Kevin Denuccio - Jan 16, 2023 Form 4 Insider Report for MARATHON DIGITAL HOLDINGS, INC. (MARA)

Role
Director
Signature
/s/ Kevin A DeNuccio
Stock symbol
MARA
Transactions as of
Jan 16, 2023
Transactions value $
$249,999
Form type
4
Date filed
5/17/2023, 08:46 AM
Previous filing
Dec 16, 2022
Next filing
Feb 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MARA Common Stock Conversion of derivative security $250K +32.6K +18.6% $7.68 208K Jan 16, 2023 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 Award $250K +32.6K $7.68 32.6K Jan 16, 2023 Common 32.6K $0.00 Direct F2, F4
transaction MARA RSUs Disposed to Issuer -$250K -32.6K -100% $7.68 0 Jan 16, 2023 Common 32.6K $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.
F5 Amount in column (4) is net of shares sold for tax purposes.