Hessam Nadji - Mar 10, 2023 Form 4 Insider Report for Marcus & Millichap, Inc. (MMI)

Role: Chief Executive Officer, Director
Signature: /s/ Hessam Nadji
Stock symbol: MMI
Transactions as of: Mar 10, 2023
Transactions value $: -$1,173,218
Form type: 4
Date filed: 3/14/2023, 08:45 PM
Previous filing: Feb 13, 2023
Next filing: Apr 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MMI	Common Stock	Options Exercise		+18.4K	+11.75%		175K	Mar 10, 2023	Direct	F1
transaction	MMI	Common Stock	Tax liability	-$293K	-9.12K	-5.21%	$32.15	166K	Mar 10, 2023	Direct	F2
transaction	MMI	Common Stock	Options Exercise		+18.4K	+11.09%		184K	Mar 10, 2023	Direct	F1
transaction	MMI	Common Stock	Tax liability	-$293K	-9.12K	-4.95%	$32.15	175K	Mar 10, 2023	Direct	F2
transaction	MMI	Common Stock	Options Exercise		+18.4K	+10.51%		194K	Mar 10, 2023	Direct	F1
transaction	MMI	Common Stock	Tax liability	-$293K	-9.12K	-4.71%	$32.15	184K	Mar 10, 2023	Direct	F2
transaction	MMI	Common Stock	Options Exercise		+18.4K	+9.98%		203K	Mar 10, 2023	Direct	F1
transaction	MMI	Common Stock	Tax liability	-$293K	-9.12K	-4.5%	$32.15	194K	Mar 10, 2023	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	MMI	Restricted Stock Units	Options Exercise	$0	-18.4K	-50%	$0.00	18.4K	Mar 10, 2023	Common Stock	18.4K		Direct	F1, F3
transaction	MMI	Restricted Stock Units	Options Exercise	$0	-18.4K	-33.33%	$0.00	36.8K	Mar 10, 2023	Common Stock	18.4K		Direct	F1, F4
transaction	MMI	Restricted Stock Units	Options Exercise	$0	-18.4K	-25%	$0.00	55.2K	Mar 10, 2023	Common Stock	18.4K		Direct	F1, F5
transaction	MMI	Restricted Stock Units	Options Exercise	$0	-18.4K	-20%	$0.00	73.6K	Mar 10, 2023	Common Stock	18.4K		Direct	F1, F6

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F2	Shares withheld by the Issuer in payment of the withholding tax liability incurred upon the above-reported settlements of RSUs. The amount of shares withheld is based on the closing sale price on March 10, 2023.
F3	The restricted stock units vest in five equal annual installments beginning March 10, 2020.
F4	The restricted stock units vest in five equal annual installments beginning March 10, 2021.
F5	The restricted stock units vest in five equal annual installments beginning March 10, 2022.
F6	The restricted stock units vest in five equal annual installments beginning March 10, 2023.