Jon R. Levine - Apr 2, 2024 Form 4 Insider Report for MARIMED INC. (MRMD)

Role
President and CEO, Director
Signature
/s/ Jon R. Levine
Stock symbol
MRMD
Transactions as of
Apr 2, 2024
Transactions value $
$0
Form type
4
Date filed
4/3/2024, 05:08 PM
Previous filing
Mar 11, 2024
Next filing
Apr 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MRMD Common stock 20.2M Apr 2, 2024 Direct
holding MRMD Common stock 6.68M Apr 2, 2024 By the Jon Levine Family Trust F1

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 +69.1K $0.00 69.1K Apr 2, 2024 Common Stock, par value $.001 per share 69.1K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held in trust for the benefit of the reporting person's spouse and children. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F2 RSUs convert to shares of common stock on a one-for-one basis.
F3 The RSUs will vest over a three-year period as follows: one-third (1/3) will vest one year from the date of grant and one-sixth (1/6) will vest every six months thereafter, on October 2 and April 2, for the following two years through April 2, 2027 in accordance with the terms of an award agreement between the Issuer and the Reporting Person.