AG˹ٷ

STOCK TITAN

[Form 4] MARA Holdings, Inc. Insider Trading Activity

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

Fred Thiel, CEO and Director of MARA Holdings, Inc., reported withholding of vested restricted stock units to cover tax obligations. The form shows three withholding transactions on 08/06/2025: 40,496 shares at $16.55, 40,388 shares at $16.08, and 27,316 shares at $15.50. The filing states these withholdings were made to satisfy tax liabilities connected to RSU vesting and were not open market sales.

Each line also reports the resulting beneficial ownership counts following the transactions: 3,906,008, 3,865,620, and 3,838,304, respectively. The document is a routine insider reporting of tax-withholding on vested equity rather than discretionary selling.

Fred Thiel, CEO e Direttore di MARA Holdings, Inc., ha comunicato la ritenuta di unità azionarie vincolate (RSU) già maturate per coprire obblighi fiscali. Il modulo riporta tre operazioni di ritenuta in data 08/06/2025: 40,496 azioni a $16.55, 40,388 azioni a $16.08 e 27,316 azioni a $15.50. La segnalazione specifica che tali ritenute sono state effettuate per soddisfare passività fiscali connesse alla maturazione delle RSU e non costituiscono vendite sul mercato aperto.

Ogni voce indica inoltre il conteggio della proprietà effettiva risultante dopo le transazioni: 3,906,008, 3,865,620 e 3,838,304, rispettivamente. Il documento è una comunicazione interna di routine relativa alla trattenuta fiscale sulle azioni maturate, non una vendita discrezionale.

Fred Thiel, CEO y director de MARA Holdings, Inc., informó la retención de unidades de acciones restringidas (RSU) ya vestidas para cubrir obligaciones fiscales. El formulario muestra tres transacciones de retención el 08/06/2025: 40,496 acciones a $16.55, 40,388 acciones a $16.08 y 27,316 acciones a $15.50. La presentación indica que estas retenciones se realizaron para satisfacer pasivos fiscales relativos al vesting de las RSU y que no son ventas en el mercado abierto.

Cada línea también refleja el recuento de propiedad beneficiaria resultante tras las transacciones: 3,906,008, 3,865,620 y 3,838,304, respectivamente. El documento es una notificación rutinaria sobre la retención fiscal de acciones adquiridas, no una venta discrecional.

MARA Holdings, Inc.� CEO � 이사� Fred Thiel� 세금 부담을 충당하기 위해 취득(vested)� 제한주식단위(RSU)� 원천징수� 보고했습니다. 서류에는 08/06/2025� 이루어진 � 건의 원천징수 거래가 기재되어 있습니다: 40,496주를 주당 $16.55, 40,388주를 주당 $16.08, 그리� 27,316주를 주당 $15.50. 보고서에� 이러� 원천징수가 RSU 취득� 관련된 세금 납부� 위한 것이� 공개시장 판매가 아니�� 명시되어 있습니다.

� 항목에는 거래 후의 실질 보유 주식 수도 함께 기재되어 있습니다: 3,906,008, 3,865,620, � 3,838,304. � 문서� 취득� 주식� 대� 세금 원천징수� 관� 정기적인 내부 보고이며 임의 매도 보고가 아닙니다.

Fred Thiel, PDG et administrateur de MARA Holdings, Inc., a déclaré la retenue d'unités d'actions restreintes devenues acquises afin de couvrir des obligations fiscales. Le formulaire indique trois opérations de retenue en date du 08/06/2025 : 40,496 actions à $16.55, 40,388 actions à $16.08 et 27,316 actions à $15.50. Le dépôt précise que ces retenues ont été effectuées pour satisfaire des obligations fiscales liées au vesting des RSU et ne constituent pas des ventes sur le marché ouvert.

Chaque ligne indique également le nombre d'actions détenues résultant des opérations : 3,906,008, 3,865,620 et 3,838,304, respectivement. Le document constitue une déclaration interne routinière concernant la retenue fiscale sur des actions acquises, et non une vente discrétionnaire.

Fred Thiel, CEO und Direktor von MARA Holdings, Inc., meldete die Einbehaltung von bereits ausgefallenen Restricted Stock Units (RSU) zur Begleichung von Steuerverpflichtungen. Das Formular weist drei Einbehaltstransaktionen am 08/06/2025 aus: 40,496 Aktien zu $16.55, 40,388 Aktien zu $16.08 und 27,316 Aktien zu $15.50. In der Meldung heißt es, diese Einbehalte seien vorgenommen worden, um steuerliche Verbindlichkeiten im Zusammenhang mit dem Vesting der RSU zu erfüllen und stellen keine Verkäufe am offenen Markt dar.

Jede Zeile gibt außerdem die sich daraus ergebende wirtschaftliche Besitzanzahl nach den Transaktionen an: 3,906,008, 3,865,620 und 3,838,304. Das Dokument ist eine routinemäßige Insider-Meldung zur Steuerabführung auf bereits ausgefallene Aktien und keine diskretionäre Veräußerung.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine RSU tax withholding by CEO; not a market sale and carries no immediate liquidity signal.

The filing documents three withholding transactions tied to the vesting of restricted stock units. Transaction code F and the explanation explicitly state shares were withheld to cover tax liability, and the filer did not execute open market sales. The reported per-share prices appear to reflect the withholding valuation for each tranche. For investors, this is a standard administrative equity event that does not indicate opportunistic disposition or change in ownership intent by management.

TL;DR: Administrative withholding of RSUs; disclosure aligns with Section 16 reporting requirements and shows no material governance concern.

The report identifies Fred Thiel as both an officer and director and shows withholding to satisfy tax obligations on vested RSUs. The submission includes the attorney-in-fact signature block, consistent with standard practice for executed filings. Because the transaction is explicitly a withholding and not an open-market sale, it does not raise governance red flags such as undeclared insider selling or related-party transfers.

Fred Thiel, CEO e Direttore di MARA Holdings, Inc., ha comunicato la ritenuta di unità azionarie vincolate (RSU) già maturate per coprire obblighi fiscali. Il modulo riporta tre operazioni di ritenuta in data 08/06/2025: 40,496 azioni a $16.55, 40,388 azioni a $16.08 e 27,316 azioni a $15.50. La segnalazione specifica che tali ritenute sono state effettuate per soddisfare passività fiscali connesse alla maturazione delle RSU e non costituiscono vendite sul mercato aperto.

Ogni voce indica inoltre il conteggio della proprietà effettiva risultante dopo le transazioni: 3,906,008, 3,865,620 e 3,838,304, rispettivamente. Il documento è una comunicazione interna di routine relativa alla trattenuta fiscale sulle azioni maturate, non una vendita discrezionale.

Fred Thiel, CEO y director de MARA Holdings, Inc., informó la retención de unidades de acciones restringidas (RSU) ya vestidas para cubrir obligaciones fiscales. El formulario muestra tres transacciones de retención el 08/06/2025: 40,496 acciones a $16.55, 40,388 acciones a $16.08 y 27,316 acciones a $15.50. La presentación indica que estas retenciones se realizaron para satisfacer pasivos fiscales relativos al vesting de las RSU y que no son ventas en el mercado abierto.

Cada línea también refleja el recuento de propiedad beneficiaria resultante tras las transacciones: 3,906,008, 3,865,620 y 3,838,304, respectivamente. El documento es una notificación rutinaria sobre la retención fiscal de acciones adquiridas, no una venta discrecional.

MARA Holdings, Inc.� CEO � 이사� Fred Thiel� 세금 부담을 충당하기 위해 취득(vested)� 제한주식단위(RSU)� 원천징수� 보고했습니다. 서류에는 08/06/2025� 이루어진 � 건의 원천징수 거래가 기재되어 있습니다: 40,496주를 주당 $16.55, 40,388주를 주당 $16.08, 그리� 27,316주를 주당 $15.50. 보고서에� 이러� 원천징수가 RSU 취득� 관련된 세금 납부� 위한 것이� 공개시장 판매가 아니�� 명시되어 있습니다.

� 항목에는 거래 후의 실질 보유 주식 수도 함께 기재되어 있습니다: 3,906,008, 3,865,620, � 3,838,304. � 문서� 취득� 주식� 대� 세금 원천징수� 관� 정기적인 내부 보고이며 임의 매도 보고가 아닙니다.

Fred Thiel, PDG et administrateur de MARA Holdings, Inc., a déclaré la retenue d'unités d'actions restreintes devenues acquises afin de couvrir des obligations fiscales. Le formulaire indique trois opérations de retenue en date du 08/06/2025 : 40,496 actions à $16.55, 40,388 actions à $16.08 et 27,316 actions à $15.50. Le dépôt précise que ces retenues ont été effectuées pour satisfaire des obligations fiscales liées au vesting des RSU et ne constituent pas des ventes sur le marché ouvert.

Chaque ligne indique également le nombre d'actions détenues résultant des opérations : 3,906,008, 3,865,620 et 3,838,304, respectivement. Le document constitue une déclaration interne routinière concernant la retenue fiscale sur des actions acquises, et non une vente discrétionnaire.

Fred Thiel, CEO und Direktor von MARA Holdings, Inc., meldete die Einbehaltung von bereits ausgefallenen Restricted Stock Units (RSU) zur Begleichung von Steuerverpflichtungen. Das Formular weist drei Einbehaltstransaktionen am 08/06/2025 aus: 40,496 Aktien zu $16.55, 40,388 Aktien zu $16.08 und 27,316 Aktien zu $15.50. In der Meldung heißt es, diese Einbehalte seien vorgenommen worden, um steuerliche Verbindlichkeiten im Zusammenhang mit dem Vesting der RSU zu erfüllen und stellen keine Verkäufe am offenen Markt dar.

Jede Zeile gibt außerdem die sich daraus ergebende wirtschaftliche Besitzanzahl nach den Transaktionen an: 3,906,008, 3,865,620 und 3,838,304. Das Dokument ist eine routinemäßige Insider-Meldung zur Steuerabführung auf bereits ausgefallene Aktien und keine diskretionäre Veräußerung.

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*
Thiel Frederick G

(Last) (First) (Middle)
C/O MARA HOLDINGS, INC.
1010 SOUTH FEDERAL HIGHWAY, SUITE 2700

(Street)
HALLANDALE BEACH FL 33009

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MARA Holdings, Inc. [ MARA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/06/2025
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 08/06/2025 F 40,496(1) D $16.55 3,906,008 D
Common Stock 08/06/2025 F 40,388(1) D $16.08 3,865,620 D
Common Stock 08/06/2025 F 27,316(1) D $15.5 3,838,304 D
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:
1. Reflects shares of the issuer's common stock withheld to cover the reporting person's tax liability in connection with the vesting of restricted stock units. This transaction was not an open market sale by the reporting person.
/s/ Zabi Nowaid, Attorney-in-Fact for Fred Thiel 08/08/2025
** 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

Who filed the Form 4 for MARA (MARA)?

The reporting person is Frederick G. Thiel, identified as the company's Chief Executive Officer and a Director.

What transactions are reported on the MARA Form 4?

Three withholding transactions related to vested RSUs dated 08/06/2025: 40,496 shares at $16.55, 40,388 shares at $16.08, and 27,316 shares at $15.50.

Were these shares sold on the open market?

No. The form explicitly states the shares were withheld to cover tax liability in connection with RSU vesting and were not an open market sale.

How many shares did the filing show as beneficially owned after the transactions?

The filing reports beneficial ownership counts following each transaction as 3,906,008, 3,865,620, and 3,838,304, respectively.

What transaction code is used and what does it indicate?

Transaction code F is shown for each line; the form's explanation clarifies these entries reflect shares withheld for tax obligations on vested restricted stock units.
MARA Holdings Inc

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5.89B
367.69M
0.75%
57.96%
23.24%
Capital Markets
Finance Services
United States
HALLANDALE BEACH