MARA CFO sells 16,000 shares at $11.45 each

Rhea-AI Filing Summary

MARA Holdings, Inc. (MARA) reported that its Chief Financial Officer, Salman Hassan Khan, effected a sale of 16,000 shares of Common Stock on September 17, 2026 at $11.45 per share, through indirect ownership by the S & N Khan Family Trust, under a Rule 10b5-1 trading plan adopted on September 11, 2025. Following the sale, he reports 551,681 shares held indirectly via the family trust and 1,415,741 shares held directly.

Insider Trade Summary 10b5-1

Net Seller: 16,000 shares

Net Sell 2 txns

Insider Khan Salman Hassan

Role Chief Financial Officer

Sold 16,000 shs ($183K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	16,000	$11.45	$183K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 551,681 shares (Indirect, By S & N Khan Family Trust); Common Stock — 1,415,741 shares (Direct)

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 11, 2025.
2. F2. 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.

Key Figures

Shares sold: 16,000 shares Sale price per share: $11.45 per share Indirect holdings after transaction: 551,681 shares +2 more

5 metrics

Shares sold 16,000 shares Common Stock sold on September 17, 2026

Sale price per share $11.45 per share Price for the 16,000 shares sold on September 17, 2026

Indirect holdings after transaction 551,681 shares Common Stock held indirectly via S & N Khan Family Trust after sale

Direct holdings after transaction 1,415,741 shares Common Stock held directly by the CFO as of September 17, 2026

Rule 10b5-1 plan adoption date September 11, 2025 Trading plan under which the September 17, 2026 sale was effected

Key Terms

Rule 10b5-1 trading plan, indirect, beneficiaries, immediate family

4 terms

Rule 10b5-1 trading plan regulatory

"The sale reported ... 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.

indirect financial

"shares following transaction were reported as indirect, by S & N Khan Family Trust"

beneficiaries financial

"members of the reporting person's immediate family are the sole beneficiaries"

Beneficiaries are the people or organizations designated to receive benefits, such as money or assets, from a financial arrangement like a trust, insurance policy, or retirement plan. They matter to investors because choosing the right beneficiaries ensures that assets are passed on according to their wishes, providing financial security or support to loved ones when needed. Think of beneficiaries as the intended recipients of a gift or inheritance.

immediate family financial

"members of the reporting person's immediate family are the sole beneficiaries"

FAQ

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

What insider transaction did MARA’s CFO report in this Form 4 for MARA?

The Chief Financial Officer, Salman Hassan Khan, reported selling 16,000 shares of MARA common stock on September 17, 2026 at $11.45 per share, through indirect ownership by the S & N Khan Family Trust.

Was the MARA CFO’s sale of 16,000 shares under a Rule 10b5-1 plan?

Yes. The filing states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 11, 2025.

How many MARA shares does the CFO hold indirectly after this reported sale?

After the sale, Salman Hassan Khan reports 551,681 shares of MARA common stock held indirectly, through the S & N Khan Family Trust.

How many MARA shares does the CFO hold directly after the reported transaction?

The Form 4 reports a separate direct holding line showing 1,415,741 shares of MARA common stock held directly by Salman Hassan Khan as of September 17, 2026.

Who benefits from the S & N Khan Family Trust that holds MARA shares?

The filing notes that the reporting person and his spouse are trustees of the S & N Khan Family Trust, and that members of the reporting person’s immediate family are the sole beneficiaries of the trust.

Is the reported 16,000-share sale by the MARA CFO an open-market transaction?

The Form 4 describes the transaction as a sale in open market or private transaction, with 16,000 shares sold at $11.45 per share on September 17, 2026.

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

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

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)
09/17/2026

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	09/17/2026		S(1)		16,000	D	$11.45	551,681	I(2)	By S & N Khan Family Trust
Common Stock								1,415,741	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	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)