MARA Holdings counsel sells 8,376 shares at $12.10

MARA Holdings’ General Counsel sold a small portion of his MARA shares under a pre-arranged Rule 10b5-1 trading plan and continues to hold a substantial direct position.

Available on EDGAR 09/18/2026 - 07:00 PM EDT Accepted by SEC EDGAR 09/18/2026 - 07:00 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

MARA Holdings, Inc. (MARA) reported that its General Counsel, Nowaid Zabi, sold 8,376 shares of common stock on September 18, 2026 in an open-market transaction at a weighted average price of $12.10 per share, with actual prices ranging from $12.09 to $12.15. The transaction was effected under a Rule 10b5-1 trading plan adopted on September 12, 2025, and Zabi now holds 890,404 shares of MARA common stock directly.

Insider Trade Summary 10b5-1

Net Seller: 8,376 shares

Net Sell 1 txn

Insider Nowaid Zabi

Role General Counsel

Sold 8,376 shs ($101K)

Share of Position Sold 0.93%

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	8,376	$12.10	$101K

Holdings After Transaction: Common Stock — 890,404 shares (Direct)

Holdings Before and After: Common Stock, 898,780 to 890,404 shares (Direct)

Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (2)

1. F1. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2025.
2. F2. Reflects weighted average sale price for the open-market sales transaction reported herein. Actual sale prices ranged from $12.09 to $12.15. The reporting person provided the issuer, and will provide any security holder of MARA Holdings, Inc. or member of the SEC staff, full information regarding the number of shares sold at each separate price upon request.

Key Figures

Shares sold: 8,376 shares Weighted average sale price: $12.10 per share Sale price range: $12.09–$12.15 per share +2 more

5 metrics

Shares sold 8,376 shares Open-market sale by General Counsel on September 18, 2026

Weighted average sale price $12.10 per share For the 8,376 MARA common shares sold on September 18, 2026

Sale price range $12.09–$12.15 per share Actual prices received in the open-market sale

Shares held after transaction 890,404 shares Direct MARA common stock ownership by General Counsel following the sale

Rule 10b5-1 plan adoption date September 12, 2025 Date the trading plan governing this sale was adopted

Key Terms

Rule 10b5-1 trading plan, weighted average sale price, open-market sales transaction

3 terms

Rule 10b5-1 trading plan regulatory

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

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.

weighted average sale price financial

"Reflects weighted average sale price for the open-market sales transaction"

open-market sales transaction financial

"Reflects weighted average sale price for the open-market sales transaction"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did MARA (MARA) disclose for General Counsel Nowaid Zabi?

MARA disclosed that General Counsel Nowaid Zabi sold 8,376 shares of common stock on September 18, 2026 in an open-market transaction at a weighted average price of $12.10 per share.

How many MARA shares does the General Counsel hold after this Form 4 transaction?

After the reported sale, General Counsel Nowaid Zabi directly holds 890,404 shares of MARA Holdings, Inc. common stock, as stated in the Form 4 filing.

Was the MARA (MARA) insider sale made under a Rule 10b5-1 trading plan?

Yes. The filing states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2025, indicating the trades were pre-arranged.

What price range did the MARA General Counsel receive for the sold shares?

The filing reports a weighted average sale price of $12.10 per share, with actual sale prices ranging from $12.09 to $12.15 for the 8,376 shares of MARA common stock sold.

How large was the MARA (MARA) insider sale by the General Counsel?

The General Counsel sold 8,376 shares of MARA common stock. The Form 4 does not provide total ownership before the sale, but it reports 890,404 shares held directly afterward, suggesting the transaction was a relatively small portion of his reported holdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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).

X

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^*

Nowaid Zabi

(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)
	General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/18/2026		S(1)		8,376	D	$12.1(2)	890,404	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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 12, 2025.

2. Reflects weighted average sale price for the open-market sales transaction reported herein. Actual sale prices ranged from $12.09 to $12.15. The reporting person provided the issuer, and will provide any security holder of MARA Holdings, Inc. or member of the SEC staff, full information regarding the number of shares sold at each separate price upon request.

	/s/ Zabi Nowaid	09/18/2026
	** 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)