Douglas Mellinger trims MARA Holdings, Inc. (MARA) stake with 7,000-share sale
Rhea-AI Filing Summary
MARA Holdings, Inc. director Douglas K. Mellinger reported an open-market sale of 7,000 shares of common stock at $16.00 per share. The transaction occurred on June 22, 2026 and was classified as a non-derivative sale.
Following this sale, he directly holds 231,618 shares of MARA common stock. In addition, a separate holding entry shows 15,000 shares held indirectly through Sycamore Fig LLC, of which he is the sole member and may be deemed to beneficially own the shares.
The filing notes that the sale was executed under a Rule 10b5-1 trading plan adopted by Mellinger on March 6, 2025, indicating the transaction was pre-planned rather than a discretionary trade based on short-term market conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,000 shares
Net Sell
2 txns
Insider
MELLINGER DOUGLAS K
Role
Director
Sold
7,000 shs ($112K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,000 | $16.00 | $112K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 231,618 shares (Direct);
Common Stock — 15,000 shares (Indirect, By Sycamore Fig LLC)
Footnotes (2)
- F1. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 6, 2025.
- F2. The reporting person is the sole member of Sycamore Fig LLC and may be deemed to beneficially own shares of the issuer's common stock held thereby.
Key Figures
Shares sold: 7,000 shares
Sale price: $16.00 per share
Direct holdings after sale: 231,618 shares
+3 more
6 metrics
Shares sold
7,000 shares
Open-market sale of MARA common stock on June 22, 2026
Sale price
$16.00 per share
Price for 7,000-share common stock sale
Direct holdings after sale
231,618 shares
Mellinger’s direct MARA common stock position post-transaction
Indirect holdings
15,000 shares
MARA common stock held via Sycamore Fig LLC
Trading plan adoption date
March 6, 2025
Date Mellinger adopted Rule 10b5-1 trading plan
Transaction classification
Open-market sale
Form 4 transaction code S, non-derivative
Key Terms
Rule 10b5-1 trading plan, open-market sale, beneficially own, indirect ownership
4 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 on March 6, 2025."
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.
beneficially own regulatory
"may be deemed to beneficially own shares of the issuer's common stock held thereby"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
indirect ownership financial
"direct_or_indirect: I, nature_of_ownership: By Sycamore Fig LLC"
FAQ
What insider transaction did MARA director Douglas K. Mellinger report?
Douglas K. Mellinger reported selling 7,000 shares of MARA Holdings common stock. The sale was an open-market transaction at $16.00 per share, recorded as a non-derivative transaction dated June 22, 2026, and disclosed on a Form 4 insider filing.
Was the MARA insider sale by Douglas K. Mellinger under a Rule 10b5-1 plan?
Yes, the Form 4 states the sale was executed under a Rule 10b5-1 trading plan. The plan was adopted by Mellinger on March 6, 2025, indicating the June 22, 2026 sale was pre-arranged rather than a spontaneous market-timing decision.
What is Sycamore Fig LLC’s role in Douglas K. Mellinger’s MARA holdings?
Sycamore Fig LLC holds 15,000 MARA Holdings common shares reported as an indirect holding. Mellinger is the sole member of Sycamore Fig LLC and may be deemed to beneficially own the shares of MARA common stock held by the entity.
Does the Form 4 show any derivative securities for Douglas K. Mellinger in MARA?
The Form 4 derivative summary is empty, indicating no derivative transactions were reported in this filing. All disclosed positions relate to MARA Holdings common stock, with one open-market sale and one indirect ownership entry through Sycamore Fig LLC.
AI-generated analysis. How Rhea-AI works. Not financial advice.
