Carl Kristopher Hagedorn - Aug 25, 2022 Form 4 Insider Report for Marathon Petroleum Corp (MPC)

Role: Senior VP and Controller
Signature: /s/ Molly R. Benson, Attorney-in-Fact for Carl Kristopher Hagedorn
Stock symbol: MPC
Transactions as of: Aug 25, 2022
Transactions value $: -$796,719
Form type: 4
Date filed: 8/29/2022, 12:06 PM
Previous filing: Apr 5, 2022
Next filing: Mar 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MPC	Common Stock	Options Exercise	$191K	+2.66K	+33.77%	$71.80	10.5K	Aug 25, 2022	Direct
transaction	MPC	Common Stock	Sale	-$280K	-2.66K	-25.25%	$105.39	7.87K	Aug 25, 2022	Direct
transaction	MPC	Common Stock	Options Exercise	$427K	+7K	+88.9%	$61.05	14.9K	Aug 25, 2022	Direct
transaction	MPC	Common Stock	Sale	-$738K	-7K	-47.06%	$105.41	7.87K	Aug 25, 2022	Direct	F1
transaction	MPC	Common Stock	Options Exercise	$98K	+4.7K	+59.63%	$20.87^*	12.6K	Aug 25, 2022	Direct
transaction	MPC	Common Stock	Sale	-$495K	-4.7K	-37.36%	$105.42	7.87K	Aug 25, 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	MPC	Employee Stock Option (right to buy)	Options Exercise	$0	-2.66K	-100%	$0.00^*	0	Aug 25, 2022	Common Stock	2.66K	$71.80	Direct	F3
transaction	MPC	Employee Stock Option (right to buy)	Options Exercise	$0	-7K	-100%	$0.00^*	0	Aug 25, 2022	Common Stock	7K	$61.05	Direct	F4
transaction	MPC	Employee Stock Option (right to buy)	Options Exercise	$0	-4.7K	-50%	$0.00	4.7K	Aug 25, 2022	Common Stock	4.7K	$20.87	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.40 to $105.41, inclusive. The reporting person undertakes to provide to Marathon Petroleum Corporation, any security holder of Marathon Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1 and 2 to this Form 4.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.41 to $105.42, inclusive. The reporting person undertakes to provide to Marathon Petroleum Corporation, any security holder of Marathon Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1 and 2 to this Form 4.
F3	This option, in the amount of 2,659, is exercisable as follows: 886 shares on April 1, 2019, 886 shares on April 1, 2020 and 887 shares on April 1, 2021.
F4	This option, in the amount of 6,999, is exercisable as follows: 2,333 shares on April 1, 2020, 2,333 shares on April 1, 2021 and 2,333 shares on April 1, 2022.
F5	This option, in the amount of 14,085, is exercisable as follows: 4,695 shares on April 1, 2021, 4,695 shares on April 1, 2022 and 4,695 shares on April 1, 2023.

Remarks:

Senior Vice President and Controller