What are the terms of the 2,698-share grant to the Marcus & Millichap (MMI) director?

The filing states that the 2,698-share Common Stock grant to director George T. Shaheen will vest on the first anniversary of the grant date. This means the shares become fully owned after one year, assuming the vesting conditions are met.

Director Shaheen receives 2,698 Marcus & Millichap (MMI) shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

SHAHEEN GEORGE T reported acquisition or exercise transactions in this Form 4 filing.

Marcus & Millichap, Inc. director George T. Shaheen reported an equity grant of 2,698 shares of Common Stock at $27.79 per share. These shares are described as a grant or award that will vest on the first anniversary of the grant date.

After this award, Shaheen holds 27,439 Common Stock shares directly. In addition, the Shaheen Revocable Trust holds 1,800 shares, over which he may be deemed to have beneficial ownership as trustee, giving him both direct and indirect exposure to the company’s stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider SHAHEEN GEORGE T

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,698	$27.79	$75K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 27,439 shares (Direct, null); Common Stock — 1,800 shares (Indirect, By Trust)

Footnotes (1)

The shares shall vest on the first anniversary of the date of grant. The Shaheen Revocable Trust holds 1,800 shares and Mr. Shaheen, as trustee, may be deemed to have beneficial ownership over these shares.

Key Figures

Equity grant size: 2,698 shares Grant price: $27.79 per share Direct holdings after grant: 27,439 shares +1 more

4 metrics

Equity grant size 2,698 shares Common Stock grant to director Shaheen, code A

Grant price $27.79 per share Price per share for 2,698-share award

Direct holdings after grant 27,439 shares Common Stock held directly by Shaheen following transaction

Trust holdings 1,800 shares Common Stock held by the Shaheen Revocable Trust

Key Terms

Grant, award, or other acquisition, Revocable Trust, vest, beneficial ownership

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Revocable Trust financial

"The Shaheen Revocable Trust holds 1,800 shares"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

vest financial

"The shares shall vest on the first anniversary of the date of grant."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

beneficial ownership financial

"may be deemed to have beneficial ownership over these shares."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Form 4 Insider Transactions: What Each Field Means →

05/04/2026 - 07:24 PM

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^*

SHAHEEN GEORGE T

(Last)

(First)

(Middle)

C/O MARCUS & MILLICHAP, INC.

23975 PARK SORRENTO, SUITE 400

(Street)

CALABASAS

CALIFORNIA

91302

(City)

(State)

(Zip)

UNITED STATES

(Country)

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
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

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)
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	04/30/2026		A		2,698⁽¹⁾	A	$27.79	27,439	D
Common Stock								1,800	I	By Trust⁽²⁾

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 shares shall vest on the first anniversary of the date of grant.

2. The Shaheen Revocable Trust holds 1,800 shares and Mr. Shaheen, as trustee, may be deemed to have beneficial ownership over these shares.

	/s/ George T. Shaheen	05/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Marcus & Millichap (MMI) report for George T. Shaheen?

Marcus & Millichap director George T. Shaheen reported receiving 2,698 shares of Common Stock as a grant or award at $27.79 per share. This is a compensation-related equity grant rather than an open-market stock purchase or sale.

How many Marcus & Millichap (MMI) shares does George T. Shaheen hold after this filing?

Following the reported grant, George T. Shaheen holds 27,439 Marcus & Millichap Common Stock shares directly. Separately, the Shaheen Revocable Trust holds 1,800 shares, over which he may be deemed to have beneficial ownership as trustee.

Is the Marcus & Millichap (MMI) Form 4 transaction a market buy or sell?

The Form 4 describes the 2,698 shares as a grant, award, or other acquisition, coded as "A". This indicates a compensation-related stock award to director George T. Shaheen, not an open-market purchase or sale of Marcus & Millichap shares.

How are the Marcus & Millichap (MMI) shares held through the Shaheen Revocable Trust treated?

The filing notes that the Shaheen Revocable Trust holds 1,800 Marcus & Millichap shares. As trustee, George T. Shaheen may be deemed to have beneficial ownership of these shares, which are reported as indirect holdings attributed to the trust.