Wister Walcott - May 13, 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
May 13, 2022
Transactions value $
-$9,475
Form type
4
Date filed
5/17/2022, 08:23 PM
Previous filing
Apr 14, 2022
Next filing
Jun 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRIN Common Stock Options Exercise $0 +11.3K +11.78% $0.00 107K May 13, 2022 Direct
transaction MRIN Common Stock Tax liability -$9.48K -4.62K -4.33% $2.05 102K May 13, 2022 Direct F1

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 -50% $0.00 11.3K May 13, 2022 Common Stock 11.3K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one (1) share of the Issuer's common stock upon settlement.
F3 25% of the RSUs vest on each of May 13, 2020, May 13, 2021, May 13, 2022 and May 13, 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.