Robert Bertz - May 7, 2023 Form 4 Insider Report for MARIN SOFTWARE INC (MRIN)

Role
CFO
Signature
/s/ Robert Bertz
Stock symbol
MRIN
Transactions as of
May 7, 2023
Transactions value $
-$1,387
Form type
4
Date filed
5/9/2023, 05:44 PM
Previous filing
Feb 13, 2023
Next filing
Jun 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRIN Common Stock Options Exercise $0 +5K +14.74% $0.00 38.9K May 7, 2023 Direct
transaction MRIN Common Stock Tax liability -$1.39K -2.04K -5.24% $0.68 36.9K May 7, 2023 Direct F1

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 MRIN Restricted Stock Units (RSU) Options Exercise $0 -5K -100% $0.00* 0 May 7, 2023 Common Stock 5K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 Each RSU represents a contingent right to receive one (1) share of the Issuer's common stock upon settlement.
F3 25% of the RSUs vest annually on each of May 7, 2020, May 7, 2021, May 7, 2022 and May 7, 2023, provided the Reporting Person serves continuously on the Issuer's Board of Directors on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
F4 RSUs do not expire; they either vest or are canceled prior to the vesting date.