Zabi Nowaid - 18 Feb 2026 Form 4 Insider Report for MARA Holdings, Inc. (MARA)

Role: General Counsel
Signature: /s/ Zabi Nowaid
Issuer symbol: MARA
Transactions as of: 18 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 19 Feb 2026, 21:00:04 UTC
Previous filing: 06 Feb 2026
Next filing: 20 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Nowaid Zabi	General Counsel	C/O MARA HOLDINGS, INC., 1010 SOUTH FEDERAL HIGHWAY, SUITE 2700, HALLANDALE BEACH	/s/ Zabi Nowaid	19 Feb 2026	0001837940

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MARA	Common Stock	Award	$0	+203,648	+29%	$0.000000	894,633	18 Feb 2026	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the number of performance-vested restricted stock units ("PSUs") earned by the reporting person pursuant to an award granted on February 28, 2025 under the issuer's Amended and Restated 2018 Equity Incentive Plan, as amended, and the related award agreement. The PSUs were subject to issuer performance goals based on hashrate hours, total exahash and deployed megawatts over the performance period beginning January 1, 2025 and ending on December 31, 2025. On February 18, 2026, the Talent, Culture and Compensation Committee of the issuer's Board of Directors certified the level of achievement of the applicable performance goals, resulting in the reporting person earning 203,648 PSUs. The earned PSUs remain subject to the applicable time-based vesting conditions set forth in the award agreement.

Content

Represents the number of performance-vested restricted stock units ("PSUs") earned by the reporting person pursuant to an award granted on February 28, 2025 under the issuer's Amended and Restated 2018 Equity Incentive Plan, as amended, and the related award agreement. The PSUs were subject to issuer performance goals based on hashrate hours, total exahash and deployed megawatts over the performance period beginning January 1, 2025 and ending on December 31, 2025. On February 18, 2026, the Talent, Culture and Compensation Committee of the issuer's Board of Directors certified the level of achievement of the applicable performance goals, resulting in the reporting person earning 203,648 PSUs. The earned PSUs remain subject to the applicable time-based vesting conditions set forth in the award agreement.