Changes in Beneficial Ownership · 4
Merlin, Inc.
Changes in Beneficial Ownership
Structured filing — 4
ownership.xml
Filing details
- Report period
- 2026-09-16
- Issuer
- Merlin, Inc.
- Issuer CIK
- 0002028707
- Trading symbol
- MRLN
- No longer subject to Section 16
- Checked
Reporting owner 1
- Name
- FR Capital Holdings, L.P.
- Reporting owner CIK
- 0001776703
- Relationship
- 10% owner
- Address
- 2400 MARKET STREET, PHILADELPHIA, PA, 19103
Non-derivative transactions
| Security | Transaction date | Code | Amount | A / D | Price (USD) | Owned after | Ownership | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.0001 per share | 2026-09-16 | J · Form 4[F1] | 6,651,292 | D | 0 | 0 | I | See Footnote[F3][F4] |
| Common Stock, par value $0.0001 per share | 2026-09-16 | J · Form 4[F2] | 5,097,669 | D | 0 | 0 | I | See Footnote[F3][F5] |
Table key
- J · Form 4
- Other acquisition or disposition; see explanation
- D
- Disposed
- I
- Indirect
Footnotes
- F1
- First Round Capital VI, L.P. ("FRCVI") distributed these shares to its partners on a pro rata basis, for no consideration.↩ 1
- F2
- First Round Capital VIII F, L.P. ("FRCVIII F") distributed these shares to its partners on a pro rata basis, for no consideration.↩ 1
- F3
- FR Capital Holdings, L.P., a Delaware limited partnership (the "Reporting Person"), is the investment manager of FRCVI, First Round Capital VI Partners Fund, L.P. ("FRCVI Partners"), FRCVIII F, and First Round Capital VIII F Partners Fund, L.P. ("FRCVIII F Partners"). The Reporting Person is managed by an investment committee comprised of three individuals. As a result, the Reporting Person may be deemed to have beneficial ownership of the securities reported herein. The Reporting Person disclaims beneficial ownership of the securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.↩ 1↩ 2
- F4
- The securities were directly held by FRCVI, as nominee for itself and FRCVI Partners.↩ 1
- F5
- The securities were directly held by FRCVIII F, as nominee for itself and FRCVIII F Partners.↩ 1
Signature 1
- Signed
- /s/ Jeffrey Donnon, Chief Financial Officer of FR Capital Holdings, L.P.
- Date
- 2026-09-18
Company context
Merlin is an aerospace and defense technology company building the operating system of record for autonomous flight. Through a first-principles approach, the company is redefining what’s possible across aviation, aerospace, and defense with the goal of delivering full-stack autonomy for any aircraft, military or civilian, from takeoff to touchdown. The Merlin Pilot system powers a growing range of aircraft and mission profiles, proven through hundreds of autonomous flights from test facilities across the globe. With $100M+ total in IDIQ contract ceiling value under its C-130J autonomy program with USSOCOM, Merlin is advancing American leadership in autonomous aviation by helping to solve national security challenges through safe, reliable autonomy. To learn more, visit www.merlinlabs.com or follow us on X @merlinaero.