Peter R. Kellogg, 10% Owner at MERCER INTERNATIONAL INC. (MERC), bought 1,128,635 shares at $1.72 ($2.1M) on 2025-11-13, disclosed to the SEC on 2025-12-09.
Open-market purchase of $2.1M MERC by 10% Owner. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history). Context: insider career grade C.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $2.79 | 3,122 | $9K | 0.4% |
| 2 | $2.79 | 3,700 | $10K | 0.5% |
| 3 | $2.44 | 7,700 | $19K | 0.9% |
| 4 | $2.44 | 41,778 | $102K | 4.8% |
| 5 | $2.44 | 41,778 | $102K | 4.8% |
| 6 | $2.26 | 17,000 |
| $38K |
| 1.8% |
| 7 | $2.27 | 17,000 | $39K | 1.8% |
| 8 | $2.27 | 5,540 | $13K | 0.6% |
| 9 | $2.27 | 19,000 | $43K | 2.0% |
| 10 | $2.07 | 36,000 | $75K | 3.5% |
| 11 | $2.11 | 350 | $739 | 0.0% |
| 12 | $2.11 | 6,160 | $13K | 0.6% |
| 13 | $2.11 | 18,650 | $39K | 1.9% |
| 14 | $1.93 | 36,602 | $71K | 3.3% |
| 15 | $1.93 | 36,602 | $71K | 3.3% |
| 16 | $1.88 | 36,000 | $68K | 3.2% |
| 17 | $1.91 | 36,000 | $69K | 3.2% |
| 18 | $1.92 | 25,938 | $50K | 2.3% |
| 19 | $1.84 | 285 | $524 | 0.0% |
| 20 | $1.86 | 58,000 | $108K | 5.1% |
| 21 | $1.87 | 36,000 | $67K | 3.2% |
| 22 | $1.89 | 35,715 | $68K | 3.2% |
| 23 | $1.89 | 35,715 | $68K | 3.2% |
| 24 | $1.56 | 6,099 | $10K | 0.4% |
| 25 | $1.61 | 1,200 | $2K | 0.1% |
| 26 | $1.67 | 28,701 | $48K | 2.3% |
| 27 | $1.79 | 18,000 | $32K | 1.5% |
| 28 | $1.68 | 200,000 | $336K | 15.8% |
| 29 | $1.69 | 25,000 | $42K | 2.0% |
| 30 | $1.72 | 70,000 | $120K | 5.7% |
| 31 | $1.72 | 100,000 | $172K | 8.1% |
| 32 | $1.74 | 125,000 | $218K | 10.3% |
| Total | $1.88 avg | 1,128,635 | $2.1M | 100% |
| Filing → |
| MERC | BUY | 2026-05-15 | $262K | — | Filing → |
| MERC | BUY | 2026-03-10 | $237K | — | Filing → |
| MERC | BUY | 2025-07-23 | $2.5M | — | Filing → |