Adam Swick - 08 Dec 2023 Form 4 Insider Report for MARATHON DIGITAL HOLDINGS, INC. (MARA)

Signature
/s/ Adam Michael Swick
Issuer symbol
MARA
Transactions as of
08 Dec 2023
Transactions value $
-$42,671
Form type
4
Filing time
12 Dec 2023, 17:55:08 UTC
Previous filing
21 Nov 2023
Next filing
12 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MARA Common Stock Award $0 +24K +62.07% $0.00 62.8K 08 Dec 2023 Direct F1
transaction MARA Common Stock Tax liability -$37.2K -2.3K -3.66% $16.19 60.5K 08 Dec 2023 Direct F2
transaction MARA Common Stock Tax liability -$5.43K -326 -0.54% $16.67 60.1K 08 Dec 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a grant of restricted stock units ("RSUs") made under the Marathon Patent Group, Inc. 2018 Equity Incentive Plan (the "Plan"), which RSUs grant over a three-year period, with 25% of the grant vesting immediately, and 6.25% of the grant vesting quarterly thereafter. Each RSU represents a contingent right to receive one share of Common Stock.
F2 Reflects the weighted average price at which shares of Common Stock were sold to cover the payment of taxes in connection with the vesting of RSUs reported herein. The shares were sold in multiple transactions at prices ranging from $15.62 to $16.61, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F3 Reflects the weighted average price at which shares of Common Stock were sold to cover the payment of taxes in connection with the vesting of RSUs reported herein. The shares were sold in multiple transactions at prices ranging from $16.63 to $16.69, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.