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

Role
Chief Executive Officer, Director
Signature
/s/ Hessam Nadji
Issuer symbol
MMI
Transactions as of
10 Mar 2023
Net transactions value
-$1,173,218
Form type
4
Filing time
14 Mar 2023, 20:45:20 UTC
Previous filing
13 Feb 2023
Next filing
12 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMI Common Stock Options Exercise +18,400 +12% 174,970 10 Mar 2023 Direct F1
transaction MMI Common Stock Tax liability $293,304 -9,123 -5.2% $32.15 165,847 10 Mar 2023 Direct F2
transaction MMI Common Stock Options Exercise +18,400 +11% 184,247 10 Mar 2023 Direct F1
transaction MMI Common Stock Tax liability $293,304 -9,123 -5% $32.15 175,124 10 Mar 2023 Direct F2
transaction MMI Common Stock Options Exercise +18,400 +11% 193,524 10 Mar 2023 Direct F1
transaction MMI Common Stock Tax liability $293,304 -9,123 -4.7% $32.15 184,401 10 Mar 2023 Direct F2
transaction MMI Common Stock Options Exercise +18,400 +10% 202,801 10 Mar 2023 Direct F1
transaction MMI Common Stock Tax liability $293,304 -9,123 -4.5% $32.15 193,678 10 Mar 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 -18,400 -50% $0.000000 18,400 10 Mar 2023 Common Stock 18,400 Direct F1, F3
transaction MMI Restricted Stock Units Options Exercise $0 -18,400 -33% $0.000000 36,800 10 Mar 2023 Common Stock 18,400 Direct F1, F4
transaction MMI Restricted Stock Units Options Exercise $0 -18,400 -25% $0.000000 55,200 10 Mar 2023 Common Stock 18,400 Direct F1, F5
transaction MMI Restricted Stock Units Options Exercise $0 -18,400 -20% $0.000000 73,600 10 Mar 2023 Common Stock 18,400 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.