[Form 4] MARCUS & MILLICHAP Insider Trading Activity

Rhea-AI Filing Summary

Marcus & Millichap insider filing: Nadji Hessam, identified as Chief Executive Officer and a Director, reported a transaction dated 09/08/2025 on a Form 4 for Marcus & Millichap, Inc. (MMI). The filing records a disposition of 500 shares of Common Stock with a reported price of $0. After the transaction Mr. Hessam is shown as beneficially owning 260,703 shares.

Insights

Corporate Governance Expert

TL;DR: Routine insider disclosure of a small share disposition by the CEO/Director; no additional corporate context provided.

The Form 4 documents that Nadji Hessam, serving as both Chief Executive Officer and a Director, reported a single transaction on 09/08/2025 showing a disposition of 500 shares of common stock at a reported price of $0, leaving beneficial ownership of 260,703 shares. The filing uses transaction code "G." The form provides no explanation for the nature of the disposition beyond the code and the reported price, and includes a manual signature dated 09/10/2025. Without additional company context or a plan description, this appears as a standard Section 16 reporting item rather than a material corporate event.

Securities Analyst

TL;DR: Disclosure indicates an insider disposed of 500 shares; size relative to total holdings is small and no market impact is evident from the filing alone.

The filing reports a 500-share disposition by Nadji Hessam with a reported price of $0 and resulting beneficial ownership of 260,703 shares. The entry is coded as "G." The Form 4 contains no aggregated sales, no derivative activity, and no explanatory comments. From a securities reporting perspective this is a compliance disclosure fulfilling Section 16 requirements; the document does not provide information on proceeds, rationale, or any transaction plan details.

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
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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)
09/08/2025

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	09/08/2025		G		500	D	$0	260,703	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/ Hessam Nadji	09/10/2025
	** 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 transaction did Nadji Hessam report on the MMI Form 4?

The Form 4 reports a disposition of 500 shares of Marcus & Millichap common stock on 09/08/2025 with a reported price of $0.

What is Nadji Hessam's role at Marcus & Millichap according to the filing?

The filing identifies Nadji Hessam as both Chief Executive Officer and a Director of Marcus & Millichap.

How many Marcus & Millichap shares does Nadji Hessam beneficially own after the reported transaction?

Following the reported transaction, the Form 4 shows beneficial ownership of 260,703 shares.

What transaction code is used in the Form 4 and is there an explanation provided?

The Form 4 uses transaction code G for the reported disposition. The filing includes no additional explanation beyond the code and standard signature block.

Does the Form 4 show any derivative transactions for MMI by Nadji Hessam?

No. Table II for derivative securities contains no entries in this filing.