Timothy Shaw - Apr 27, 2025 Form 4 Insider Report for MARIMED INC. (MRMD)

Role: Chief Operating Officer
Signature: /s/ Timothy Shaw
Stock symbol: MRMD
Transactions as of: Apr 27, 2025
Transactions value $: -$4,158
Form type: 4
Date filed: 4/29/2025, 04:40 PM
Previous filing: Apr 2, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRMD	Common stock	Options Exercise	$0	+111K	+1.26%	$0.00	8.91M	Apr 27, 2025	Direct	F1
transaction	MRMD	Common stock	Tax liability	-$4.16K	-38.5K	-0.43%	$0.11	8.88M	Apr 27, 2025	Direct	F2
holding	MRMD	Common stock						2M	Apr 27, 2025	By the Shaw 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	-111K	-50%	$0.00	111K	Apr 27, 2025	Common Stock, par value $.001 per share	111K		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 RSUs.
F3	The reporting person's spouse is the trustee of the trust and the shares held in the trust are for the benefit of the reporting person's 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.
F4	The RSUs were granted on October 27, 2022; the remaining unvested RSUs will vest on October 27, 2025 in accordance with the terms of an agreement between the Issuer and the Reporting Person.