Robert Bertz - 11 Aug 2022 Form 4 Insider Report for MARIN SOFTWARE INC (MRIN)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
15 Aug 2022, 19:16:22 UTC
Prior SEC filing
15 Jun 2022
Next SEC filing
13 Dec 2022
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 15 Aug 2022.

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: 15 Aug 2022, 19:16.

Change

  • Previous filing in this sequence was filed on 15 Jun 2022.
  • Current net transaction value: -$20,963.

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
$0
Shares
+27,500
Change %
+186%
Price
$0.000000
Shares after
42,248
Date
11 Aug 2022
Ownership
Direct
MRIN transaction

Common Stock

Tax liability

Transaction value
$20,963
Shares
-11,270
Change %
-27%
Price
$1.86
Shares after
30,978
Date
11 Aug 2022
Ownership
Direct
Footnotes
F1

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
-27,500
Change %
-50%
Price
$0.000000
Shares after
27,500
Date
11 Aug 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
27,500
Exercise price
Footnotes
F2, 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

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 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.

Footnote F2

Each RSU represents a contingent right to receive one (1) share of the Issuer's common stock upon settlement.

Footnote F3

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.

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