Marcus & Millichap (MMI) CEO Hessam Nadji gifts 2,450 shares

Rhea-AI Filing Summary

Marcus & Millichap, Inc. Chief Executive Officer and director Hessam Nadji reported an insider transaction involving the company’s common stock. On 12/05/2025, he disposed of 2,450 shares of Marcus & Millichap common stock in a transaction coded “G,” which indicates a gift. The reported transaction price is $0 per share, consistent with a non-sale transfer such as a gift.

Following this transaction, Hessam Nadji directly beneficially owns 273,049 shares of Marcus & Millichap common stock. The filing is made on Form 4 and reflects a change in his personal holdings rather than a company-level financing or operating event.

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

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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)
12/05/2025

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	12/05/2025		G		2,450	D	$0	273,049	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	12/09/2025
	** 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.
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.

FAQ

What insider transaction at Marcus & Millichap (MMI) is disclosed here?

The filing reports that Hessam Nadji, Chief Executive Officer and director of Marcus & Millichap, Inc., completed an insider transaction involving the company’s common stock on 12/05/2025.

How many Marcus & Millichap (MMI) shares did the CEO transfer?

Hessam Nadji reported disposing of 2,450 shares of Marcus & Millichap common stock in a transaction coded “G,” which indicates a gift.

At what price were the Marcus & Millichap (MMI) shares transferred?

The reported transaction price for the 2,450 Marcus & Millichap common shares is $0 per share, consistent with a gift transaction rather than an open-market sale.

How many Marcus & Millichap (MMI) shares does the CEO own after the transaction?

After the reported gift, Hessam Nadji directly beneficially owns 273,049 shares of Marcus & Millichap common stock.

Does this Marcus & Millichap (MMI) filing involve derivative securities?

No derivative securities are listed in the excerpted Table II; the disclosed change relates to non-derivative common stock only.

What form was used to report this Marcus & Millichap (MMI) insider transaction?

The transaction was reported on Form 4, which is used by company insiders to disclose changes in beneficial ownership of equity securities.