Timothy Shaw - 01 Sep 2023 Form 4 Insider Report for MARIMED INC. (MRMD)

Role
Chief Operating Officer
Signature
/s/ Timothy Shaw
Issuer symbol
MRMD
Transactions as of
01 Sep 2023
Transactions value $
$0
Form type
4
Filing time
06 Sep 2023, 19:29:20 UTC
Previous filing
01 May 2023
Next filing
30 Oct 2023
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 MRMD Restricted Stock Units (RSU) Award $0 +390,000 $0 390,000 01 Sep 2023 Common Stock, par value $.001 per share 390,000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs convert to shares of common stock on a one-for-one basis.
F2 The RSUs vest over a three-year period of which 130,000 RSUs will vest on September 1, 2024 and thereafter, 65,000 RSUs will vest every succeeding six (6) months through September 1, 2026, on each of September 1st and March 1st, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.