SEC FORM 4

SEC FORM 4 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

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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^*

Lundberg Sven Ante

(Last)

(First)

(Middle)

C/O MERUS N.V.

UPPSALALAAN 17

(Street)

UTRECHT

3584 CT

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Merus N.V. [ MRUS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President, CEO & PEO

3. Date of Earliest Transaction (Month/Day/Year)
11/25/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	11/25/2025		G		30,297	D	$0	0	D
Common Shares	11/25/2025		G		30,297	A	$0	30,297	I	Ante S Lundberg Qualified Annuity Interest Trust XI⁽¹⁾
Common Shares	11/25/2025		G		14,198	D	$0	0	I	Ante Sven Lundberg Qualified Annuity Interest Trust VI⁽¹⁾
Common Shares	11/25/2025		G		12,215	D	$0	0	I	Ante S Lundberg Qualified Annuity Int Trust VII⁽¹⁾
Common Shares	11/25/2025		G		52,369	D	$0	0	I	Ante Sven Lundberg Qualified Annuity Interest Trust VIII⁽¹⁾
Common Shares	11/25/2025		G		22,449	D	$0	0	I	Ante Sven Lundberg Qualified Annuity Interest Trust IX⁽¹⁾
Common Shares	11/25/2025		G		24,229	D	$0	16,372	I	Ante S Lundberg Qualified Annuity Int Trust X⁽¹⁾
Common Shares	11/25/2025		G		2,538	A	$0	9,191	I	Katrina Lundberg 2018 Irrevocable Trust⁽¹⁾
Common Shares	11/25/2025		G		2,539	A	$0	9,191	I	Madeleine Lundberg 2018 Irrevocable Trust⁽¹⁾
Common Shares	11/25/2025		G		2,539	A	$0	9,192	I	Kristian Ante Lundberg 2018 Irrevocable Trust⁽¹⁾
Common Shares	11/25/2025		G		2,539	A	$0	9,192	I	Emily Lundberg 2018 Irrevocable Trust⁽¹⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The indirect holdings represent shares for which the Reporting Person and members of his immediate family are the sole beneficiaries.

	/s/ Peter Silverman as attorney-in-fact	11/28/2025
	** 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.

President, CEO & PEO Lundberg Sven Ante gifted 155,757 shares and received a gift of 40,452 shares, closing all direct ownership in the company (SEC Form 4)