Former CEO Goodman and Luxor Capital Sell 318K Shares, Stake Drops to 7.45%
MRDN has more than doubled off its 52-week low of $5.8.
Summary
Former CEO Anthony Brian Goodman and his investment vehicle Luxor Capital sold 318,402 shares of Meridian Holdings over two months, reducing their combined stake to 9.67% of the company.
Key Events · Ownership and Investor Activity · MRDN
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Insider Selling Continues
Anthony Brian Goodman and Luxor Capital, LLC sold 318,402 shares between June 15 and August 13, 2026, at prices ranging from $12.50 to $14.33.
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Ownership Stake Reduced
Goodman's beneficial ownership fell to 943,734 shares (7.45% of class), while Luxor's stake dropped to 290,873 shares (2.22%).
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Total Sales Exceed $4M
Combined with prior sales reported in June 2026, the reporting persons have sold over $4 million in company stock in the past two months.
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Selling Despite Positive Earnings
The sales occurred after Meridian reported Q2 revenue of $50.2M (+16% YoY) and its second straight GAAP-profitable quarter, suggesting insiders may be taking profits or reducing exposure.
Analysis · MRDN · Technology
Anthony Brian Goodman and his affiliated entity Luxor Capital, LLC sold 318,402 shares of Meridian Holdings between June 15 and August 13, 2026, at prices ranging from $12.50 to $14.33. This continues a pattern of significant insider selling that began in June 2026, with total sales now exceeding $4 million over the past two months. Goodman's beneficial ownership has fallen to 7.45% of the company, down from over 10% previously, while Luxor's stake is now just 2.22%. The sales come despite the company's recent Q2 profit and revenue growth, suggesting insiders may lack confidence in the stock's near-term prospects or are diversifying their holdings.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.6% of the 1645 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MRDN was trading at $13.57 on NASDAQ in the Technology sector, with a market capitalization of approximately $178.4M. The 52-week trading range was $5.80 to $18.84. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.