MARA Notice: Insider RSU Vesting and Proposed 34,732-Share Sale

Rhea-AI Filing Summary

Form 144 notice for proposed sale of common stock. The filer proposes to sell 34,732 common shares through Fidelity Brokerage Services on 08/15/2025 on NASDAQ with an aggregate market value of $546,334.36. The filing reports 370,457,880 shares outstanding. Acquisition detail for the shares sold shows they were granted as restricted stock vesting on 07/31/2024 (1,333 shares), 10/01/2024 (9,163 shares) and 10/31/2024 (24,236 shares) and paid as compensation. The filing also lists three sales by The S&N Khan Family Trust in the past three months: 16,700 shares on 05/16/2025 for $261,856.00, 34,733 shares on 06/12/2025 for $550,518.05, and 34,732 shares on 07/15/2025 for $661,644.60. Certain issuer identification fields and signature/notice dates are not populated in the provided content.

Positive

• Transaction details provided: broker, proposed sale date, share counts and aggregate market value are disclosed
• Acquisition source clear: shares originated from restricted stock vesting and were paid as compensation
• Recent sale history disclosed: three transactions with dates, amounts and gross proceeds included

Negative

• Issuer identification fields not populated in the provided extract, limiting direct issuer linkage within the form content
• Remarks/signature/date fields absent in the supplied content, reducing administrative completeness of the notice

Insights

Financial Analyst

TL;DR: Routine insider/beneficiary sales and RSU vesting reported; transaction sizes are small relative to outstanding shares.

The filing documents a proposed single-day sale of 34,732 common shares valued at $546,334.36 and shows recent related sales totaling 83,165 shares over three months. Acquisition entries indicate these shares arose from restricted stock vesting and were compensation-related. Against an outstanding share base of 370,457,880, the proposed sale and recent sales represent a de minimis percentage of shares outstanding. The filing is procedural and provides clear trade counterpart/broker details for the proposed sale.

Compliance / Corporate Governance Expert

TL;DR: Disclosure format largely complete but several form fields appear blank, reducing transparency.

The notice identifies broker, proposed sale date, quantities, values and acquisition basis (restricted stock vesting), which aligns with Rule 144 disclosure practice. However, key issuer identification and signature/notice dates are not present in the supplied content, and the filing includes an explicit representation checkbox text but no populated execution details. From a compliance standpoint, the substantive trade data is present but administrative omissions in the provided extract should be resolved to ensure full traceability and regulatory completeness.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	34732	546334.36	370457880	08/15/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/31/2024	Restricted Stock Vesting	Issuer			1333	07/31/2024	Compensation
Common	10/01/2024	Restricted Stock Vesting	Issuer			9163	10/01/2024	Compensation
Common	10/31/2024	Restricted Stock Vesting	Issuer			24236	10/31/2024	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
The S&N Khan Family Trust 12/26/2020 1010 South Federal Highway Suite 2700 Hallandale Beach FL 33009	Common	05/16/2025	16700	261856.00
The S&N Khan Family Trust 12/26/2020 1010 South Federal Highway Suite 2700 Hallandale Beach FL 33009	Common	06/12/2025	34733	550518.05
The S&N Khan Family Trust 12/26/2020 1010 South Federal Highway Suite 2700 Hallandale Beach FL 33009	Common	07/15/2025	34732	661644.60

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Form 144 filed for MARA indicate about the proposed sale?

It indicates a proposed sale of 34,732 common shares through Fidelity on 08/15/2025 with aggregate market value $546,334.36.

How were the shares being sold acquired according to the filing?

The filing shows the shares were acquired via restricted stock vesting on 07/31/2024, 10/01/2024, and 10/31/2024 and paid as compensation.

What recent sales by related parties are reported in the filing?

The S&N Khan Family Trust sold 16,700 shares on 05/16/2025 for $261,856.00, 34,733 shares on 06/12/2025 for $550,518.05, and 34,732 shares on 07/15/2025 for $661,644.60.

What is the share count outstanding reported in this Form 144?

The filing reports 370,457,880 shares outstanding.

Does the filing show who will execute the sale?

Yes; the broker named for the proposed sale is Fidelity Brokerage Services LLC at an address in Smithfield, RI.