Simeon Salzman - 15 Feb 2022 Form 4 Insider Report for MARATHON DIGITAL HOLDINGS, INC. (MARA)

Signature
/s/ Simeon Salzman
Issuer symbol
MARA
Transactions as of
15 Feb 2022
Net transactions value
+$255,500
Form type
4
Filing time
04 Mar 2022, 11:32:20 UTC
Next filing
16 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MARA Common Stock Conversion of derivative security $255,500 +10,000 +13% $25.55 84,366 15 Feb 2022 Direct 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 Award $255,500 +10,000 $25.55 10,000 15 Feb 2022 Common 10,000 $0.000000 Direct F1, F2, F3, F4
transaction MARA RSUs Disposed to Issuer $255,500 -10,000 -100% $25.55 0 15 Feb 2022 Common 10,000 $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
F4 Immediate vesting.
F5 Amount in column (4) is net shares sold for tax purposes.