Bleichroeder Sponsor 1 LLC

CIK 2031321 · last filed 2026-03-18

Bleichroeder Sponsor 1 LLC is a corporate insider who has filed 2 SEC Form 4 insider transactions across 2 companies since 2024. The most recent filing, for MRLN, was dated Mar 18, 2026. Across all open-market trades the lifetime net is +$12.8M, making them a net buyer over the disclosed history. Current disclosed insider exposure totals $29.6M across reported positions. The firm reports its address in New York, NM. 3 SEC filings were submitted jointly with Michel Combes.

"Disclosed insider exposure" sums this person's most-recently-reported share counts across each company they're an insider in, multiplied by the current underlying price. It is not net worth — it misses retail holdings, private investments, real estate, index funds, and any company where the person isn't an SEC-reporting insider. For informational purposes only.

Disclosed Exposure

$29.57M

Companies

2

Total Filings

2

Lifetime Open-Market Net

$12.75M

Filer Profile

Reported Address

1345 AVENUE OF THE AMERICAS
FLOOR 47
NEW YORK, NM 10105

Phone

(212) 984-3835

State of Incorporation

Related Filers

Michel Combes — 3 joint filings, latest 2026-03-18

Andrew Gundlach — 3 joint filings, latest 2026-03-18

Profile details as reported on the filer's SEC submissions — for individual insiders the address is often in care of the issuer. Related filers are identified from jointly filed SEC submissions and shared reported addresses. View filings on SEC EDGAR.

Holdings By Company

Latest on-record share count from this person's most recent non-derivative Form 4 transaction in each company. Disclosed exposure = shares × current underlying price.

Symbol	Role	Shares	Price	Disclosed Exposure	Lifetime OM Net	Filings	Latest Filed
MRLN	10%+ Owner	8,800,833	$3.36	$29.57M	$0	1	2026-03-18
Merlin, Inc. (BACQU) Delisted	10%+ Owner	425,000	$11.00	$4.67M	$12.75M	1	2024-11-06

Recent Filings

2 filings

Insider activity across all companies, newest first. Form 4 rows are post-trade confirmations (buys, sells, grants, exercises). Notice (144) rows are pre-trade notices of intent to sell restricted or control stock under Rule 144 — they may not all execute. Compare adjacent dates to see which notices became actual sales.

Filed	Symbol	Action	Net Shares	Net $	Link
2026-03-18	MRLN	Exer (M)	+25,127,499	$0	EDGAR
2024-11-06	Merlin, Inc. (BACQU) Delisted	Mixed	+1,275,000	$12.75M	EDGAR

Form 4 codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (see filing footnote). Only P / S codes carry directional signal.
Notice (144 / 144/A): Form 144 is a notice of intent to sell restricted/control stock under Rule 144, filed before the sale; 144/A is an amendment. Many notices are pre-scheduled under Rule 10b5-1 plans. A Form 4 with code S typically follows within a few days when the planned sale executes; missing follow-up Form 4s suggest the notice was cancelled or modified.