Was the MARA CFO’s 65,456-share disposition an open-market sale?

No, the 65,456-share disposition was not an open-market sale. The filing states the shares were withheld to cover the CFO’s tax liability related to vesting restricted stock units, meaning the shares were retained by the issuer rather than sold into the market.

65,456 MARA (NASDAQ: MARA) shares withheld to cover CFO RSU taxes

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

MARA Holdings, Inc. Chief Financial Officer Salman Hassan Khan reported a routine equity event. On April 30, 2026, 65,456 shares of common stock were withheld at $11.99 per share to cover his tax liability from vesting restricted stock units, not an open-market sale.

After this tax-withholding disposition, he directly owned 1,731,655 shares of common stock. In addition, 441,066 shares were held indirectly through the S & N Khan Family Trust, where he and his spouse serve as trustees for immediate family beneficiaries.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Khan Salman Hassan

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	65,456	$11.99	$785K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,731,655 shares (Direct, null); Common Stock — 441,066 shares (Indirect, By S & N Khan Family Trust)

Footnotes (1)

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. The reporting person and his spouse are trustees of the S & N Khan Family Trust, and members of the reporting person's immediate family are the sole beneficiaries of the trust.

Key Figures

Tax-withheld shares: 65,456 shares Withholding share value: $11.99 per share Direct holdings after transaction: 1,731,655 shares +2 more

5 metrics

Tax-withheld shares 65,456 shares Withheld to cover RSU tax liability on April 30, 2026

Withholding share value $11.99 per share Value used for 65,456 shares withheld for taxes

Direct holdings after transaction 1,731,655 shares Common stock directly owned by CFO after tax withholding

Indirect trust holdings 441,066 shares Common stock held via S & N Khan Family Trust

Tax-withholding events 1 transaction Form 4 shows one F-code tax-withholding disposition

Key Terms

restricted stock units, tax-withholding disposition, S & N Khan Family Trust, non-derivative

4 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.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

S & N Khan Family Trust financial

"trustees of the S & N Khan Family Trust, and members"

non-derivative financial

""transaction_type": "non-derivative""

Form 4 Insider Transactions: What Each Field Means →

05/04/2026 - 09:00 PM

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
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Khan Salman Hassan

(Last)

(First)

(Middle)

C/O MARA HOLDINGS, INC.

1010 SOUTH FEDERAL HIGHWAY, SUITE 2700

(Street)

HALLANDALE BEACH

FLORIDA

33009

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MARA Holdings, Inc. [ MARA ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/30/2026		F		65,456⁽¹⁾	D	$11.99	1,731,655	D
Common Stock								441,066	I⁽²⁾	By S & N Khan Family Trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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.

2. The reporting person and his spouse are trustees of the S & N Khan Family Trust, and members of the reporting person's immediate family are the sole beneficiaries of the trust.

	/s/ Zabi Nowaid, Attorney-in-Fact for Salman Khan	05/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What does MARA Holdings (MARA) CFO Salman Khan’s latest Form 4 report?

The Form 4 reports that MARA Holdings CFO Salman Hassan Khan had shares withheld to pay taxes on vesting restricted stock units. This was a non-market tax-withholding disposition, not an open-market sale, and reflects routine administration of his equity compensation package.

How many MARA Holdings shares were withheld for CFO Salman Khan’s RSU taxes?

A total of 65,456 shares of MARA Holdings common stock were withheld to cover CFO Salman Hassan Khan’s tax liability from vesting restricted stock units. The shares were valued at $11.99 each and were not sold in the open market, according to the filing footnote.

At what price were MARA Holdings shares valued for the CFO’s tax withholding?

The withheld shares for CFO Salman Hassan Khan’s tax liability were valued at $11.99 per share. This value applied to 65,456 common shares related to the vesting of restricted stock units, as disclosed in the Form 4, and does not represent an open-market sale price.

How many MARA shares does CFO Salman Khan hold after this Form 4 event?

Following the tax-withholding transaction, CFO Salman Hassan Khan directly owned 1,731,655 shares of MARA common stock. Separately, 441,066 additional shares were held indirectly through the S & N Khan Family Trust, where he and his spouse act as trustees for immediate family beneficiaries.

What is the S & N Khan Family Trust mentioned in MARA’s Form 4?

The S & N Khan Family Trust holds 441,066 MARA common shares indirectly for CFO Salman Hassan Khan’s family. He and his spouse are trustees, and members of his immediate family are the sole beneficiaries, providing a vehicle for family ownership and estate planning of those shares.