Christopher A. Lien - 11 Aug 2022 Form 4 Insider Report for MARIN SOFTWARE INC (MRIN)

Role: CEO, Director
Signature: /s/ Christopher A. Lien by Robert Bertz, Attorney-in-Fact
Issuer symbol: MRIN
Transactions as of: 11 Aug 2022
Net transactions value: -$30,493
Form type: 4
Filing time: 15 Aug 2022, 19:19:23 UTC
Previous filing: 15 Jun 2022
Next filing: 13 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRIN	Common Stock	Options Exercise	$0	+40,000		$0.000000	40,000	11 Aug 2022	Direct
transaction	MRIN	Common Stock	Tax liability	$30,493	-16,393	-41%	$1.86	23,607	11 Aug 2022	Direct	F1
holding	MRIN	Common Stock						219,569	11 Aug 2022	Held by Christopher A. Lien and Rebecca S. Lien, Co-Trustees the Lien Revocable Trust dated 7/8/2003	F2
holding	MRIN	Common Stock						19,285	11 Aug 2022	Held by the Christopher A. Lien 2013 Annuity Trust dated 2/4/13	F3
holding	MRIN	Common Stock						19,285	11 Aug 2022	Held by the Rebecca S. Lien 2013 Annuity Trust dated 2/4/13	F4
holding	MRIN	Common Stock						120	11 Aug 2022	Held by the Rebecca S. Lien	F5

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 Unit	Options Exercise	$0	-40,000	-50%	$0.000000	40,000	11 Aug 2022	Common Stock	40,000		Direct	F6, F7

* 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. 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 restricted stock units ("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	The Reporting Person serves as a co-trustee of the trust.
F3	The Reporting Person serves as the trustee of the trust.
F4	The Reporting Person's spouse serves as the trustee.
F5	The shares are held by the Reporting Person's spouse.
F6	Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F7	50% of the RSUs vest on each of August 11, 2022 and August 11, 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.