Hessam Nadji - 10 Apr 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 Apr 2023
Net transactions value
-$47,140
Form type
4
Filing time
12 Apr 2023, 17:07:47 UTC
Previous filing
14 Mar 2023
Next filing
15 Aug 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 +3,000 +1.5% 196,678 10 Apr 2023 Direct F1
transaction MMI Common Stock Tax liability $47,140 -1,488 -0.76% $31.68 195,190 10 Apr 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 -3,000 -100% $0.000000* 0 10 Apr 2023 Common Stock 3,000 Direct F1, F3
* 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 settlement of RSUs. The amount of shares withheld is based on the closing sales price on the date of settlement on April 10, 2023.
F3 The restricted stock units vested in five equal annual installments beginning April 10, 2019.