General counsel at MARA (MARA) sells 42,090 shares in open-market trade

Rhea-AI Filing Summary

MARA Holdings, Inc. General Counsel Nowaid Zabi reported an open-market sale of Common Stock. On April 17, 2026, he sold 42,090 shares at $12.00 per share under a pre-arranged Rule 10b5-1 trading plan. After this transaction, he directly holds 1,007,047 shares of MARA Holdings Common Stock.

Insider Trade Summary 10b5-1

Net Seller: 42,090 shares ($505,080)

Net Sell 1 txn

Insider Nowaid Zabi

Role General Counsel

Sold 42,090 shs ($505K)

Type	Security	Shares	Price	Value
Sale	Common Stock	42,090	$12.00	$505K

Holdings After Transaction: Common Stock — 1,007,047 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 42,090 shares Sale price: $12.00 per share Shares held after: 1,007,047 shares +2 more

5 metrics

Shares sold 42,090 shares Open-market sale on April 17, 2026

Sale price $12.00 per share Price for the 42,090 shares sold

Shares held after 1,007,047 shares Direct holdings following the transaction

Net buy/sell shares -42,090 shares Net-sell direction in transaction summary

Sell transactions count 1 sale Single non-derivative open-market transaction

Key Terms

Common Stock, open-market sale, Form 4, Rule 10b5-1 trading plan

4 terms

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

open-market sale financial

"transaction_action: "open-market sale""

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.

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.

Rule 10b5-1 trading plan regulatory

"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.

Form 4 Insider Transactions: What Each Field Means →

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)
04/17/2026

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	04/17/2026		S(1)		42,090	D	$12	1,007,047	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.

	/s/ Zabi Nowaid	04/21/2026
	** 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's Nowaid Zabi report on this Form 4?

Nowaid Zabi, General Counsel of MARA Holdings, reported selling 42,090 shares of Common Stock at $12.00 per share. The transaction was an open-market sale and is disclosed as a routine insider trade in compliance with SEC reporting rules.

How many MARA Holdings (MARA) shares did the general counsel sell and at what price?

The general counsel sold 42,090 shares of MARA Holdings Common Stock at $12.00 per share. This open-market sale represents a single reported transaction on the Form 4, detailing the exact share count and execution price for transparency.

How many MARA (MARA) shares does Nowaid Zabi hold after the reported sale?

After the sale, Nowaid Zabi directly holds 1,007,047 shares of MARA Holdings Common Stock. This post-transaction balance is reported in the Form 4 and shows that he retains a substantial equity position in the company following the single open-market sale.

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

Yes. The filing notes the sale was effected under a Rule 10b5-1 trading plan adopted on September 12, 2025. Such pre-arranged plans allow insiders to systematically sell shares, helping separate planned diversification from discretionary market-timing decisions.

What does the transaction summary show about MARA insider trading activity here?

The transaction summary shows one sale totaling 42,090 shares and no purchases, exercises, gifts, or tax withholdings. Net activity is a net-sell of 42,090 shares, indicating this Form 4 reflects a single open-market disposition by the insider.