James Crawford - Nov 10, 2023 Form 4 Insider Report for MARATHON DIGITAL HOLDINGS, INC. (MARA)

Role
Chief Operating Officer
Signature
/s/ James Crawford
Stock symbol
MARA
Transactions as of
Nov 10, 2023
Transactions value $
-$1,416,860
Form type
4
Date filed
11/21/2023, 01:53 PM
Previous filing
Jun 1, 2023
Next filing
Dec 12, 2023

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 -$1.42M -147K -36.19% $9.61 260K Nov 10, 2023 Common 147K $0.00 Direct F1, F2, F3
* 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 an officer of the Corporation, the Reporting Person was granted an award as stated in the rows denoted as "A" in column 4, which shall vest over a three-year period, with (i) 25% of the grant vesting immediately and (ii) the balance vesting ratably over the next 12 consecutive calendar quarters (6.25% per calendar quarter). The Reporting Person has indicated that he will have 45% of the shares vested on each vesting date sold for tax purposes.
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. Amount is gross of shares to be sold upon vesting for tax purposes. Upon each vesting date, the number of shares vested shall be deducted from the amount of shares listed in Column 9, and the number of shares of Common Stock beneficially owned shall be increased by the number of shares deducted from Column 9, less the number of shares sold for income tax purposes on behalf of the Reporting Person.