Jon R. Levine - Mar 7, 2025 Form 4 Insider Report for MARIMED INC. (MRMD)

Signature
/s/ Jon R. Levine
Stock symbol
MRMD
Transactions as of
Mar 7, 2025
Transactions value $
-$888
Form type
4
Date filed
3/11/2025, 05:11 PM
Previous filing
Dec 2, 2024
Next filing
Apr 2, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRMD Common stock Options Exercise $0 +23.3K +0.11% $0.00 20.6M Mar 7, 2025 Direct F1
transaction MRMD Common stock Tax liability -$888 -8.09K -0.04% $0.11 20.6M Mar 7, 2025 Direct F2
holding MRMD Common stock 6.68M Mar 7, 2025 By the Jon Levine Family Trust F3

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) Options Exercise $0 -23.3K -33.33% $0.00 46.7K Mar 7, 2025 Common Stock, par value $.001 per share 23.3K Direct F1, F4
* 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 Reflects shares of common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the RSUs.
F3 These shares are held in trust for the benefit of the reporting person's spouse and children. 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.
F4 The RSUs were granted on March 7, 2023 and vested as to one-third (1/3) on March 7, 2024 and one-sixth (1/6) on each of September 7, 2024 and March 7, 2025; the remaining RSUs will vest in two equal installments thereafter, on September 7, 2025 and March 7, 2026.