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[Form 4] Mercer International Inc Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Positive)
Form Type
4
Rhea-AI Filing Summary

Mercer International Inc. (MERC) � Form 4 insider activity

Peter R. Kellogg, identified as a 10 % beneficial owner, reported a series of open-market purchases of MERC common stock on 6 � 10 June 2025 through two indirect entities:

  • Non Marital PRK Trust: 60,020 shares acquired at prices ranging from $3.6199 to $3.7492.
  • Bermuda Partners: 82,000 shares acquired at prices ranging from $3.6235 to $3.7499.

Total shares purchased: 142,020
Total cash outlay (approx.): US $0.53 million.

Following the transactions, Kellogg reports beneficial ownership of roughly 22.7 million MERC shares across numerous direct and indirect accounts, including 13.475 million shares held via IAT Insurance Co. Ltd. and 1.54 million held by his spouse.

Because Kellogg already holds more than 10 % of Mercer’s outstanding shares, the additional 142 k-share purchase represents only a small incremental increase but signals continued insider confidence at price levels near $3.70.

Mercer International Inc. (MERC) � Attività insider Form 4

Peter R. Kellogg, identificato come un detentore beneficiario del 10%, ha segnalato una serie di acquisti sul mercato aperto di azioni ordinarie MERC dal 6 al 10 giugno 2025 tramite due entità indirette:

  • Non Marital PRK Trust: 60.020 azioni acquistate a prezzi compresi tra $3,6199 e $3,7492.
  • Bermuda Partners: 82.000 azioni acquistate a prezzi compresi tra $3,6235 e $3,7499.

Totale azioni acquistate: 142.020
Spesa totale approssimativa: circa 0,53 milioni di dollari USA.

Dopo queste operazioni, Kellogg dichiara una posizione beneficiaria di circa 22,7 milioni di azioni MERC distribuite su numerosi conti diretti e indiretti, inclusi 13,475 milioni di azioni detenute tramite IAT Insurance Co. Ltd. e 1,54 milioni detenute da sua moglie.

Poiché Kellogg detiene già oltre il 10% delle azioni in circolazione di Mercer, l'acquisto aggiuntivo di 142 mila azioni rappresenta solo un piccolo incremento, ma indica una continua fiducia interna a livelli di prezzo intorno a $3,70.

Mercer International Inc. (MERC) � Actividad insider Formulario 4

Peter R. Kellogg, identificado como un beneficiario con más del 10 %, reportó una serie de compras en el mercado abierto de acciones comunes de MERC del 6 al 10 de junio de 2025 a través de dos entidades indirectas:

  • Non Marital PRK Trust: 60,020 acciones adquiridas a precios que oscilaron entre $3.6199 y $3.7492.
  • Bermuda Partners: 82,000 acciones adquiridas a precios que oscilaron entre $3.6235 y $3.7499.

Total de acciones compradas: 142,020
Gasto total aproximado: US$ 0.53 millones.

Tras estas transacciones, Kellogg reporta una propiedad beneficiaria de aproximadamente 22.7 millones de acciones MERC distribuidas en varias cuentas directas e indirectas, incluyendo 13.475 millones de acciones a través de IAT Insurance Co. Ltd. y 1.54 millones en manos de su cónyuge.

Dado que Kellogg ya posee más del 10 % de las acciones en circulación de Mercer, la compra adicional de 142 mil acciones representa solo un pequeño aumento incremental, pero señala una confianza interna continua en niveles de precio cercanos a $3.70.

Mercer International Inc. (MERC) � Form 4 내부� 거래 내역

Peter R. Kellogg� 10% 이상 지� 보유�� 확인되며, 2025� 6� 6일부� 10일까지 � 개의 간접 법인� 통해 MERC 보통주를 공개 시장에서 매수했다� 보고했습니다:

  • Non Marital PRK Trust: 주당 $3.6199에서 $3.7492 사이� 가격으� 60,020� 매수.
  • Bermuda Partners: 주당 $3.6235에서 $3.7499 사이� 가격으� 82,000� 매수.

� 매수 주식 �: 142,020�
� 현금 지� (대�): 미화 � 53� 달러.

� 거래 이후 Kellogg� IAT Insurance Co. Ltd.� 통해 보유� 1,347� 5� 주와 배우자가 보유� 154� 주를 포함하여 여러 직접 � 간접 계좌� 걸쳐 � 2,270� 주의 MERC 주식� 대� 실질 소유�� 보고했습니다.

Kellogg가 이미 Mercer� 발행 주식 � 10% 이상� 보유하고 있기 때문�, 추가� 매수� 14� 2� 주는 소폭 증가� 불과하지�, � $3.70 근처� 가� 수준에서 내부자의 지속적� 신뢰� 나타냅니�.

Mercer International Inc. (MERC) � Activité d’initié selon le Formulaire 4

Peter R. Kellogg, identifié comme un bénéficiaire détenant 10 %, a déclaré une série d’achats en marché libre d’actions ordinaires MERC du 6 au 10 juin 2025 via deux entités indirectes :

  • Non Marital PRK Trust : 60 020 actions acquises à des prix allant de 3,6199 $ à 3,7492 $.
  • Bermuda Partners : 82 000 actions acquises à des prix allant de 3,6235 $ à 3,7499 $.

Total des actions achetées : 142 020
Dépense totale approximative : environ 0,53 million de dollars US.

À la suite de ces transactions, Kellogg déclare une possession bénéficiaire d’environ 22,7 millions d’actions MERC réparties sur plusieurs comptes directs et indirects, incluant 13,475 millions d’actions détenues via IAT Insurance Co. Ltd. et 1,54 million détenues par son conjoint.

Étant donné que Kellogg détient déjà plus de 10 % des actions en circulation de Mercer, l’achat supplémentaire de 142 000 actions représente une légère augmentation, mais témoigne d’une confiance continue des initiés à des niveaux de prix proches de 3,70 $.

Mercer International Inc. (MERC) � Insider-Aktivitäten gemäß Form 4

Peter R. Kellogg, als 10 % wirtschaftlich Berechtigter ausgewiesen, meldete eine Reihe von offenen Markt-Käufen von MERC-Stammaktien im Zeitraum 6. bis 10. Juni 2025 über zwei indirekte Einheiten:

  • Non Marital PRK Trust: 60.020 Aktien zu Preisen zwischen $3,6199 und $3,7492 erworben.
  • Bermuda Partners: 82.000 Aktien zu Preisen zwischen $3,6235 und $3,7499 erworben.

Gesamtanzahl der gekauften Aktien: 142.020
Gesamtkosten (ca.): ca. 0,53 Millionen US-Dollar.

Nach den Transaktionen meldet Kellogg eine wirtschaftliche Eigentümerschaft von rund 22,7 Millionen MERC-Aktien verteilt auf zahlreiche direkte und indirekte Konten, darunter 13,475 Millionen Aktien über die IAT Insurance Co. Ltd. und 1,54 Millionen Aktien, die seine Ehefrau hält.

Da Kellogg bereits mehr als 10 % der ausstehenden Mercer-Aktien besitzt, stellt der zusätzliche Kauf von 142.000 Aktien nur eine kleine Steigerung dar, signalisiert jedoch weiterhin Vertrauen von Insidern bei Kursen um etwa $3,70.

Positive
  • 10 % owner purchased 142,020 additional shares in the open market, indicating continued insider confidence.
  • No shares were sold; activity was entirely accumulative across multiple entities.
Negative
  • None.

Insights

TL;DR: 10 % owner adds 142 k shares (~$0.5 m), modest size but positive insider signal.

Kellogg’s purchases marginally lift his already substantial stake to about 22.7 million shares. While the dollar amount is small relative to his existing position, the timing near multi-year lows (~$3.70) may be read as a vote of confidence. No dispositions were reported, and the buying spanned multiple related entities, suggesting coordinated accumulation rather than routine DRIP activity. The filing contains no derivative transactions or sales, keeping the signal cleanly positive. Impact is modest given Mercer’s market cap, but insider activity from a 10 % holder often attracts attention among value-oriented investors.

Mercer International Inc. (MERC) � Attività insider Form 4

Peter R. Kellogg, identificato come un detentore beneficiario del 10%, ha segnalato una serie di acquisti sul mercato aperto di azioni ordinarie MERC dal 6 al 10 giugno 2025 tramite due entità indirette:

  • Non Marital PRK Trust: 60.020 azioni acquistate a prezzi compresi tra $3,6199 e $3,7492.
  • Bermuda Partners: 82.000 azioni acquistate a prezzi compresi tra $3,6235 e $3,7499.

Totale azioni acquistate: 142.020
Spesa totale approssimativa: circa 0,53 milioni di dollari USA.

Dopo queste operazioni, Kellogg dichiara una posizione beneficiaria di circa 22,7 milioni di azioni MERC distribuite su numerosi conti diretti e indiretti, inclusi 13,475 milioni di azioni detenute tramite IAT Insurance Co. Ltd. e 1,54 milioni detenute da sua moglie.

Poiché Kellogg detiene già oltre il 10% delle azioni in circolazione di Mercer, l'acquisto aggiuntivo di 142 mila azioni rappresenta solo un piccolo incremento, ma indica una continua fiducia interna a livelli di prezzo intorno a $3,70.

Mercer International Inc. (MERC) � Actividad insider Formulario 4

Peter R. Kellogg, identificado como un beneficiario con más del 10 %, reportó una serie de compras en el mercado abierto de acciones comunes de MERC del 6 al 10 de junio de 2025 a través de dos entidades indirectas:

  • Non Marital PRK Trust: 60,020 acciones adquiridas a precios que oscilaron entre $3.6199 y $3.7492.
  • Bermuda Partners: 82,000 acciones adquiridas a precios que oscilaron entre $3.6235 y $3.7499.

Total de acciones compradas: 142,020
Gasto total aproximado: US$ 0.53 millones.

Tras estas transacciones, Kellogg reporta una propiedad beneficiaria de aproximadamente 22.7 millones de acciones MERC distribuidas en varias cuentas directas e indirectas, incluyendo 13.475 millones de acciones a través de IAT Insurance Co. Ltd. y 1.54 millones en manos de su cónyuge.

Dado que Kellogg ya posee más del 10 % de las acciones en circulación de Mercer, la compra adicional de 142 mil acciones representa solo un pequeño aumento incremental, pero señala una confianza interna continua en niveles de precio cercanos a $3.70.

Mercer International Inc. (MERC) � Form 4 내부� 거래 내역

Peter R. Kellogg� 10% 이상 지� 보유�� 확인되며, 2025� 6� 6일부� 10일까지 � 개의 간접 법인� 통해 MERC 보통주를 공개 시장에서 매수했다� 보고했습니다:

  • Non Marital PRK Trust: 주당 $3.6199에서 $3.7492 사이� 가격으� 60,020� 매수.
  • Bermuda Partners: 주당 $3.6235에서 $3.7499 사이� 가격으� 82,000� 매수.

� 매수 주식 �: 142,020�
� 현금 지� (대�): 미화 � 53� 달러.

� 거래 이후 Kellogg� IAT Insurance Co. Ltd.� 통해 보유� 1,347� 5� 주와 배우자가 보유� 154� 주를 포함하여 여러 직접 � 간접 계좌� 걸쳐 � 2,270� 주의 MERC 주식� 대� 실질 소유�� 보고했습니다.

Kellogg가 이미 Mercer� 발행 주식 � 10% 이상� 보유하고 있기 때문�, 추가� 매수� 14� 2� 주는 소폭 증가� 불과하지�, � $3.70 근처� 가� 수준에서 내부자의 지속적� 신뢰� 나타냅니�.

Mercer International Inc. (MERC) � Activité d’initié selon le Formulaire 4

Peter R. Kellogg, identifié comme un bénéficiaire détenant 10 %, a déclaré une série d’achats en marché libre d’actions ordinaires MERC du 6 au 10 juin 2025 via deux entités indirectes :

  • Non Marital PRK Trust : 60 020 actions acquises à des prix allant de 3,6199 $ à 3,7492 $.
  • Bermuda Partners : 82 000 actions acquises à des prix allant de 3,6235 $ à 3,7499 $.

Total des actions achetées : 142 020
Dépense totale approximative : environ 0,53 million de dollars US.

À la suite de ces transactions, Kellogg déclare une possession bénéficiaire d’environ 22,7 millions d’actions MERC réparties sur plusieurs comptes directs et indirects, incluant 13,475 millions d’actions détenues via IAT Insurance Co. Ltd. et 1,54 million détenues par son conjoint.

Étant donné que Kellogg détient déjà plus de 10 % des actions en circulation de Mercer, l’achat supplémentaire de 142 000 actions représente une légère augmentation, mais témoigne d’une confiance continue des initiés à des niveaux de prix proches de 3,70 $.

Mercer International Inc. (MERC) � Insider-Aktivitäten gemäß Form 4

Peter R. Kellogg, als 10 % wirtschaftlich Berechtigter ausgewiesen, meldete eine Reihe von offenen Markt-Käufen von MERC-Stammaktien im Zeitraum 6. bis 10. Juni 2025 über zwei indirekte Einheiten:

  • Non Marital PRK Trust: 60.020 Aktien zu Preisen zwischen $3,6199 und $3,7492 erworben.
  • Bermuda Partners: 82.000 Aktien zu Preisen zwischen $3,6235 und $3,7499 erworben.

Gesamtanzahl der gekauften Aktien: 142.020
Gesamtkosten (ca.): ca. 0,53 Millionen US-Dollar.

Nach den Transaktionen meldet Kellogg eine wirtschaftliche Eigentümerschaft von rund 22,7 Millionen MERC-Aktien verteilt auf zahlreiche direkte und indirekte Konten, darunter 13,475 Millionen Aktien über die IAT Insurance Co. Ltd. und 1,54 Millionen Aktien, die seine Ehefrau hält.

Da Kellogg bereits mehr als 10 % der ausstehenden Mercer-Aktien besitzt, stellt der zusätzliche Kauf von 142.000 Aktien nur eine kleine Steigerung dar, signalisiert jedoch weiterhin Vertrauen von Insidern bei Kursen um etwa $3,70.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
KELLOGG PETER R

(Last) (First) (Middle)
48 WALL STREET C/O IAT INSURANCE CO. LTD

(Street)
NEW YORK NY 10005

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MERCER INTERNATIONAL INC. [ MERC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/06/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/09/2025 P 7,003 A $3.725 807,003 I Via Non Marital PRK Trust
Common Stock 06/09/2025 P 19,597 A $3.7492 826,600 I Via Non Marital PRK Trust
Common Stock 06/10/2025 P 12,300 A $3.7178 838,900 I Via Non Marital PRK Trust
Common Stock 06/10/2025 P 12,220 A $3.7184 851,100 I Via Non Marital PRK Trust
Common Stock 06/10/2025 P 8,900 A $3.72 860,000 I Via Non Marital PRK Trust
Common Stock 06/06/2025 P 13,600 A $3.6199 1,931,600 I Via Bermuda Partners
Common Stock 06/06/2025 P 36,600 A $3.6235 1,968,200 I Via Bermuda Partners
Common Stock 06/09/2025 P 1,171 A $3.67 1,969,371 I Via Bermuda Partners
Common Stock 06/09/2025 P 30,629 A $3.7499 2,000,000 I Via Bermuda Partners
Common Stock 610,000 D
Common Stock 1,540,000 I Via Spouse
Common Stock 10,000 I Via Cardia Company Inc.
Common Stock 930,000 I Via Peter and Cynthia Kellogg Foundation
Common Stock 13,475,000 I Via IAT Insurance Co. Ltd.
Common Stock 210,000 I Via E.G. Anderson Inc.
Common Stock 10,000 I Via C. Kellogg & P Kellogg TTEE U/W Charles A Kirkland Trust
Common Stock 35,000 I Via the Myth and Barnegat Restoration Society, Inc.
Common Stock 10,000 I Via C. Kellogg & P Kellogg TTEE U/W Anne Kirkland Trust
Common Stock 100,000 I Via Acceptance Casualty
Common Stock 225,000 I Via Acceptance Indemnity
Common Stock 1,000,000 I Via Harco
Common Stock 630,000 I Via Wilshire
Common Stock 540,000 I Via Transguard
Common Stock 510,000 I Via Occidental
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
/s/ Marguerite Gorman, attorney-in-fact 07/09/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many MERC shares did Peter R. Kellogg buy?

He purchased 142,020 shares between 6 � 10 June 2025.

What prices were paid for Mercer International stock?

Purchase prices ranged from $3.6199 to $3.7499 per share.

What is Kellogg’s total beneficial ownership after the transactions?

The Form 4 lists approximately 22.7 million shares held directly or through various entities.

Were any MERC shares sold in this Form 4?

No. All reported transactions were open-market purchases; no disposals occurred.

Why is insider buying important for investors?

Purchases by a 10 % owner can signal confidence in the company’s valuation and future prospects, though the dollar amount here is modest relative to his stake.
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