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

Role
Executive Chairman, Director
Signature
/s/ Merrick Okamoto
Issuer symbol
MARA
Transactions as of
23 Aug 2021
Net transactions value
-$3,084,988
Form type
4
Filing time
30 Dec 2021, 17:54:42 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MARA Common Stock Conversion of derivative security $3,084,988 +83,333 +1.5% $37.02 5,569,813 28 Dec 2021 Direct F3, F5
transaction MARA Common Stock Sale $3,084,988 -83,333 -1.5% $37.02 5,486,480 28 Dec 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 $3,084,988 -83,333 -100% $37.02 0 28 Dec 2021 Common 83,333 $0.000000 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.