Hessam Nadji - 10 Sep 2024 Form 4 Insider Report for Marcus & Millichap, Inc. (MMI)

Role
Chief Executive Officer, Director
Signature
/s/ Mark Cortell, as Attorney-in-Fact for Hessam Nadji
Issuer symbol
MMI
Transactions as of
10 Sep 2024
Net transactions value
-$582,617
Form type
4
Filing time
11 Sep 2024, 20:56:35 UTC
Previous filing
26 Aug 2024
Next filing
17 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMI Common Stock Options Exercise +30,000 +14% 239,123 10 Sep 2024 Direct F1
transaction MMI Common Stock Tax liability $582,617 -15,204 -6.4% $38.32 223,919 10 Sep 2024 Direct F2
transaction MMI Common Stock Gift $0 -500 -0.22% $0.000000 223,419 11 Sep 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MMI Restricted Stock Units Options Exercise $0 -30,000 -20% $0.000000 120,000 10 Sep 2024 Common Stock 30,000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F2 Shares withheld by the Issuer in payment of the withholding tax liability incurred upon the above-reported settlements of RSUs. The amount of shares withheld is based on the closing sale price on September 10, 2024.
F3 The restricted stock units vest in five equal annual installments beginning September 10, 2024.