Wister Walcott - 13 Jun 2024 Form 4 Insider Report for MARIN SOFTWARE INC (MRIN)

Role
EVP, PRODUCT AND TECHNOLOGY
Signature
/s/ Wister Wolcott by Robert Bertz, Attorney-in-Fact
Issuer symbol
MRIN
Transactions as of
13 Jun 2024
Net transactions value
-$4,836
Form type
4
Filing time
17 Jun 2024, 19:07:36 UTC
Previous filing
08 Mar 2024
Next filing
11 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRIN Common Stock Options Exercise $0 +5,000 +16% $0.000000 36,436 13 Jun 2024 Direct
transaction MRIN Common Stock Tax liability $4,836 -2,049 -5.6% $2.36 34,387 13 Jun 2024 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 -5,000 -100% $0.000000* 0 13 Jun 2024 Common Stock 5,000 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 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.
F4 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 reverse stock split of the Issuer's common stock that became effective on April 12, 2024.