Merit Medical Systems (MMSI) Form 4 MERIT MEDICAL SYSTEMS / Joseph Wright ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Wright Joseph

(Last) (First) (Middle)

1600 WEST MERIT PARKWAY

(Street)

SOUTH JORDAN UT 84095

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MERIT MEDICAL SYSTEMS INC [ MMSI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
CHIEF COMMERCIAL OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, No Par Value	03/04/2024		A		7,319(1)	A	$0	37,743	D
Common Stock, No Par Value	03/04/2024		A		7,110(2)	A	$0	44,853	D
Common Stock, No Par Value	03/04/2024		F		2,630(3)	D	$76.51	42,223	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-qualified stock options (right to buy)	$28.2							04/14/2018(4)	04/14/2024	Common Stock	25,000		25,000	D
Non-qualified stock options (right to buy)	$44.8							03/02/2019(5)	03/02/2025	Common Stock	25,000		25,000	D
Non-qualified stock options (right to buy)	$55.73							03/01/2020(6)	03/01/2026	Common Stock	30,000		30,000	D
Non-qualified stock options (right to buy)	$37.71							02/26/2021(7)	02/26/2027	Common Stock	16,722		16,722	D
Non-qualified stock options (right to buy)	$56.25							03/19/2022(8)	03/19/2028	Common Stock	9,681		9,681	D
Non-qualified stock options (right to buy)	$65.03							02/28/2023(9)	02/28/2029	Common Stock	8,094		8,094	D
Non-qualified stock options (right to buy)	$70.58							02/28/2024(10)	02/28/2030	Common Stock	13,576		13,576	D

Explanation of Responses:

1. Represents a grant of restricted stock units ("RSUs"). The RSUs vest in four equal annual installments on each of the first four anniversaries of the grant date, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

2. These shares were acquired upon a determination of the Company's Compensation and Talent Development Committee that certain conditions had been met for the issuance of such shares pursuant to performance stock units that were granted on 03/19/2021.

3. Reflects shares of Common Stock surrendered by the Reporting Person to satisfy tax withholding obligations in connection with the issuance of the performance stock units. These shares were not sold in an open-market transaction.

4. Becomes exercisable in equal annual installments of 20% commencing on 04/14/2018.

5. Becomes exercisable in equal annual installments of 20% commencing on 03/02/2019.

6. Becomes exercisable in equal annual installments of 20% commencing on 03/01/2020.

7. Becomes exercisable in equal annual installments of 25% commencing on 02/26/2021.

8. Becomes exercisable in equal annual installments of 25% commencing on 03/19/2022.

9. Becomes exercisable in equal annual installments of 25% commencing on 02/28/2023.

10. Becomes exercisable in equal annual installments of 25% commencing on 02/28/2024.

	/s/ Brian G. Lloyd, Attorney-in-Fact	03/06/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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