Timothy Shaw - 09 Jul 2021 Form 4 Insider Report for MARIMED INC. (MRMD)

Role: Chief Operating Officer
Signature: /s/ Timothy Shaw
Issuer symbol: MRMD
Transactions as of: 09 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 13 Jul 2021, 16:05:49 UTC
Next filing: 05 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MRMD	Common stock						7,849,508	09 Jul 2021	Direct
holding	MRMD	Common stock						2,000,000	09 Jul 2021	By the Shaw Family Trust	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	MRMD	Option to buy common stock	Award		+1,250,000			1,250,000	09 Jul 2021	Common Stock, par value $.001 per share	1,250,000	$0.8800	Direct	F2, F3
holding	MRMD	Option to buy common stock						50,000	09 Jul 2021	Common Stock, par value $.001 per share	50,000	$0.3000	Direct	F4

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

Explanation of Responses:

Id	Content
F1	The reporting person's spouse is the trustee of the trust and the shares held in the trust are for the benefit of the reporting person's children. The trust is an irrevocable trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F2	Granted to the reporting person on July 9, 2021 (the "Grant Date"), this option is exercisable to acquire 50% of the underlying shares on the Grant Date and 100% of the shares on or after the one-year anniversary of the Grant Date.
F3	Not applicable.
F4	Immediately.