L. Gordon Crovitz - 08 Jun 2022 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
08 Jun 2022
Transactions value $
$0
Form type
4
Date filed
10 Jun 2022, 19:20
Previous filing
11 Apr 2022
Next filing
16 Jun 2022
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 $0 +69.8K $0.00 69.8K 08 Jun 2022 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
transaction MRIN Restricted Stock Unit Options Exercise $0 -28K -50% $0.00 28K 08 Jun 2022 Common Stock 28K Direct F1, F2
transaction MRIN Restricted Stock Unit Options Exercise $0 -41.9K -100% $0.00* 0 08 Jun 2022 Common Stock 41.9K Direct F1, F3
* 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.
F3 The RSUs vested as to 100% of the total number of shares on the date of the Issuer's annual meeting of stockholders held on June 8, 2022. The RSUs have no expiration date.