What is the net share impact of Salman Khan’s recent MARA Form 4 activity?

The transaction summary shows a net sale of 16,000 MARA shares, with no reported purchases or option exercises. It records one open-market sale and one holding entry, resulting in a net-sell direction based on the activity reported for May 18, 2026.

MARA (MARA) CFO Salman Khan sells 16,000 shares under Rule 10b5-1 plan

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

MARA Holdings, Inc. reported that Chief Financial Officer Salman Hassan Khan was involved in an open-market sale of common stock through the S & N Khan Family Trust. The trust sold 16,000 shares of common stock at $12.00 per share on May 18, 2026, in a transaction coded as an open-market sale.

The filing notes that this sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on September 11, 2025. After these transactions, Khan directly holds 1,731,655 shares of common stock and indirectly holds 425,066 shares through the family trust, indicating that he continues to maintain a substantial ownership position.

Insider Trade Summary 10b5-1

Net Seller: 16,000 shares ($192,000)

Net Sell 2 txns

Insider Khan Salman Hassan

Role Chief Financial Officer

Sold 16,000 shs ($192K)

Type	Security	Shares	Price	Value
Sale	Common Stock	16,000	$12.00	$192K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 425,066 shares (Indirect, By S & N Khan Family Trust); Common Stock — 1,731,655 shares (Direct, null)

Footnotes (1)

The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 11, 2025. 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

Shares sold: 16,000 shares Sale price: $12.00 per share Direct holdings after transaction: 1,731,655 shares +3 more

6 metrics

Shares sold 16,000 shares Open-market sale of common stock on May 18, 2026

Sale price $12.00 per share Price for 16,000 common shares sold

Direct holdings after transaction 1,731,655 shares Direct common stock ownership after reported activity

Indirect holdings after transaction 425,066 shares Indirect holdings via S & N Khan Family Trust

Net shares sold 16,000 shares Net-sell direction from transaction summary

10b5-1 plan adoption date September 11, 2025 Date Salman Khan adopted the Rule 10b5-1 trading plan

Key Terms

Rule 10b5-1 trading plan, open-market sale, S & N Khan Family Trust, indirect ownership, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action: open-market sale, transaction_code_description: Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

S & N Khan Family Trust financial

"nature_of_ownership: By S & N Khan Family Trust"

indirect ownership financial

"ownership_type: indirect, direct_or_indirect: I"

Form 4 regulatory

"The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 07:00 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)
05/18/2026

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	05/18/2026		S⁽¹⁾		16,000	D	$12	425,066	I⁽²⁾	By S & N Khan Family Trust
Common Stock								1,731,655	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)
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. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 11, 2025.

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	05/20/2026
	** 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 insider transaction did MARA CFO Salman Khan report on this Form 4?

MARA’s CFO Salman Hassan Khan reported an open-market sale of 16,000 shares of common stock through the S & N Khan Family Trust at $12.00 per share. The transaction occurred on May 18, 2026, and was classified as a non-derivative sale.

Was the MARA insider sale by Salman Khan part of a Rule 10b5-1 plan?

Yes. The Form 4 states the 16,000-share sale at $12.00 was executed under a Rule 10b5-1 trading plan adopted by Salman Khan on September 11, 2025. Such plans pre-schedule trades to help separate trading decisions from day-to-day market conditions.

How many MARA shares did Salman Khan hold after the reported transactions?

Following the reported transactions, Salman Khan directly held 1,731,655 shares of MARA common stock and indirectly held 425,066 shares through the S & N Khan Family Trust. These figures show the position reported as of the May 18, 2026 transaction date.

How were the sold MARA shares held for Salman Khan’s Form 4 transaction?

The 16,000 MARA shares sold at $12.00 were held indirectly through the S & N Khan Family Trust. The filing notes that Salman Khan and his spouse serve as trustees, and members of his immediate family are the trust’s sole beneficiaries.