Marcus & Millichap (NYSE: MMI) CEO Nadji reports modest stock gifts

Rhea-AI Filing Summary

Marcus & Millichap, Inc. Chief Executive Officer and director Hessam Nadji reported two small gifts of company common stock. On 12/10/2025, he transferred 125 shares at a reported price of $0, and on 12/12/2025 he transferred an additional 500 shares, also at $0. After these transactions, he directly beneficially owned 272,424 shares of Marcus & Millichap common stock.

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

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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^*

Nadji Hessam

(Last) (First) (Middle)

C/O MARCUS & MILLICHAP, INC.

23975 PARK SORRENTO, SUITE 400

(Street)

CALABASAS CA 91302

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Marcus & Millichap, Inc. [ MMI ]

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)
12/10/2025

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/10/2025		G		125	D	$0	272,924	D
Common Stock	12/12/2025		G		500	D	$0	272,424	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:

	/s/ Mark Cortell, as Attorney-in-Fact for Hessam Nadji	12/12/2025
	** 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.
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FAQ

What insider transaction did Marcus & Millichap (MMI) report in this Form 4?

The filing reports that CEO and director Hessam Nadji made two gift transactions of Marcus & Millichap common stock, transferring 125 shares on 12/10/2025 and 500 shares on 12/12/2025.

How many Marcus & Millichap (MMI) shares were transferred by the CEO?

Hessam Nadji transferred a total of 625 shares of Marcus & Millichap common stock, consisting of 125 shares on 12/10/2025 and 500 shares on 12/12/2025, each reported at a price of $0.

What is the CEO's remaining ownership in Marcus & Millichap (MMI) after these transactions?

Following the reported gift transactions, Hessam Nadji directly beneficially owned 272,424 shares of Marcus & Millichap common stock.

What transaction code was used for the Marcus & Millichap (MMI) insider transactions?

The transactions in the report use the code "G", indicating bona fide gifts of common stock.

Did the Marcus & Millichap (MMI) Form 4 include any derivative securities activity?

The section for derivative securities shows column headings but no reported derivative transactions for this period.

Who signed the Marcus & Millichap (MMI) Form 4 filing?

The Form 4 was signed by /s/ Mark Cortell as Attorney-in-Fact for Hessam Nadji on 12/12/2025.