Frederick G. Thiel - 20 Feb 2026 Form 4 Insider Report for MARA Holdings, Inc. (MARA)

Role: Chief Executive Officer, Director
Signature: /s/ Zabi Nowaid, Attorney-in-Fact for Fred Thiel
Issuer symbol: MARA
Transactions as of: 20 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 20 Feb 2026, 21:56:08 UTC
Previous filing: 19 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Thiel Frederick G	Chief Executive Officer, Director	C/O MARA HOLDINGS, INC., 1010 SOUTH FEDERAL HIGHWAY, SUITE 2700, HALLANDALE BEACH	/s/ Zabi Nowaid, Attorney-in-Fact for Fred Thiel	20 Feb 2026	0001567383

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MARA	Common Stock	Award	$0	+752,093	+18%	$0.000000	4,907,815	20 Feb 2026	Direct	F1

* 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 to the reporting person under the issuer's Amended and Restated 2018 Equity Incentive Plan, as amended. The RSUs vest in eleven (11) substantially equal quarterly installments during the period beginning on April 1, 2026, and ending on December 31, 2028, subject to the reporting person's continued service to the issuer through each vesting date. Each RSU represents a contingent right to receive one share of the issuer's common stock, par value $0.0001 per share.

Content

Reflects a grant of restricted stock units ("RSUs") made to the reporting person under the issuer's Amended and Restated 2018 Equity Incentive Plan, as amended. The RSUs vest in eleven (11) substantially equal quarterly installments during the period beginning on April 1, 2026, and ending on December 31, 2028, subject to the reporting person's continued service to the issuer through each vesting date. Each RSU represents a contingent right to receive one share of the issuer's common stock, par value $0.0001 per share.