Jennifer Zachary - Feb 3, 2023 Form 4 Insider Report for Merck & Co., Inc. (MRK)

Role
EVP, General Counsel
Signature
/s/ Kelly E. W. Grez as Attorney-in-Fact for Jennifer Zachary
Stock symbol
MRK
Transactions as of
Feb 3, 2023
Transactions value $
-$3,555,329
Form type
4
Date filed
2/6/2023, 03:21 PM
Previous filing
Jan 25, 2023
Next filing
May 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRK Common Stock Options Exercise $4.23M +75.4K +139.9% $56.04 129K Feb 3, 2023 Direct
transaction MRK Common Stock Sale -$7.78M -75.4K -58.32% $103.17 53.9K Feb 3, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MRK Stock Option (Right to Buy) Options Exercise $0 -75.4K -100% $0.00* 0 Feb 3, 2023 Common Stock 75.4K $56.04 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.0200 to $103.5450, inclusive. The reporting person undertakes to provide to Merck & Co., Inc., any security holder of Merck & Co., Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above in this footnote.
F2 Holdings include shares acquired in dividend reinvestment transactions.
F3 Exercise price and holdings reflect the adjustments that occurred as of June 2, 2021 in connection with the Organon & Co. ("Organon") spin-off as described in the registration statement on Form 10 filed with the SEC by Organon (the "Form 10"). As reported in the Form 10, all Merck stock option awards outstanding as of immediately prior to the distribution date were converted on the distribution date into adjusted Merck awards for Merck employees to preserve the same intrinsic value and general terms and conditions (including vesting) as were in place immediately prior to the adjustments.
F4 The option became exercisable in equal installments on 5/4/2019, 5/4/2020, and 5/4/2021.