MARA Holdings (MARA) counsel has shares withheld to cover tax liability
Rhea-AI Filing Summary
MARA Holdings, Inc. General Counsel Nowaid Zabi reported a Form 4 transaction in which 13,428 shares of common stock were disposed of at $11.82 per share to cover tax liabilities arising from the vesting of restricted stock units. A footnote states this was accomplished via share withholding and was not an open market sale by Zabi. After this tax-withholding disposition, Zabi directly holds 921,040 shares of MARA Holdings common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 13,428 shares
Net Sell
1 txn
Insider
Nowaid Zabi
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 13,428 | $11.82 | $159K |
Holdings After Transaction:
Common Stock — 921,040 shares (Direct)
Footnotes (1)
- F1. Reflects shares of the issuer's common stock withheld to cover the reporting person's tax liability in connection with the vesting of restricted stock units. This transaction was not an open market sale by the reporting person.
Key Figures
Shares withheld for taxes: 13,428 shares
Per-share value for withholding: $11.82 per share
Shares held after transaction: 921,040 shares
3 metrics
Shares withheld for taxes
13,428 shares
Common stock withheld to cover tax liability on RSU vesting
Per-share value for withholding
$11.82 per share
Value applied to shares withheld in the tax-withholding disposition
Shares held after transaction
921,040 shares
Direct holdings of MARA Holdings common stock by Nowaid Zabi after the disposition
Key Terms
restricted stock units, withheld to cover the reporting person's tax liability, open market sale
3 terms
restricted stock units financial
"tax liability in connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withheld to cover the reporting person's tax liability financial
"Reflects shares of common stock withheld to cover the reporting person's tax liability"
open market sale financial
"This transaction was not an open market sale by the reporting person"
An open market sale is when a company or a shareholder sells shares through the regular stock market to any willing buyer, using ordinary exchange trading rather than private deals. It matters to investors because it increases the number of shares available and can push the price down or change ownership balance—think of it like someone putting extra items on a supermarket shelf for any shopper to buy, which can lower the item's price if supply suddenly grows.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did MARA (MARA) report for General Counsel Nowaid Zabi?
MARA Holdings reported that General Counsel Nowaid Zabi had 13,428 shares of common stock withheld at $11.82 per share to satisfy taxes on vested restricted stock units. This was a tax-withholding disposition, not a discretionary open market sale.
Was the MARA (MARA) insider transaction by Nowaid Zabi an open market stock sale?
No. A footnote clarifies the transaction was not an open market sale. Instead, MARA Holdings withheld 13,428 shares of common stock to cover Zabi’s tax liability tied to the vesting of restricted stock units.
What is the nature of the Form 4 code "F" in MARA (MARA) General Counsel’s transaction?
Transaction code F on the Form 4 indicates payment of a tax liability using securities. In this case, 13,428 shares of MARA Holdings common stock were withheld from Nowaid Zabi as part of the tax settlement on restricted stock unit vesting.