Hessam Nadji - Mar 10, 2022 Form 4 Insider Report for Marcus & Millichap, Inc. (MMI)

Role
Chief Executive Officer, Director
Signature
/s/ Mark Cortell, as Attorney-in-Fact for Hessam Nadji
Stock symbol
MMI
Transactions as of
Mar 10, 2022
Transactions value $
-$1,235,984
Form type
4
Date filed
3/14/2022, 08:26 PM
Previous filing
Jan 23, 2023
Next filing
Mar 31, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMI Common Stock Options Exercise +18.4K +11.7% 176K Mar 10, 2022 Direct F1
transaction MMI Common Stock Tax liability -$412K -9.12K -5.19% $45.16 167K Mar 10, 2022 Direct F2
transaction MMI Common Stock Options Exercise +18.4K +11.05% 185K Mar 10, 2022 Direct F1
transaction MMI Common Stock Tax liability -$412K -9.12K -4.93% $45.16 176K Mar 10, 2022 Direct F2
transaction MMI Common Stock Options Exercise +18.4K +10.47% 194K Mar 10, 2022 Direct F1
transaction MMI Common Stock Tax liability -$412K -9.12K -4.7% $45.16 185K Mar 10, 2022 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 MMI Restricted Stock Units Options Exercise $0 -18.4K -33.33% $0.00 36.8K Mar 10, 2022 Common Stock 18.4K Direct F1, F3
transaction MMI Restricted Stock Units Options Exercise $0 -18.4K -25% $0.00 55.2K Mar 10, 2022 Common Stock 18.4K Direct F1, F4
transaction MMI Restricted Stock Units Options Exercise $0 -18.4K -20% $0.00 73.6K Mar 10, 2022 Common Stock 18.4K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F2 Shares withheld by the Issuer in payment of the withholding tax liability incurred upon the above-reported settlement of RSUs. The amount of shares withheld is based on the closing sale price on March 10, 2022.
F3 The restricted stock units vest in five equal annual installments beginning March 10, 2020.
F4 The restricted stock units vest in five equal annual installments beginning March 10, 2021.
F5 The restricted stock units vest in five equal annual installments beginning March 10, 2022.

Remarks:

Exhibit 24.1: Power of Attorney