Robert Bertz - 07 May 2021 Form 4 Insider Report for MARIN SOFTWARE INC (MRIN)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
11 May 2021, 20:17:30 UTC
Next SEC filing
13 Aug 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Robert Bertz

Key filing fact

Robert Bertz filed Form 4 for MARIN SOFTWARE INC (MRIN) on 11 May 2021.

Key facts

  • This page summarizes Robert Bertz's Form 4 filing for MARIN SOFTWARE INC (MRIN).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 11 May 2021, 20:17.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: -$3,267.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MRIN transaction

Common Stock

Options Exercise

Transaction value
Shares
+5,000
Change %
+85%
Price
Shares after
10,911
Date
07 May 2021
Ownership
Direct
Footnotes
F1
MRIN transaction

Common Stock

Tax liability

Transaction value
$3,267
Shares
-2,055
Change %
-19%
Price
$1.59
Shares after
8,856
Date
07 May 2021
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MRIN transaction Derivative

Restricted Stock Units (RSU)

Options Exercise

Transaction value
$0
Shares
+5,000
Change %
+100%
Price
$0.000000
Shares after
10,000
Date
07 May 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
5,000
Exercise price
Footnotes
F1, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Each restricted stock unit ("RSU") represents a contingent right to receive one (1) share of the Issuer's Common Stock upon settlement.

Footnote 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.

Footnote 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.

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