Merrick Okamoto - Aug 23, 2021 Form 4 Insider Report for MARATHON DIGITAL HOLDINGS, INC. (MARA)

Role
Executive Chairman, Director
Signature
/s/ Merrick Okamoto
Stock symbol
MARA
Transactions as of
Aug 23, 2021
Transactions value $
-$3,084,988
Form type
4
Date filed
12/30/2021, 05:54 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MARA Common Stock Conversion of derivative security $3.08M +83.3K +1.52% $37.02 5.57M Dec 28, 2021 Direct F3, F5
transaction MARA Common Stock Sale -$3.08M -83.3K -1.5% $37.02 5.49M Dec 28, 2021 Direct F3, 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 MARA RSUs Disposed to Issuer -$3.08M -83.3K -100% $37.02 0 Dec 28, 2021 Common 83.3K $0.00 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vested restricted stock units ("RSUs") granted under the Marathon Patent Group, Inc. 2018 Equity Incentive Plan (the "Plan") convert into shares of the Issuer's Common Stock on a one-for-one basis upon settlement by the Issuer in accordance with the procedures of the Plan.
F2 On the date in column 3, in connection with the Reporting Person's service as a director of the Corporation, the Reporting Person was granted an award as stated in those rows denoted as "A" in column 4, which immediately vested in those rows denoted as "D" in column 4.
F3 Represents the total direct and indirect beneficial ownership of the security held by the Reporting Person immediately following the issuance reported by this Form 4.
F4 Immediate vesting for all 83,333 granted RSUs.
F5 Amount in column (4) is net of shares sold for tax purposes.

Remarks:

Merrick Okamoto was awarded 83,333 RSUs which immediately vested, and all shares were sold for tax purposes.