Ryan Crandall - 15 Dec 2025 Form 4 Insider Report for MARIMED INC. (MRMD)

Role
Chief Commercial Officer
Signature
/s/ Ryan Crandall
Issuer symbol
MRMD
Transactions as of
15 Dec 2025
Net transactions value
-$1,977
Form type
4
Filing time
16 Dec 2025, 16:33:43 UTC
Previous filing
08 Dec 2025
Next filing
09 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Crandall Ryan Chief Commercial Officer 10 OCEANA WAY, 2ND FLOOR, NORWOOD /s/ Ryan Crandall 15 Dec 2025 0002062820

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRMD Common stock Options Exercise $0 +62,902 +7.6% $0.000000 885,977 15 Dec 2025 Direct F1
transaction MRMD Common stock Tax liability $1,977 -18,462 -2.1% $0.1071 867,515 15 Dec 2025 Direct F2

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) Options Exercise $0 -62,902 -100% $0.000000 0 15 Dec 2025 Common Stock, par value $.001 per share 62,902 Direct F1, F3
transaction MRMD Restricted Stock Units (RSU) Award $0 +1,000,000 $0.000000 1,000,000 15 Dec 2025 Common Stock, par value $.001 per share 1,000,000 Direct F1, F4
* 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 Reflects shares of common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
F3 These RSUs were granted on May 9, 2025; there are no unvested RSUs remaining under this grant in accordance with the terms of an award agreement between the Issuer and the Reporting Person.
F4 These RSUs will vest in four equal installments, on each of June 15, 2026, December 15, 2026, June 15, 2027 and December 15, 2027, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.

Remarks:

The RSUs granted on December 15, 2025 were issued in lieu of a cash salary increase in connection with the Reporting Person's promotion to Chief Commercial Officer.