Diena Lee Mann - 25 May 2023 Form 4 Insider Report for MARIN SOFTWARE INC (MRIN)

Role
Director
Signature
/s/ Diena Lee Mann by Robert Bertz, Attorney-in-Fact
Issuer symbol
MRIN
Transactions as of
25 May 2023
Transactions value $
$0
Form type
4
Filing time
26 May 2023, 16:18:43 UTC
Previous filing
13 Feb 2023
Next filing
11 Apr 2024
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 +44,855 +6.61% $0 51,642 25 May 2023 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 -6,787 -50% $0 6,787 25 May 2023 Common Stock 6,787 Direct F1, F2
transaction MRIN Restricted Stock Unit Options Exercise $0 -38,068 -100% $0* 0 25 May 2023 Common Stock 38,068 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 over 36 months with 1/3rd of the total number of shares vesting on the date of the Issuer's annual meeting of stockholders held in each of 2022, 2023, and 2024, 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. The RSUs have no expiration date.
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 May 25, 2023. The RSUs have no expiration date.