Salman Khan - Nov 17, 2025 Form 4 Insider Report for MARA Holdings, Inc. (MARA)

Signature
/s/ Zabi Nowaid, Attorney-in-Fact for Salman Khan
Stock symbol
MARA
Transactions as of
Nov 17, 2025
Transactions value $
-$416,437
Form type
4
Date filed
11/19/2025, 07:00 PM
Previous filing
Nov 4, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Khan Salman Hassan Chief Financial Officer C/O MARA HOLDINGS, INC., 1010 SOUTH FEDERAL HIGHWAY, SUITE 2700, HALLANDALE BEACH /s/ Zabi Nowaid, Attorney-in-Fact for Salman Khan 2025-11-19 0001907413

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MARA Common Stock Sale -$416K -34.7K -10.92% $11.99 283K Nov 17, 2025 By S & N Khan Family Trust F1, F2
holding MARA Common Stock 1.25M Nov 17, 2025 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2025.
F2 The reporting person and his spouse are trustees of the S & N Khan Family Trust, and members of the reporting person's immediate family are the sole beneficiaries of the trust.