MARA Holdings (MARA) CEO Thiel logs planned sale of 27,505 shares

Q: At what price were the MARA Holdings shares sold in this Form 4?

The reported sale of MARA Holdings common stock was executed at a price of $10.80 per share .

Q: How many MARA Holdings shares does Frederick G. Thiel own after this transaction?

Following the reported sale, Frederick G. Thiel beneficially owned 3,517,566 shares of MARA Holdings common stock in direct ownership.

Q: What role does Frederick G. Thiel hold at MARA Holdings, Inc.?

Frederick G. Thiel is a director and serves as the Chief Executive Officer of MARA Holdings, Inc.

Q: Is this MARA Form 4 filed by one or multiple reporting persons?

This Form 4 is indicated as being filed by one reporting person , Frederick G. Thiel.

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

MARA Holdings, Inc. Chief Executive Officer and director Frederick G. Thiel reported a planned sale of company stock. On 01/20/2026, he sold 27,505 shares of common stock at a price of $10.80 per share in an open market transaction coded as a sale.

The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan that he adopted on May 28, 2025, which is designed to allow insiders to sell shares according to a set schedule. After this trade, Thiel beneficially owned 3,517,566 shares of MARA Holdings common stock in direct ownership.

Insider Trade Summary

Net Seller: 27,505 shares

Net Sell 1 txn

Insider Thiel Frederick G

Role Chief Executive Officer

Sold 27,505 shs ($297K)

Type	Security	Shares	Price	Value
Sale	Common Stock	27,505	$10.80	$297K

Holdings After Transaction: Common Stock — 3,517,566 shares (Direct)

Footnotes (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 May 28, 2025.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/22/2026 - 07:00 PM

FAQ

What insider transaction did MARA CEO Frederick G. Thiel report?

Frederick G. Thiel, Chief Executive Officer and director of MARA Holdings, Inc., reported selling 27,505 shares of common stock on 01/20/2026.

At what price were the MARA Holdings shares sold in this Form 4?

The reported sale of MARA Holdings common stock was executed at a price of $10.80 per share.

How many MARA Holdings shares does Frederick G. Thiel own after this transaction?

Following the reported sale, Frederick G. Thiel beneficially owned 3,517,566 shares of MARA Holdings common stock in direct ownership.

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

Yes. The filing states that the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 28, 2025.

What role does Frederick G. Thiel hold at MARA Holdings, Inc.?

Frederick G. Thiel is a director and serves as the Chief Executive Officer of MARA Holdings, Inc.

Is this MARA Form 4 filed by one or multiple reporting persons?

This Form 4 is indicated as being filed by one reporting person, Frederick G. Thiel.

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^*

Thiel Frederick G

(Last)

(First)

(Middle)

C/O MARA HOLDINGS, INC.

1010 SOUTH FEDERAL HIGHWAY, SUITE 2700

(Street)

HALLANDALE BEACH

33009

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MARA Holdings, Inc. [ MARA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	01/20/2026		S⁽¹⁾		27,505	D	$10.8	3,517,566	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 May 28, 2025.

	/s/ Zabi Nowaid, Attorney-in-Fact for Fred Thiel	01/22/2026
	** 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.

Source: View Original Filing on SEC EDGAR