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EdgarHawk

Lloyd Brian G.

CHIEF LEGAL OFFICER, SECRETARY

Officer

Latest: CLO buying · May 2026

3 filings analyzed · 1 company · Latest 2026-05-11
Validated high-conviction buyer — this insider’s opportunistic purchases fall in a cohort whose buys have historically preceded above-benchmark moves. How we measure this ↗

Companies

Company Buys Sells Direction
MERIT MEDICAL SYSTEMS INC MMSI 1 8 Net selling

Activity

May 2026
2026-05-11 MERIT MEDICAL SYSTEMS INC MMSI Cluster
high
Buy
2,000 shares
$125,250
Significance 7/10

Chief Legal Officer Lloyd Brian G. purchases 2,000 shares of MMSI as stock trades well below 52-week high amid cluster buying activity.

Lloyd Brian G., MMSI's Chief Legal Officer and Secretary, purchased shares for the first time as an open-market buyer in the 36-month record, a meaningful shift from his prior role as a seller. This purchase arrives while the stock trades substantially below its 52-week high and has declined over the past three months, yet the company remains profitable with growing revenue. What distinguishes this trade is the cluster pattern: four insiders bought within a two-week window, suggesting multiple executives saw value at these lower levels. Importantly, Lloyd's prior two sales showed conflicting timing signals—well-timed over a longer horizon as the stock fell, but one was poorly timed as the stock initially rose afterward—making his return to buying particularly noteworthy. This is not routine rebalancing but a regime change: a C-suite executive switching from net seller to buyer while the stock faces headwinds.

March 2025
medium
Sell
30,000 shares
$3,087,000
Significance 6/10

Chief Legal Officer Lloyd Brian G. sold 30,000 shares of MMSI at $102.90 on 2025-03-05, reducing stake to 38,945 shares. Stock now $101.73, -7.8% from 52-week high.

Lloyd Brian G., Chief Legal Officer and Secretary, executed a substantial open-market sale of 30,000 shares, representing -43.5% of his pre-transaction holdings. The transaction occurred at $102.90 on 2025-03-05, and notably this is his second sale at MMSI within a week (prior sale on 2025-02-28). The current stock price of $101.73 is -7.8% from the 52-week high of $110.29 and has declined 5.8% over the past 30 days. While the company's fundamentals remain solid—revenue of $339.8M in the latest quarter, net income of $28.4M, and 7.9% annual revenue growth—the timing pattern shows none of his prior sells have been well-timed at the 90-day mark, indicating a lack of demonstrated predictive accuracy. The consecutive sales in one week warrant attention regarding whether this reflects portfolio adjustment or a shift in executive positioning.

high
Sell
25,000 shares
$2,487,500
Significance 6/10

Chief Legal Officer Lloyd Brian G. sold 25,000 shares of MERIT MEDICAL SYSTEMS at $99.50, reducing stake to 38,993 shares.

Lloyd Brian G., serving as Chief Legal Officer and Secretary, executed a sale of 25,000 shares at $99.50 on 2025-02-28, realizing $2,487,500.00 in proceeds and reducing his holdings by -39.1% to 38,993 shares. The transaction occurred when the stock was trading at $99.50, which is -6.6% from the 52-week high of $110.29 and 4.3% below the current price of $103.03, suggesting the sale did not occur at the extremes of recent valuation. The company has reported annual revenue growth of +7.9% and a P/E of 41.54, indicating a premium valuation relative to peers. Without information about trading plans, scheduled exercises, or prior trading patterns, the narrative remains that a senior officer completed a significant reduction in their equity position during a period of modest stock price retracement.

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