MarineMax Form 4: Executive Sells 8,553 Shares at $25.33

Rhea-AI Filing Summary

Kyle M. Langbehn, EVP and President of Retail at MarineMax, Inc. (HZO) reported several equity transactions on 09/30/2025. The filing shows acquisition of 12,511 performance-based restricted stock units that vested on 09/30/2025, plus three other RSU grants totaling 13,918 units and 743 shares bought under the Employee Stock Purchase Plan during the quarter ended March 31, 2025. The filer also reported a disposition of 8,553 shares at a price of $25.33, leaving total reported beneficial ownership at 71,152 shares after the transactions. The filing explains vesting schedules and that performance RSUs were awarded based on criteria from November 18, 2022 tied to inventory management and operations during fiscal 2023.

Insights

Compensation & Governance Analyst

Significant RSU vesting and ESPP activity for an executive on 09/30/2025.

What it means: The 12,511 performance-based RSUs vested on 09/30/2025, converting contingent compensation into company stock for the reporting executive.

Why it matters: Vesting of performance RSUs signals that previously disclosed performance criteria tied to inventory management and operations were met or deemed achieved, and it increases the executive's direct equity stake to 71,152 shares.

Insider Trading Analyst

Insider sold 8,553 shares at $25.33 the same reporting date as multiple RSU acquisitions.

What it means: The Form 4 records a sale of 8,553 shares (transaction code F) at $25.33, reducing beneficial holdings before and after other grant-related acquisitions are netted.

Why it matters: Concurrent sale and vesting/acquisition activity is common when executives realize value from vested awards; the filing provides exact amounts and price, enabling investors to track insider liquidity and ownership changes.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Langbehn Kyle

(Last) (First) (Middle)

501 BROOKER CREEK BLVD

(Street)

OLDSMAR FL 34677

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MARINEMAX INC [ HZO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, President of Retail

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/30/2025		M		12,511	A	$0	57,234(1)	D
Common Stock	09/30/2025		M		3,178	A	$0	60,412	D
Common Stock	09/30/2025		M		4,044	A	$0	64,456	D
Common Stock	09/30/2025		M		6,696	A	$0	71,152	D
Common Stock	09/30/2025		F		8,553	D	$25.33	62,599	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Based Restricted Stock Units	(2)	09/30/2025		M			12,511	(3)	(3)	Common Stock	12,511	$0	0	D
Restricted Stock Units	(2)	09/30/2025		M			3,178	(4)	(4)	Common Stock	3,178	$0	0	D
Restricted Stock Units	(2)	09/30/2025		M			4,044	(5)	(5)	Common Stock	4,044	$0	4,045	D
Restricted Stock Units	(2)	09/30/2025		M			6,696	(6)	(6)	Common Stock	6,696	$0	13,397	D

Explanation of Responses:

1. Includes 743 shares acquired under the MarineMax Employee Stock Purchase Plan during the fiscal quarter ending March 31, 2025.

2. Each restricted stock unit represents a contingent right to receive one share of MarineMax, Inc. Common Stock.

3. The performance-based restricted stock units vest on September 30, 2025. These units were awarded based on performance criteria established on November 18, 2022 and tied to inventory management and operations during fiscal 2023.

4. These restricted stock units vest in three annual installments beginning on September 30, 2023.

5. These restricted stock units vest in three annual installments beginning on September 30, 2024.

6. These restricted stock units vest in three annual installments beginning on September 30, 2025.

	Anthony E. Cassella, Jr., Attorney-in-Fact for Kyle M. Langbehn	10/02/2025
	** Signature of Reporting Person	Date
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