Christopher A. Lien - Jun 13, 2024 Form 4 Insider Report for MARIN SOFTWARE INC (MRIN)

Role
CEO, Director
Signature
/s/ Christopher A. Lien by Robert Bertz, Attorney-in-Fact
Stock symbol
MRIN
Transactions as of
Jun 13, 2024
Transactions value $
-$6,450
Form type
4
Date filed
6/17/2024, 07:06 PM
Previous filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRIN Common Stock Options Exercise $0 +6.67K +112.98% $0.00 12.6K Jun 13, 2024 Direct
transaction MRIN Common Stock Tax liability -$6.45K -2.73K -21.75% $2.36 9.84K Jun 13, 2024 Direct F1
holding MRIN Common Stock 23.7K Jun 13, 2024 Held by Christopher A. Lien and Rebecca S. Lien, Co-Trustees the Lien Revocable Trust dated 7/8/2003 F2
holding MRIN Common Stock 3.21K Jun 13, 2024 Held by the Christopher A. Lien 2013 Annuity Trust dated 2/4/13 F3
holding MRIN Common Stock 3.21K Jun 13, 2024 Held by the Rebecca S. Lien 2013 Annuity Trust dated 2/4/13 F4
holding MRIN Common Stock 20 Jun 13, 2024 Held by Rebecca Lien F5

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 -6.67K -100% $0.00* 0 Jun 13, 2024 Common Stock 6.67K Direct F6, F7, F8
* 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 The Reporting Person serves as a co-trustee of the trust.
F3 The Reporting Person serves as the trustee of the trust.
F4 The Reporting Person's spouse serves as the trustee of the trust.
F5 The shares are held by the Reporting Person's spouse.
F6 Each RSU represents a contingent right to receive one (1) share of the Issuer's common stock upon settlement.
F7 50% of the RSUs vest on each of June 13, 2023 and June 13, 2024, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
F8 RSUs do not expire; they either vest or are canceled prior to the vesting date.

Remarks:

The Reporting Person's holdings have been adjusted to reflect the 1-for-6 stock split of the Issuer's common stock that became effective on April 12, 2024.