Steven F. DeGennaro - 10 Aug 2023 Form 4 Insider Report for Marcus & Millichap, Inc. (MMI)

Role
EVP and CFO
Signature
/s/ Steven F. DeGennaro
Issuer symbol
MMI
Transactions as of
10 Aug 2023
Net transactions value
-$53,583
Form type
4
Filing time
14 Aug 2023, 20:07:46 UTC
Previous filing
14 Mar 2023
Next filing
12 Mar 2024
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 +1,500 +19% 9,468 10 Aug 2023 Direct F1
transaction MMI Common Stock Tax liability $26,791 -744 -7.9% $36.01 8,724 10 Aug 2023 Direct F2
transaction MMI Common Stock Options Exercise +1,500 +17% 10,224 10 Aug 2023 Direct F1
transaction MMI Common Stock Tax liability $26,791 -744 -6.9% $36.01 10,027 10 Aug 2023 Direct F2, F3

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 -1,500 -33% $0.000000 3,000 10 Aug 2023 Common Stock 1,500 Direct F1, F4
transaction MMI Restricted Stock Units Options Exercise $0 -1,500 -25% $0.000000 4,500 10 Aug 2023 Common Stock 1,500 Direct F1, F5
* 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 August 10, 2023.
F3 Includes 547 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.
F4 The restricted stock units vest in five equal annual installments beginning August 10, 2021.
F5 The restricted stock units vest in five equal annual installments beginning August 10, 2022.