L. GORDON CROVITZ - 02 Jun 2021 Form 4 Insider Report for MARIN SOFTWARE INC (MRIN)

Role: Director
Signature: /s/ L. Gordon Crovitz by Robert Bertz, Attorney-in-Fact
Issuer symbol: MRIN
Transactions as of: 02 Jun 2021
Transactions value $: $0
Form type: 4
Filing time: 04 Jun 2021, 19:26:30 UTC
Previous filing: 02 Jun 2021
Next filing: 06 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRIN	Common Stock	Options Exercise		+28K	+827.57%		31.4K	02 Jun 2021	Direct	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	MRIN	Restricted Stock Unit	Options Exercise	$0	-28K	-33.33%	$0.00	55.9K	02 Jun 2021	Common Stock	28K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2	The RSUs shall vest as to one-third of the total number of shares on the date of the Issuer's annual meeting of stockholders held in each of 2021, 2022 and 2023, provided that the Reporting Person continues to serve on the Issuer's Board of Directors on each vesting date and provided further that, in the event of certain corporate transactions, all of the shares subject to the RSUs shall immediately vest in full as of the effectiveness of such transaction.

Content

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.

The RSUs shall vest as to one-third of the total number of shares on the date of the Issuer's annual meeting of stockholders held in each of 2021, 2022 and 2023, provided that the Reporting Person continues to serve on the Issuer's Board of Directors on each vesting date and provided further that, in the event of certain corporate transactions, all of the shares subject to the RSUs shall immediately vest in full as of the effectiveness of such transaction.