MARA Holdings (NASDAQ: MARA) CFO’s family trust sells 16,000 common shares

Rhea-AI Filing Summary

MARA Holdings, Inc. Chief Financial Officer Salman Hassan Khan reported an open-market sale of 16,000 shares of common stock at $9.18 per share. The sale was executed by the S & N Khan Family Trust under a pre-arranged Rule 10b5-1 trading plan adopted on September 11, 2025. Following this transaction, Khan’s indirect holdings through the trust were 343,165 shares, and his direct holdings were 1,951,284 shares of common stock.

Insights

Equity governance analyst

CFO’s trust sells a small share block under a 10b5-1 plan.

The CFO of MARA Holdings, Inc., Salman Hassan Khan, reported an open-market sale of 16,000 common shares at $9.18 per share. The transaction was executed by the S & N Khan Family Trust, where he and his spouse serve as trustees.

The filing notes the sale occurred pursuant to a Rule 10b5-1 trading plan adopted on September 11, 2025, indicating it was pre-scheduled rather than opportunistic. After the sale, the trust held 343,165 shares, and Khan also held 1,951,284 shares directly, so this represents a relatively small portion of his overall position.

No derivative securities are listed as remaining positions in this filing. The net effect is a modest reduction in indirect ownership and does not, by itself, suggest a major shift in insider alignment, especially given the pre-arranged trading plan context.

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^*

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)
03/17/2026

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	03/17/2026		S(1)		16,000	D	$9.18	343,165	I(2)	By S & N Khan Family Trust
Common Stock								1,951,284	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 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	03/19/2026
	** 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)

FAQ

What insider transaction did MARA CFO Salman Hassan Khan report on this Form 4 for MARA?

The MARA Holdings, Inc. CFO reported an open-market sale of 16,000 common shares. The shares were sold at $9.18 each, executed by the S & N Khan Family Trust. This filing shows a routine, disclosed reduction in his indirect ownership position.

At what price did the MARA CFO’s trust sell shares according to this Form 4?

The S & N Khan Family Trust sold 16,000 shares of MARA common stock at $9.18 per share. This price reflects the execution level for the open-market transaction reported, giving investors a concrete reference for the insider’s recent sale activity.

How many MARA shares does CFO Salman Hassan Khan hold after the reported sale?

After the sale, Salman Hassan Khan held 343,165 shares indirectly through the S & N Khan Family Trust and 1,951,284 shares directly. These figures show he retains a substantial equity stake in MARA Holdings, Inc. despite the relatively small sale disclosed.

Was the MARA CFO’s sale under a Rule 10b5-1 trading plan?

Yes. The filing states the sale was effected under a Rule 10b5-1 trading plan adopted on September 11, 2025. Such plans pre-schedule trades, indicating this sale was part of a planned program rather than a spontaneous market-timing decision.

Who executed the MARA share sale reported for CFO Salman Hassan Khan?

The reported 16,000-share sale was executed by the S & N Khan Family Trust. The filing explains that Salman Hassan Khan and his spouse are trustees, and members of his immediate family are the sole beneficiaries, linking the transaction to his indirect holdings in MARA.

Does this MARA Form 4 show any option exercises or derivative transactions by the CFO?

No derivative exercises or option-related transactions appear in this Form 4. The filing only reports a common-stock sale by the S & N Khan Family Trust and lists no remaining derivative positions, focusing solely on changes in direct and indirect common-share ownership.