Jon R. Levine - 07 Nov 2023 Form 4 Insider Report for MARIMED INC. (MRMD)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/ Jon R. Levine
Issuer symbol
MRMD
Transactions as of
07 Nov 2023
Net transactions value
$0
Form type
4
Filing time
09 Nov 2023, 16:11:11 UTC
Previous filing
30 Oct 2023
Next filing
11 Mar 2024
SEC
View on sec.gov

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 +450,000 $0.000000 450,000 07 Nov 2023 Common Stock, par value $.001 per share 450,000 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 150,000 RSUs will vest on November 7, 2024 and thereafter, 75,000 RSUs will vest every succeeding six (6) months through November 7, 2026, on each of May 7th and November 7th, commencing on May 7, 2025, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.