Ryan Crandall - 07 Apr 2025 Form 3 Insider Report for MARIMED INC. (MRMD)

Role: Chief Commercial Officer
Signature: /s/ Ryan Crandall
Issuer symbol: MRMD
Transactions as of: 07 Apr 2025
Net transactions value: $0
Form type: 3
Filing time: 14 Apr 2025, 17:20:39 UTC
Next filing: 12 May 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MRMD	Common Stock, par value $.001 per share						598,002	07 Apr 2025	Direct

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)							07 Apr 2025	Common Stock, par value $.001 per share	225,000	$0.000000	Direct	F1, F2
holding	MRMD	Restricted Stock Units (RSU)							07 Apr 2025	Common Stock, par value $.001 per share	24,189	$0.000000	Direct	F2, F3
holding	MRMD	Restricted Stock Units (RSU)							07 Apr 2025	Common Stock, par value $.001 per share	162,000	$0.000000	Direct	F2, F4
holding	MRMD	Restricted Stock Units (RSU)							07 Apr 2025	Common Stock, par value $.001 per share	25,000	$0.000000	Direct	F2, F5
holding	MRMD	Option to buy common stock							07 Apr 2025	Common Stock, par value $.001 per share	1,000,000	$0.7600	Direct	F6
holding	MRMD	Option to buy common stock							07 Apr 2025	Common Stock, par value $.001 per share	1,000,000	$0.2500	Direct	F6

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

Explanation of Responses:

Id	Content
F1	The RSUs vest over a three-year period as follows: (i) one-third on November 29, 2025; and (ii) in equal one-sixth installments every six months following November 29, 2025 through November 29, 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.
F3	The RSUs vest in equal one-fourth installments every six months beginning on September 28, 2025 through March 28, 2027, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.
F4	The RSUs vest in three equal installments of 54,000 shares of common stock on each of June 8, 2025, December 8, 2025 and June 8, 2026, respectively, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.
F5	The RSUs vest in two equal installments of 12,500 shares of common stock on each of September 7, 2025 and March 7, 2026, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.
F6	Immediately.