MariMed (OTCQB: MRMD) CEO adds 40,000 shares to direct stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MariMed Inc. President and CEO Jon R. Levine reported an open-market purchase of 40,000 shares of common stock at $0.075 per share. Following this trade, he owns 21,247,986 shares directly. A separate 6,684,640 shares are held by the Jon Levine Family Trust for his spouse and children, which he disclaims as beneficially owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 40,000 shares ($3,000)
Net Buy
2 txns
Insider
Levine Jon R
Role
President and CEO
Bought
40,000 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common stock | 40,000 | $0.075 | $3K |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Common stock — 21,247,986 shares (Direct, null);
Common stock — 6,684,640 shares (Indirect, By the Jon Levine Family Trust)
Footnotes (1)
- [object Object]
Key Figures
Open-market purchase: 40,000 shares
Purchase price: $0.075/share
Direct holdings after trade: 21,247,986 shares
+1 more
4 metrics
Open-market purchase
40,000 shares
Common stock bought at $0.075 per share
Purchase price
$0.075/share
Price paid in open-market transaction
Direct holdings after trade
21,247,986 shares
Common stock directly owned after May 20, 2026 transaction
Shares in family trust
6,684,640 shares
Held by the Jon Levine Family Trust; beneficial ownership disclaimed
Key Terms
open-market purchase, beneficial ownership, Section 16, trust, +1 more
5 terms
open-market purchase financial
"reported an open-market purchase of 40,000 shares of common stock"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these securities"
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.
Section 16 regulatory
"beneficial owner of these securities for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
trust financial
"These shares are held in trust for the benefit of the Reporting Person's spouse and children"
indirect ownership financial
"nature_of_ownership: By the Jon Levine Family Trust"
FAQ
What insider transaction did MariMed (MRMD) CEO Jon R. Levine report?
Jon R. Levine reported buying 40,000 MariMed common shares in an open-market transaction at $0.075 per share. After this purchase, his direct holdings increased to 21,247,986 shares, according to the Form 4 insider ownership report.
Does Jon R. Levine’s Form 4 include any stock option or derivative transactions?
No derivative or option exercises are reported in this Form 4. The filing shows a single open-market purchase of 40,000 common shares, plus a separate line reflecting 6,684,640 shares held indirectly by the Jon Levine Family Trust with disclaimed beneficial ownership.