Michael Medici - Jun 24, 2024 Form 4 Insider Report for Markforged Holding Corp (MKFG)

Role: Director
Signature: /s/ Stephen Karp, Attorney-in-Fact
Stock symbol: MKFG
Transactions as of: Jun 24, 2024
Transactions value $: $111,800
Form type: 4
Date filed: 6/26/2024, 04:06 PM
Previous filing: Sep 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MKFG	Common Stock	Award	$112K	+260K	+127.3%	$0.43	464K	Jun 24, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of a Restricted Stock Unit ("RSU") award made pursuant to the Issuer's 2021 Stock Option and Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration. The RSUs shall vest on the earlier of (i) the date of the next annual meeting of stockholders of the Issuer and (ii) the 12-month anniversary of the grant date, subject to the Reporting Person's continuous service to the Issuer on each such date.
F2	Mr. Medici holds any Common Stock and RSUs for the benefit of Summit Partners, L.P., which he as empowered to determine when the underlying shares will be sold and which is entitled to the proceeds of any such sales. Summit Partners, L.P., through a three-person Investment Committee, responsible for voting and investment decisions with respect to the Issuer, currently composed of Peter Y. Chung, Scott C. Collins and Leonard C. Ferrington, has voting and dispositive authority over the shares and RSUs reported herein and therefore may be deemed to beneficially own such shares. Summit Partners, L.P., Mr. Chung, Mr. Collins and Mr. Ferrington each disclaims beneficial ownership of the shares of Common Stock and the RSUs, except to the extent of their pecuniary interest therein.

Content

Consists of a Restricted Stock Unit ("RSU") award made pursuant to the Issuer's 2021 Stock Option and Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration. The RSUs shall vest on the earlier of (i) the date of the next annual meeting of stockholders of the Issuer and (ii) the 12-month anniversary of the grant date, subject to the Reporting Person's continuous service to the Issuer on each such date.

Mr. Medici holds any Common Stock and RSUs for the benefit of Summit Partners, L.P., which he as empowered to determine when the underlying shares will be sold and which is entitled to the proceeds of any such sales. Summit Partners, L.P., through a three-person Investment Committee, responsible for voting and investment decisions with respect to the Issuer, currently composed of Peter Y. Chung, Scott C. Collins and Leonard C. Ferrington, has voting and dispositive authority over the shares and RSUs reported herein and therefore may be deemed to beneficially own such shares. Summit Partners, L.P., Mr. Chung, Mr. Collins and Mr. Ferrington each disclaims beneficial ownership of the shares of Common Stock and the RSUs, except to the extent of their pecuniary interest therein.