Timothy Shaw - 02 Apr 2024 Form 4 Insider Report for MARIMED INC. (MRMD)

Role
Chief Operating Officer
Signature
/s/ Timothy Shaw
Issuer symbol
MRMD
Transactions as of
02 Apr 2024
Transactions value $
$0
Form type
4
Filing time
03 Apr 2024, 17:10:32 UTC
Previous filing
11 Mar 2024
Next filing
29 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MRMD Common stock 8,477,072 02 Apr 2024 Direct
holding MRMD Common stock 2,000,000 02 Apr 2024 By the Shaw Family Trust F1

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 +59,895 $0.000000 59,895 02 Apr 2024 Common Stock, par value $.001 per share 59,895 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting persons spouse is the trustee of the trust and the shares held in the trust are for the benefit of the reporting persons children. The trust is an irrevocable trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F2 RSUs convert to shares of common stock on a one-for-one basis.
F3 The RSUs will vest over a three-year period as follows: one-third (1/3) will vest one year from the date of grant and one-sixth (1/6) will vest every six months thereafter, on October 2 and April 2, for the following two years through April 2, 2027 in accordance with the terms of an award agreement between the Issuer and the Reporting Person.