Randolph L. Marten - 20 Feb 2026 Form 4 Insider Report for MARTEN TRANSPORT LTD (MRTN)

Role: Chairman of the Board and CEO, Director, 10%+ Owner
Signature: /s/ James J. Hinnendael, attorney-in-fact
Issuer symbol: MRTN
Transactions as of: 20 Feb 2026
Net transactions value: -$64,732
Form type: 4
Filing time: 23 Feb 2026, 16:39:06 UTC
Previous filing: 19 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
MARTEN RANDOLPH L	Chairman of the Board and CEO, Director, 10%+ Owner	C/O MARTEN TRANSPORT, LTD., 129 MARTEN STREET, MONDOVI	/s/ James J. Hinnendael, attorney-in-fact	23 Feb 2026	0001253979

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRTN	Common Stock	Tax liability	$64,732	-4,657	-0.03%	$13.90	17,731,800	20 Feb 2026	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Of the 10,983 shares that vested, this number of shares were withheld in exchange for payment of employee taxes. All vested shares were previously reported as they vested based on service.
F2	Includes: (i) 10,812 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2029; (ii) 6,108 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2028; (iii) 3,506 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2027; and (iv) 2,091 shares granted under a Performance Award Agreement that vest on 12/31/2026.

Content

Of the 10,983 shares that vested, this number of shares were withheld in exchange for payment of employee taxes. All vested shares were previously reported as they vested based on service.

Includes: (i) 10,812 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2029; (ii) 6,108 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2028; (iii) 3,506 shares granted under a Performance Award Agreement that vest on 12/31/2026 through 12/31/2027; and (iv) 2,091 shares granted under a Performance Award Agreement that vest on 12/31/2026.