Timothy Shaw - Nov 29, 2024 Form 4 Insider Report for MARIMED INC. (MRMD)

Role: Chief Operating Officer
Signature: /s/ Timothy Shaw
Stock symbol: MRMD
Transactions as of: Nov 29, 2024
Transactions value $: $0
Form type: 4
Date filed: 12/2/2024, 05:05 PM
Previous filing: Oct 29, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MRMD	Common stock						8.73M	Nov 29, 2024	Direct
holding	MRMD	Common stock						2M	Nov 29, 2024	By the Shaw 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	+244K		$0.00	244K	Nov 29, 2024	Common Stock, par value $.001 per share	244K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	The reporting person's spouse is the trustee of the trust and the shares held in the trust are for the benefit of the reporting person's children. The trust is an irrevocable trust. 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 on the first anniversary of the date of grant and one-sixth (1/6) will vest every six months thereafter for the following two years in accordance with the terms of an award agreement between the Issuer and the Reporting Person.