CEO household member sells 1,300 Marcus & Millichap (MMI) shares

Rhea-AI Filing Summary

Marcus & Millichap, Inc. reported an insider-related transaction involving shares held by the household of Chief Executive Officer Hessam Nadji. On March 13, 2026, the CEO’s adult son sold 1,300 shares of common stock in an open-market transaction at $25.60 per share. After the sale, the son continued to hold 480 shares indirectly reported under the CEO’s Form 4. A footnote explains that the CEO disclaims beneficial ownership of these shares, meaning the transaction reflects activity by his adult son rather than a direct change in the CEO’s own investment position.

Insights

Equity analyst

Routine household sale of 1,300 MMI shares, with CEO disclaiming ownership.

The transaction shows an open-market sale of 1,300 shares of Marcus & Millichap common stock at $25.60 per share on March 13, 2026. The shares are attributed to the CEO’s adult son, reported as an indirect holding.

A key footnote states that CEO Hessam Nadji disclaims beneficial ownership of these shares, so this filing does not reflect a change in his direct economic stake. Following the sale, the son’s indirectly reported position is 480 shares, indicating a relatively small residual holding.

The filing shows net-sell activity of 1,300 shares with no derivative exercises or tax-related dispositions. Given the modest size and the familial attribution, this appears to be a routine liquidity event by a household member rather than a meaningful signal about management’s view of the 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

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^*

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)
03/13/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/13/2026		S		1,300	D	$25.6	480	I	By son(1)

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. Shares owned by the reporting person's adult son, who is currently residing in the reporting person's household. The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.

	/s/ Hessam Nadji	03/16/2026
	** 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.

FAQ

What insider transaction did Marcus & Millichap (MMI) report for March 13, 2026?

Marcus & Millichap reported an open-market sale of 1,300 common shares at $25.60 each on March 13, 2026. The shares were attributed to the CEO’s adult son and reported as an indirect household holding on the Form 4.

Who actually sold the Marcus & Millichap (MMI) shares in this Form 4 filing?

The sale involved shares owned by Chief Executive Officer Hessam Nadji’s adult son, who lives in his household. A footnote explains the CEO disclaims beneficial ownership, so the transaction reflects the son’s activity, not a direct change in the CEO’s own holdings.

How many Marcus & Millichap (MMI) shares were sold and at what price?

The filing shows an open-market sale of 1,300 Marcus & Millichap common shares at $25.60 per share. This single transaction represents the entire net-sell amount reported in the Form 4’s transaction summary for that date.

How many Marcus & Millichap (MMI) shares remain after the reported sale?

After the transaction, the adult son’s indirectly reported position is 480 Marcus & Millichap common shares. This remaining amount is shown as the total shares following the transaction for that indirect household holding on the Form 4.

Does this Marcus & Millichap (MMI) Form 4 indicate a change in the CEO’s own stake?

The Form 4 emphasizes that Hessam Nadji disclaims beneficial ownership of the son’s shares, so the filing does not show a direct change in his personal stake. It primarily documents a household member’s sale reported for Section 16 compliance.

Were any options or derivatives involved in this Marcus & Millichap (MMI) insider trade?

No derivative securities were reported in this Form 4. The transaction summary lists one non-derivative common stock sale and shows zero derivative transactions, exercises, gifts, or tax-withholding entries associated with the reported activity.