Robert Bertz - 07 Mar 2024 Form 4 Insider Report for MARIN SOFTWARE INC (MRIN)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
08 Mar 2024, 16:04:56 UTC
Prior SEC filing
12 Dec 2023
Next SEC filing
17 Jun 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Robert Bertz

Key filing fact

Robert Bertz filed Form 4 for MARIN SOFTWARE INC (MRIN) on 08 Mar 2024.

Key facts

  • This page summarizes Robert Bertz's Form 4 filing for MARIN SOFTWARE INC (MRIN).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 08 Mar 2024, 16:04.

Change

  • Previous filing in this sequence was filed on 12 Dec 2023.
  • Current net transaction value: -$5,303.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MRIN transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+42,500
Change %
+114%
Price
$0.000000
Shares after
79,919
Date
07 Mar 2024
Ownership
Direct
MRIN transaction

Common Stock

Tax liability

Transaction value
$5,303
Shares
-17,417
Change %
-22%
Price
$0.3045
Shares after
62,502
Date
07 Mar 2024
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MRIN transaction Derivative

Restricted Stock Units (RSU)

Options Exercise

Transaction value
$0
Shares
-42,500
Change %
-50%
Price
$0.000000
Shares after
42,500
Date
07 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
42,500
Exercise price
Footnotes
F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote F2

Each RSU represents a contingent right to receive one (1) share of the Issuer's common stock upon settlement.

Footnote F3

50% of the RSUs vest on each of March 7, 2024 and March 7, 2025, so long as the Reporting Person continues to provide services to the Issuer or any of its subsidiaries on each vesting date as provided in the Plan or the RSU Agreement. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting. The RSUs have no expiration date.

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