A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 10 filings in this group are Form 4s for Merck & Co., Inc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 10 insider filings shown, the breakdown is 7 open-market sale and 3 compensation award. 7 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
Form 4
Compensation award
Tax / Compensation Filing
2026-10-01
MRK insider Form 4 filed for equity award, exercise, or tax withholding
Seidman Christine E (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Phantom Stock
|
55 |
$145.31 |
$8.0K |
Filing: Form 4 (Insider Transaction)
Insider: Seidman Christine E (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-10-01
MRK insider Form 4 filed for equity award, exercise, or tax withholding
Karsanbhai Surendralal Lanca (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Phantom Stock
|
111 |
$145.31 |
$16.1K |
Filing: Form 4 (Insider Transaction)
Insider: Karsanbhai Surendralal Lanca (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-10-01
MRK insider Form 4 filed for equity award, exercise, or tax withholding
Coe Mary Ellen (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Phantom Stock
|
206 |
$145.31 |
$29.9K |
Filing: Form 4 (Insider Transaction)
Insider: Coe Mary Ellen (Director)
Form 4
Open-market sale
Insider Selling
2026-08-13
MRK insider Guindo Chirfi (EVP, Access, Policy & Comms) sold 10,000 shares (~$1.35M)
Guindo Chirfi, listed as EVP, Access, Policy & Comms at Merck & Co., Inc., reported an open-market sale of 10,000 MRK shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
10,000 |
$135.00 |
$1.35M |
Filing: Form 4 (Insider Transaction)
Insider: Guindo Chirfi (EVP, Access, Policy & Comms)
Shares: 10,000
Est. Value: $1.35M
Form 4
Open-market sale
Insider Selling
2026-08-13
MRK insider Zachary Jennifer (EVP, General Counsel) sold 80,315 shares (~$10.72M)
Zachary Jennifer, listed as EVP, General Counsel at Merck & Co., Inc., reported an open-market sale of 80,315 MRK shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
41,494 |
$117.89 |
$4.89M |
M |
Option exercise
|
13,433 |
$84.71 |
$1.14M |
S |
Open-market sale
|
80,315 |
$133.46 |
$10.72M |
M |
Option exercise
derivative · Stock Option (Right to Buy)
|
41,494 |
— |
— |
M |
Option exercise
derivative · Stock Option (Right to Buy)
|
13,433 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Zachary Jennifer (EVP, General Counsel)
Shares: 80,315
Est. Value: $10.72M
Form 4
Open-market sale
Insider Selling
2026-08-12
MRK insider DeLuca Richard R. (EVP&Pres, Merck Animal Heallth) sold 45,320 shares (~$5.94M)
DeLuca Richard R., listed as EVP&Pres, Merck Animal Heallth at Merck & Co., Inc., reported an open-market sale of 45,320 MRK shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
20,784 |
$130.43 |
$2.71M |
S |
Open-market sale
|
7,410 |
$131.33 |
$973.2K |
S |
Open-market sale
|
5,427 |
$132.35 |
$718.3K |
S |
Open-market sale
|
11,099 |
$131.61 |
$1.46M |
S |
Open-market sale
|
600 |
$132.04 |
$79.2K |
Filing: Form 4 (Insider Transaction)
Insider: DeLuca Richard R. (EVP&Pres, Merck Animal Heallth)
Shares: 45,320
Est. Value: $5.94M
Form 4
Open-market sale
Insider Selling
2026-08-10
MRK insider DeLuca Richard R. (EVP&Pres, Merck Animal Heallth) sold 6,050 shares (~$788.8K)
DeLuca Richard R., listed as EVP&Pres, Merck Animal Heallth at Merck & Co., Inc., reported an open-market sale of 6,050 MRK shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
805 |
$131.02 |
$105.5K |
S |
Open-market sale
|
4,945 |
$130.23 |
$644.0K |
S |
Open-market sale
|
300 |
$131.02 |
$39.3K |
Filing: Form 4 (Insider Transaction)
Insider: DeLuca Richard R. (EVP&Pres, Merck Animal Heallth)
Shares: 6,050
Est. Value: $788.8K
Form 4
Open-market sale
Insider Selling
2026-08-07
MRK insider Maraldo David R. (EVP & Pres. MMD) sold 18,706 shares (~$2.41M)
Maraldo David R., listed as EVP & Pres. MMD at Merck & Co., Inc., reported an open-market sale of 18,706 MRK shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
6,311 |
$73.73 |
$465.3K |
S |
Open-market sale
|
6,311 |
$128.72 |
$812.3K |
M |
Option exercise
|
9,709 |
$87.10 |
$845.7K |
S |
Open-market sale
|
9,709 |
$128.72 |
$1.25M |
M |
Option exercise
|
2,686 |
$84.71 |
$227.5K |
S |
Open-market sale
|
2,686 |
$128.72 |
$345.7K |
M |
Option exercise
derivative · Stock Option (Right to Buy)
|
6,311 |
— |
— |
M |
Option exercise
derivative · Stock Option (Right to Buy)
|
9,709 |
— |
— |
M |
Option exercise
derivative · Stock Option (Right to Buy)
|
2,686 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Maraldo David R. (EVP & Pres. MMD)
Shares: 18,706
Est. Value: $2.41M
Form 4
Open-market sale
Insider Selling
2026-08-07
MRK insider Williams David Michael (EVP,Chief Info&Digital Officer) sold 52,847 shares (~$6.81M)
Williams David Michael, listed as EVP,Chief Info&Digital Officer at Merck & Co., Inc., reported an open-market sale of 52,847 MRK shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
4,600 |
$77.62 |
$357.1K |
S |
Open-market sale
|
4,600 |
$128.77 |
$592.3K |
M |
Option exercise
|
13,542 |
$75.36 |
$1.02M |
S |
Open-market sale
|
13,542 |
$128.77 |
$1.74M |
M |
Option exercise
|
34,705 |
$73.73 |
$2.56M |
S |
Open-market sale
|
34,705 |
$128.77 |
$4.47M |
M |
Option exercise
derivative · Stock Option (Right to Buy)
|
4,600 |
— |
— |
M |
Option exercise
derivative · Stock Option (Right to Buy)
|
13,542 |
— |
— |
M |
Option exercise
derivative · Stock Option (Right to Buy)
|
34,705 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Williams David Michael (EVP,Chief Info&Digital Officer)
Shares: 52,847
Est. Value: $6.81M
Form 4
Open-market sale
Insider Selling
2026-08-07
MRK insider Guindo Chirfi (EVP, Access, Policy & Comms) sold 15,000 shares (~$1.97M)
Guindo Chirfi, listed as EVP, Access, Policy & Comms at Merck & Co., Inc., reported an open-market sale of 15,000 MRK shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
15,000 |
$131.00 |
$1.97M |
Filing: Form 4 (Insider Transaction)
Insider: Guindo Chirfi (EVP, Access, Policy & Comms)
Shares: 15,000
Est. Value: $1.97M