Marcus & Millichap CEO settles 30K RSUs
Marcus & Millichap’s CEO settled RSUs into common shares, with shares withheld for taxes and a small stock gift reported.
Rhea-AI Filing Summary
Marcus & Millichap, Inc. (MMI) reported that Chief Executive Officer and director Hessam Nadji settled 30,000 Restricted Stock Units into 30,000 shares of common stock on September 10, 2026, and 15,264 of those shares were withheld to cover associated tax liability based on the closing price that day.
On September 14, 2026, Nadji made a bona fide gift of 700 common shares. After the RSU settlement, 60,000 Restricted Stock Units remain outstanding, and 480 common shares are reported as indirectly owned by his adult son, with beneficial ownership disclaimed. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
30,000 shares exercised/converted
Exercise
5 txns
Insider
Nadji Hessam
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 700 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F4 | 30,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 30,000 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 15,264 | $0.00 | $0.00 |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 60,000 contracts (Direct);
Common Stock — 314,018 shares (Direct);
Common Stock — 480 shares (Indirect, By:Son)
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F2. Shares withheld by the Issuer in payment of the withholding tax liability incurred upon the above-reported settlements of RSUs. The amount of shares withheld is based on the closing sale price on September 10, 2026.
- F3. Shares owned by the reporting person's adult son, who is currently resididng in the reporting person's household. The reporting person disclaims benefial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the benefical owner of such shares for purposes of Section 16 or for any other purpose.
- F4. The restricted stock units vest in five equal annual installments beginning March 10, 2023.
Key Figures
RSUs settled into common stock: 30,000 shares
Shares withheld for tax liability: 15,264 shares
Bona fide gift of common stock: 700 shares
+2 more
5 metrics
RSUs settled into common stock
30,000 shares
Restricted Stock Units converted to common stock on September 10, 2026
Shares withheld for tax liability
15,264 shares
Common shares withheld to pay RSU-related tax on September 10, 2026
Bona fide gift of common stock
700 shares
Gift transaction reported on September 14, 2026
Remaining Restricted Stock Units
60,000 units
RSUs reported as held after the September 10, 2026 settlement
Indirectly held common stock
480 shares
Shares owned by CEO’s adult son, with beneficial ownership disclaimed
Key Terms
Restricted Stock Units, bona fide gift, withholding tax liability, beneficial ownership
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
bona fide gift financial
"transaction code description shows this as a Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
withholding tax liability financial
"payment of the withholding tax liability incurred upon the settlements of RSUs"
beneficial ownership financial
"The reporting person disclaims benefial ownership of 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transactions did MMI’s CEO Hessam Nadji report on this Form 4?
He reported settling 30,000 Restricted Stock Units into common stock on September 10, 2026, with 15,264 shares withheld for tax liability, and a bona fide gift of 700 common shares on September 14, 2026.
How many Restricted Stock Units does MMI’s CEO still hold after these transactions?
After the September 10, 2026 settlement, Hessam Nadji is reported as holding 60,000 Restricted Stock Units, which continue to represent rights to receive MMI common shares under their vesting schedule.
Were MMI CEO’s reported transactions made under a Rule 10b5-1 plan?
The document-level Rule 10b5-1 checkbox is not marked as affirming a plan, and the footnotes do not describe any such trading plan for these transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
