Merus N.V. - Director's Dealing 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Merus N.V. (MRUS)
CIK: 0001651311
Period of Report: 2025-01-17

Reporting Person: Shuman Harry (N/A)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-26	Common Shares	M	800	$18.61	Acquired	11802	Direct
2025-11-26	Common Shares	M	900	$24.43	Acquired	12702	Direct
2025-11-26	Common Shares	S	1700	$96.10	Disposed	11002	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-01-17	Share Option (right to buy)	$39.45	A	500	Acquired	2035-01-17	Common Shares (500)	Direct
2025-11-26	Share Option (right to buy)	$18.61	M	800	Disposed	2030-02-14	Common Shares (800)	Direct
2025-11-26	Share Option (right to buy)	$24.43	M	900	Disposed	2031-02-16	Common Shares (900)	Direct

F1: Options vest over a four-year period from January 17, 2025. 25% vest on January 17, 2026 and in 36 equal monthly installments thereafter.

F2: The options are fully vested.