MERC MERCER INTERNATIONAL INC. Insider Trading

Peter R Kellogg (10% Owner) purchases 700,000 shares ($672,437.00) at avg $0.96; holdings rise 55.7% to 1.96M shares.

Peter R Kellogg executed 3 separate purchases totaling 700,000 shares for $672,437.00 between May 15–19, 2026, raising his holdings from 1.26M to 1.96M shares (+55.7%). The current price of $0.99 sits -77.8% from the 52-week high of $4.47 and has declined 52.2% over the past 90 days. At this specific ticker, Kellogg's prior 5 buys (all in November 2025) each posted positive 30-day returns between +12.6% and +16.7%; his cross-ticker track record across 20 prior buys shows a 68.75% 90-day win rate with average 90-day return of +1.0%. The company's fundamentals show revenue of $489,304,000.00 in the latest quarter against net income of -$51,996,000.00, with annual revenue declining 8.6% year-over-year and a market cap of $66,312,680.94. This large open-market accumulation by a 10% owner during an extended price decline in an unprofitable business merits monitoring for directional signals relative to his historical execution pattern at this ticker.

10% Owner Peter R Kellogg buys 300,000 shares (300.0K) across 3 transactions for $262,397.70 at MERC, boosting stake to 1,257,000 shares

Peter R Kellogg, a 10% owner, executed 3 separate purchases totaling 300,000 shares for $262,397.70 ($262.4K) over two days (May 12-14, 2026) at a blended average price of $0.87, expanding his holding from 957,000 to 1,257,000 shares. His prior 5 purchases at MERC in November 2025 showed 30-day returns ranging from 12.6% to 16.7%, and 4 of those 5 purchases were well-timed at the 90-day mark. However, the current stock price of $0.94 stands 79.0% below its 52-week high and has declined 13.8% over 30 days and 47.2% over 90 days, reflecting material deterioration since his November activity. Against this backdrop, the timing and scale of this fresh accumulation—alongside his historical pattern of well-timed entries at this ticker—warrant attention to whether this signals continued conviction or reflects a different market context.