Timothy Shaw - Sep 1, 2023 Form 4 Insider Report for MARIMED INC. (MRMD)

Role
Chief Operating Officer
Signature
/s/ Timothy Shaw
Stock symbol
MRMD
Transactions as of
Sep 1, 2023
Transactions value $
$0
Form type
4
Date filed
9/6/2023, 06:29 PM
Previous filing
May 1, 2023
Next filing
Oct 30, 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 MRMD Restricted Stock Units (RSU) Award $0 +390K $0.00 390K Sep 1, 2023 Common Stock, par value $.001 per share 390K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs convert to shares of common stock on a one-for-one basis.
F2 The RSUs vest over a three-year period of which 130,000 RSUs will vest on September 1, 2024 and thereafter, 65,000 RSUs will vest every succeeding six (6) months through September 1, 2026, on each of September 1st and March 1st, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.