Wister Walcott - Apr 12, 2022 Form 4 Insider Report for MARIN SOFTWARE INC (MRIN)

Role
EVP, Product and Technology
Signature
/s/ Wister Walcott by Robert Bertz, Attorney-in-Fact
Stock symbol
MRIN
Transactions as of
Apr 12, 2022
Transactions value $
-$11,555
Form type
4
Date filed
4/14/2022, 04:22 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 +11.3K +12.65% 100K Apr 12, 2022 Direct F1
transaction MRIN Common Stock Tax liability -$11.6K -4.62K -4.61% $2.50 95.5K Apr 12, 2022 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 -11.3K -100% $0.00* 0 Apr 12, 2022 Common Stock 11.3K 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. The shares reported as disposed of 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 fully vested on April 12, 2022.