Frederick G. Thiel - 10 Nov 2023 Form 4 Insider Report for MARATHON DIGITAL HOLDINGS, INC. (MARA)

Role
CEO, Director
Signature
/s/ Frederick G Thiel
Issuer symbol
MARA
Transactions as of
10 Nov 2023
Net transactions value
+$5,869,183
Form type
4
Filing time
14 Nov 2023, 17:08:55 UTC
Previous filing
21 Dec 2022
Next filing
02 Feb 2024
SEC
View on sec.gov

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 MARA RSUs Award $5,869,183 +610,737 +98% $9.61 1,235,687 10 Nov 2023 Common 610,737 $0.000000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vested restricted stock units ("RSUs") granted under the Marathon Patent Group, Inc. 2018 Equity Incentive Plan (the "Plan") convert into shares of the Issuer's Common Stock on a one-for-one basis upon settlement by the Issuer in accordance with the procedures of the Plan.
F2 On the date in column 3, in connection with the Reporting Person's service as an officer and director of the Corporation, the Reporting Person was granted an award as stated in the rows denoted as "A" in column 4, which shall vest over a three-year period, with (i) 25% of the grant vesting immediately and (ii) the balance vesting ratably over the next 12 consecutive calendar quarters (6.25% per calendar quarter). The Reporting Person has indicated that he will have 50% of the shares vested on each vesting date for tax purposes.
F3 Represents the total direct and indirect beneficial ownership of the security held by the Reporting Person immediately following the issuance reported by this Form 4. Amount is gross of shares to be sold upon vesting for tax purposes. Upon each vesting date, the number of shares vested shall be deducted from the amount of shares listed in Column 9, and the number of shares of Common Stock beneficially owned shall be increased by the number of shares deducted from Column 9, less the number of shares sold for income tax purposes on behalf of the Reporting Person.