Former CEO Goodman Sells Another 245K Shares, Stake Drops to 5.51%
MRDN has more than doubled off its 52-week low of $5.8 on elevated volume (1.9× avg).
Summary
Former CEO Anthony Brian Goodman sold 245,445 more shares over the past month, bringing his stake down to 5.51% and continuing a steady insider distribution pattern.
Key Events · Ownership and Investor Activity · MRDN
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245K Additional Shares Sold
Goodman sold 245,445 shares from August 14 through September 17, 2026, at prices between $13.31 and $14.50, extending a multi-month distribution.
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Stake Falls to 5.51%
Combined beneficial ownership now stands at 698,289 shares (5.51%), down from prior levels, with Luxor Capital holding 290,873 shares (2.30%).
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Continued Insider Distribution
This follows $336,139 in sales by Goodman in June and a 318,402-share sale disclosed in the August 14, 2026 13D/A, totaling over 560,000 shares sold in roughly three months.
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Sales Despite Turnaround
The selling continues despite Q2 revenue growth of 16% to $50.2M and a second straight GAAP-profitable quarter, suggesting the former CEO is reducing exposure regardless of fundamentals.
Analysis · MRDN · Technology
Anthony Brian Goodman, the former CEO and a 10% owner, sold an additional 245,445 shares between August 14 and September 17, 2026, at prices ranging from $13.31 to $14.50. This extends a months-long distribution pattern that has now reduced his combined beneficial ownership with Luxor Capital to 698,289 shares, or 5.51% of the company. The sales come despite the company's recent return to profitability and a new CEO appointment, suggesting the former executive is systematically reducing exposure rather than holding through the turnaround.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1625 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.52%. 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 $14.02 on NASDAQ in the Technology sector, with a market capitalization of approximately $177.6M. The 52-week trading range was $5.80 to $16.09. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.