Robert Bertz - Dec 9, 2021 Form 4 Insider Report for MARIN SOFTWARE INC (MRIN)

Role
CFO
Signature
/s/ Robert Bertz
Stock symbol
MRIN
Transactions as of
Dec 9, 2021
Transactions value $
-$10,352
Form type
4
Date filed
12/13/2021, 07:03 PM
Previous filing
Aug 13, 2021
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRIN Common Stock Options Exercise +5K 5K Dec 9, 2021 Direct F1
transaction MRIN Common Stock Tax liability -$10.4K -2.05K -41.08% $5.04 2.95K Dec 9, 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 Dec 9, 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 The RSU shall not be vested with respect to any of the shares as of the grant date, and each such RSU shall vest as to one-half of the shares on each annual anniversary of the vesting commencement date, so long as the Reporting Person continues to provide services to the Issuer or any of its subsidiaries as provided in the 2013 Equity Incentive Plan or applicable RSU Agreement.