[144] MARA Holdings, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for MARA (MARA Holdings, Inc.) reporting proposed sales of company common stock. The filer intends to sell 34,732 shares of common stock through Fidelity Brokerage Services on NASDAQ with an aggregate market value of $564,047.68 and reports 370,457,880 shares outstanding. The shares were acquired as restricted stock vesting on 10/31/2024 (5,821 shares) and 12/31/2024 (28,911 shares) as compensation. The filing also lists two prior sales by The S&N Khan Family Trust on 07/15/2025 and 08/18/2025, each of 34,732 shares with gross proceeds of $661,644.60 and $546,334.36 respectively. The filer certifies no undisclosed material adverse information.

Positive

• Detailed compliance disclosure of acquisition dates, nature of acquisition, broker, and aggregate market value consistent with Rule 144 requirements
• Transparency on prior related sales by The S&N Khan Family Trust with dates and gross proceeds included
• Clear statement that the securities were acquired as compensation via restricted stock vesting

Negative

• None.

Insights

Securities Compliance Analyst

TL;DR: Routine Rule 144 notice reporting a modest proposed sale of vested restricted shares; appears procedurally compliant.

The filing documents a proposed sale of 34,732 common shares via Fidelity on NASDAQ, acquired through restricted stock vesting on two dates in 2024 and held as compensation. The notice includes recent actual sales by an affiliate trust in July and August 2025 and includes the filers representation about lack of undisclosed material adverse information. From a compliance perspective, the form contains the required acquisition and broker details necessary to satisfy Rule 144 disclosure obligations.

Equity Capital Markets Analyst

TL;DR: The position and proposed sale are small relative to total shares outstanding; transaction is unlikely to be market-moving.

The filing quantifies the proposed disposition and provides acquisition dates and amounts, enabling straightforward assessment of timing and value. Listed aggregate market value is $564,047.68 against 370,457,880 shares outstanding. The inclusion of prior trust sales with stated gross proceeds adds transparency about recent insider-related transactions. There are no earnings or operational metrics disclosed to alter the investment thesis.

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	564047.68	370457880	09/15/2025	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	10/31/2024	Restricted Stock Vesting	Issuer			5821	10/31/2024	Compensation
Common	12/31/2024	Restricted Stock Vesting	Issuer			28911	12/31/2024	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	07/15/2025	34732	661644.60
The S&N Khan Family Trust 12/26/2020 1010 South Federal Highway, Suite 2700, Hallandale Beach, FL 33009	Common	08/18/2025	34732	546334.36

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 shares does the MARA Form 144 propose to sell?

The filing proposes to sell 34,732 shares of common stock through Fidelity Brokerage Services on NASDAQ.

What is the aggregate market value of the proposed sale in the MARA Form 144?

The aggregate market value reported is $564,047.68.

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

The shares were acquired via restricted stock vesting on 10/31/2024 (5,821 shares) and 12/31/2024 (28,911 shares) as compensation.

How many shares outstanding does MARA report in this filing?

The filing reports 370,457,880 shares outstanding.

Did the filing disclose any recent related sales?

Yes; it lists two sales by The S&N Khan Family Trust: 07/15/2025 (34,732 shares, $661,644.60) and 08/18/2025 (34,732 shares, $546,334.36).

Does the filer attest to possession of undisclosed material information?

Yes; the filer represents by signing that they do not know any material adverse information about the issuer that has not been publicly disclosed.