Mario Pinho - Aug 9, 2024 Form 3 Insider Report for MARIMED INC. (MRMD)

Role
Chief Financial Officer
Signature
/s/ Mario Pinho
Stock symbol
MRMD
Transactions as of
Aug 9, 2024
Transactions value $
$0
Form type
3
Date filed
8/15/2024, 04:47 PM

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
holding MRMD Restricted Stock Units (RSU) Aug 9, 2024 Common Stock, par value $.001 per share 300K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 January 15 and July 15, for the following two years through July 15, 2027, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.
F2 RSUs convert to shares of common stock on a one-for-one basis.