external context reported to FINRA by broker-dealers. It does not affect the Insider Signal.

Shares short
12,170,121
Previous report
10,536,893
Avg daily volume
5,776,043
Days to cover
2.1

FINRA settlement date: 2026-09-30 · Captured 2026-10-12 · FINRA equity short interest ↗. A share count, published about a week after each of two settlement dates a month; not a percentage of shares outstanding.

Historical equity purchases

Qualifying code P transactions in the local Form 4 history, including purchases outside the current signal window.

Transaction dateReporting ownerTypeSecuritySharesAvg. priceApprox. valueSource
2025-12-09GOLDMAN SACHS & CO. LLC; GOLDMAN SACHS GROUP INCPurchase (P)Class A Common Stock, par value $0.0001 per share5USD 10.96USD 55SEC filing ↗
2025-12-08GOLDMAN SACHS & CO. LLC; GOLDMAN SACHS GROUP INCPurchase (P)Class A Common Stock, par value $0.0001 per share316USD 11.00USD 3,475SEC filing ↗
2025-12-05GOLDMAN SACHS & CO. LLC; GOLDMAN SACHS GROUP INCPurchase (P)Class A Common Stock, par value $0.0001 per share3,930USD 10.79USD 42,397SEC filing ↗
2024-11-04Bleichroeder Sponsor 1 LLC; Combes Michel; Gundlach AndrewPurchase (P)Class A ordinary shares425,000USD 10.00USD 4,250,000SEC filing ↗

Form 4 evidence

46 transaction lines in the latest 365-day window; 47 in local history.

DateOwnerTypeSecuritySharesAvg. priceApprox. valueSource
2026-09-16Ravestein Leslie ReneeTax withholding (F)Common stock1,101USD 2.21USD 2,433SEC filing ↗
2026-09-16George Matthew SpencerTax withholding (F)Common stock1,468USD 2.21USD 3,244SEC filing ↗
2026-09-16FR Capital Holdings, L.P.J (J)Common Stock, par value $0.0001 per share11,748,961USD 0.00USD 0SEC filing ↗
Show recent Form 4 evidence (25 grouped rows)
DateOwnerTypeSecuritySharesAvg. priceApprox. valueSource
2026-09-16Ravestein Leslie ReneeTax withholding (F)Common stock1,101USD 2.21USD 2,433SEC filing ↗
2026-09-16George Matthew SpencerTax withholding (F)Common stock1,468USD 2.21USD 3,244SEC filing ↗
2026-09-16FR Capital Holdings, L.P.J (J)Common Stock, par value $0.0001 per share11,748,961USD 0.00USD 0SEC filing ↗
2026-09-16Carrithers Ryan MichaelTax withholding (F)Common stock1,073USD 2.21USD 2,371SEC filing ↗
2026-09-16BLITZER MICHAELJ (J)Common stock262,500USD —USD —SEC filing ↗
2026-05-20Trabuco CarolynAward / grant (A)Common stock37,500USD —USD —SEC filing ↗
2026-05-20Smith Robert HansonAward / grant (A)Common stock37,500USD —USD —SEC filing ↗
2026-05-20Ravestein Leslie ReneeAward / grant (A)Common stock199,036USD —USD —SEC filing ↗
2026-05-20Montelongo MichaelAward / grant (A)Common stock37,500USD —USD —SEC filing ↗
2026-05-20George Matthew SpencerAward / grant (A)Common stock531,807USD —USD —SEC filing ↗
2026-05-20Carrithers Ryan MichaelAward / grant (A)Common stock256,416USD —USD —SEC filing ↗
2026-05-20Brunner Mark RawlinsAward / grant (A)Common stock225,904USD —USD —SEC filing ↗
2026-05-20Braithwaite Kenneth JohnAward / grant (A)Common stock37,500USD —USD —SEC filing ↗
2026-05-20BRANNON KELYNAward / grant (A)Common stock37,500USD —USD —SEC filing ↗
2026-05-20BLITZER MICHAELAward / grant (A)Common stock37,500USD —USD —SEC filing ↗
2026-03-16George Matthew SpencerAward / grant (A)Common Stock14,890,622USD —USD —SEC filing ↗
2026-03-16Bleichroeder Sponsor 1 LLC; Combes Michel; Gundlach AndrewOption exercise / conversion (M)Class A ordinary shares42,500USD —USD —SEC filing ↗
2026-03-13Bleichroeder Sponsor 1 LLC; Combes Michel; Gundlach AndrewOption exercise / conversion (M)Class A ordinary shares8,333,333USD —USD —SEC filing ↗
2025-12-09GOLDMAN SACHS & CO. LLC; GOLDMAN SACHS GROUP INCSale (S)Class A Common Stock, par value $0.0001 per share3USD 10.95USD 33SEC filing ↗
2025-12-09GOLDMAN SACHS & CO. LLC; GOLDMAN SACHS GROUP INCPurchase (P)Class A Common Stock, par value $0.0001 per share5USD 10.96USD 55SEC filing ↗
2025-12-08GOLDMAN SACHS & CO. LLC; GOLDMAN SACHS GROUP INCSale (S)Class A Common Stock, par value $0.0001 per share379USD 11.00USD 4,168SEC filing ↗
2025-12-08GOLDMAN SACHS & CO. LLC; GOLDMAN SACHS GROUP INCPurchase (P)Class A Common Stock, par value $0.0001 per share316USD 11.00USD 3,475SEC filing ↗
2025-12-05GOLDMAN SACHS & CO. LLC; GOLDMAN SACHS GROUP INCSale (S)Class A Common Stock, par value $0.0001 per share4,444USD 10.80USD 48,013SEC filing ↗
2025-12-05GOLDMAN SACHS & CO. LLC; GOLDMAN SACHS GROUP INCPurchase (P)Class A Common Stock, par value $0.0001 per share3,930USD 10.79USD 42,397SEC filing ↗
2025-11-28GOLDMAN SACHS & CO. LLC; GOLDMAN SACHS GROUP INCSale (S)Class A Common Stock, par value $0.0001 per share45USD 10.73USD 483SEC filing ↗

Multiple price lines in one filing are grouped and share-weighted. Price and value are blank when a grouped filing line lacks price evidence.

Snapshot & identity

Snapshot date2026-10-19
Ranking versionUS-v1.2
Data qualityPASS ELIGIBLE · —
TickerMRLN
CIK0002028707
SectorTechnology
IndustryAerospace & Defense Yahoo Finance
SEC SIC7373 Services-Computer Integrated Systems Design
ExchangeNasdaq

Data coverage

Local Form 4 history47 transaction lines from 2024-11-04 to 2026-09-16
11 P purchase lines · 17 S sale lines · 19 other lines
SEC company submissionsOpen SEC filings ↗

Local ledger as of 2026-10-19. Mapping status is an audit field and does not erase SEC filing evidence.