Marcus & Millichap (MMI) SVP settles 9,697 RSUs, covers taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marcus & Millichap, Inc. SVP & Chief Client Officer Gregory A. LaBerge reported the settlement of multiple restricted stock unit (RSU) awards on March 10, 2026. He exercised derivative RSU positions to receive a total of 9,697 shares of common stock, reflecting routine equity compensation vesting.
To cover related withholding taxes, 3,466 shares were disposed of at a price of $26.43 per share, with no open-market sales. Following these transactions, LaBerge holds 6,231 shares of common stock directly and 9,073 shares indirectly through a trust, indicating he retained a meaningful equity stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,697 shares exercised/converted
Mixed
16 txns
Insider
LaBerge Gregory A.
Role
SVP & Chief Client Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,020 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,352 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,318 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,238 | $0.00 | -- |
| Exercise | Restricted Stock Units | 769 | $0.00 | -- |
| Exercise | Common Stock | 1,238 | $0.00 | -- |
| Tax Withholding | Common Stock | 442 | $26.43 | $12K |
| Exercise | Common Stock | 769 | $0.00 | -- |
| Tax Withholding | Common Stock | 275 | $26.43 | $7K |
| Exercise | Common Stock | 1,020 | $0.00 | -- |
| Tax Withholding | Common Stock | 365 | $26.43 | $10K |
| Exercise | Common Stock | 5,352 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,912 | $26.43 | $51K |
| Exercise | Common Stock | 1,318 | $0.00 | -- |
| Tax Withholding | Common Stock | 472 | $26.43 | $12K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 1,238 shares (Direct);
Common Stock — 9,073 shares (Indirect, By Trust)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. 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 March 10, 2026. Shares held by the Gregory & Meredith LaBerge TTEE Gregory A. LaBerge Trust. The restricted stock units vest in five equal annual installments beginning March 10, 2022. The restricted stock units vest in five equal annual installments beginning March 10, 2023. The restricted stock units vest in five equal annual installments beginning March 10, 2024. The restricted stock units vest in five equal annual installments beginning March 10, 2025. The restricted stock units vest in four equal annual installments beginning March 10, 2026.
FAQ
What insider transaction did MMI executive Gregory LaBerge report on this Form 4?
Gregory LaBerge reported settling multiple restricted stock unit awards into common shares. On March 10, 2026, he exercised RSUs to receive 9,697 Marcus & Millichap common shares as part of his equity compensation, rather than buying shares on the open market.
Were any of Gregory LaBerge’s MMI transactions open-market sales or purchases?
No, the Form 4 shows RSU exercises and tax-withholding dispositions only. All dispositions used transaction code F, meaning shares were withheld at $26.43 per share to cover tax obligations from RSU vesting, not sold in discretionary open-market trades.
What does the Form 4 reveal about LaBerge’s remaining derivative positions in MMI?
The filing’s derivative summary shows no remaining derivative positions after these exercises. RSUs reported as derivative securities were converted into common stock, indicating the covered awards have fully settled based on the information included in this report.
How are LaBerge’s indirect Marcus & Millichap holdings structured according to the filing?
The filing attributes 9,073 indirectly held MMI shares to a trust. Footnotes state these shares are held by the Gregory & Meredith LaBerge TTEE Gregory A. LaBerge Trust, clarifying that part of his reported ownership is through this trust arrangement.