Marcus & Millichap (MMI) CEO awarded 46,000 restricted stock units

Rhea-AI Filing Summary

Marcus & Millichap, Inc. reported that Chief Executive Officer and director Hessam Nadji acquired 46,000 restricted stock units on February 10, 2026. Each unit represents a contingent right to receive one share of the company’s common stock.

The 46,000 restricted stock units vest in four equal annual installments beginning on March 10, 2027, providing a multi‑year equity incentive. Following this grant, Nadji directly holds 46,000 derivative securities tied to Marcus & Millichap common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nadji Hessam

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	46,000	$0.00	--

Holdings After Transaction: Restricted Stock Units — 46,000 shares (Direct)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units vest in four equal annual installments beginning March 10, 2027.

Form 4 Insider Transactions: What Each Field Means →

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)
02/10/2026

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

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
Restricted Stock Units	(1)	02/10/2026		A		46,000		(2)	(2)	Common Stock	46,000	$0	46,000	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

2. The restricted stock units vest in four equal annual installments beginning March 10, 2027.

	/s/ Hessam Nadji	02/12/2026
	** 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 equity grant did Marcus & Millichap (MMI) CEO Hessam Nadji receive?

Hessam Nadji received a grant of 46,000 restricted stock units on February 10, 2026. Each restricted stock unit represents a contingent right to receive one share of Marcus & Millichap common stock, aligning his compensation with future company performance through equity.

How do the 46,000 restricted stock units for MMI’s CEO vest over time?

The 46,000 restricted stock units vest in four equal annual installments starting March 10, 2027. This means one-quarter of the units becomes deliverable each year, creating a long-term incentive that rewards continued service and sustained company performance over multiple years.

Did Hessam Nadji pay a purchase price for the 46,000 MMI restricted stock units?

The filing reports a price of $0 per restricted stock unit for this grant. That indicates the units were awarded as equity compensation rather than purchased in the open market, a common structure for senior executive long-term incentive awards.

What is Hessam Nadji’s reported beneficial ownership after this RSU grant at MMI?

After the reported transaction, Hessam Nadji beneficially owns 46,000 derivative securities in the form of restricted stock units. These units, once vested and settled, entitle him to receive an equivalent number of Marcus & Millichap common shares, subject to the vesting schedule.

Are the newly granted MMI restricted stock units held directly or indirectly by the CEO?

The filing shows the 46,000 restricted stock units as directly owned by Hessam Nadji. Direct ownership means they are recorded in his name, rather than through a trust, partnership, or other indirect ownership structure commonly used for some insider holdings.