Robert Bertz - May 7, 2021 Form 4 Insider Report for MARIN SOFTWARE INC (MRIN)

Role
CFO
Signature
/s/ Robert Bertz
Stock symbol
MRIN
Transactions as of
May 7, 2021
Transactions value $
-$3,267
Form type
4
Date filed
5/11/2021, 08:17 PM
Next filing
Aug 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRIN Common Stock Options Exercise +5K +84.59% 10.9K May 7, 2021 Direct F1
transaction MRIN Common Stock Tax liability -$3.27K -2.06K -18.83% $1.59 8.86K May 7, 2021 Direct F2

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 MRIN Restricted Stock Units (RSU) Options Exercise $0 +5K +100% $0.00 10K May 7, 2021 Common Stock 5K 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 ("RSU") represents a contingent right to receive one (1) share of the Issuer's Common Stock upon settlement.
F2 Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
F3 25% of the RSUs vest annually on the each of May 7, 2020, May 7, 2021, May 7, 2022 and May 7, 2023, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.