MariMed COO converts 65K RSUs, withholds stock
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Form Type
4
Rhea-AI Filing Summary
MARIMED INC. (MRMD) reported insider equity activity by Chief Operating Officer Timothy Shaw. On 2026-09-01, 65,000 Restricted Stock Units converted on a one-for-one basis into common stock. Of these, 22,523 shares of common stock were withheld at $0.0816 per share to satisfy tax withholding obligations, with the remaining shares effectively delivered to Shaw. Separately, 2,000,000 common shares are reported as held indirectly by the Shaw Family Trust for his children; the trust is irrevocable, Shaw’s spouse is trustee, and Shaw disclaims beneficial ownership of those securities.
Insider Trade Summary
65,000 shares exercised/converted
Exercise
4 txns
Insider
Shaw Timothy
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) F1, F4 | 65,000 | $0.00 | $0.00 |
| Exercise | Common stock F1 | 65,000 | $0.00 | $0.00 |
| Tax Withholding | Common stock F2 | 22,523 | $0.0816 | $2K |
| holding | Common stock F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (RSU) — 0 contracts (Direct);
Common stock — 9,454,600 shares (Direct);
Common stock — 2,000,000 shares (Indirect, By the Shaw Family Trust)
Footnotes (4)
- F1. RSUs convert to shares of common stock on a one-for-one basis.
- F2. Reflects shares of common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
- F3. The Reporting Person's spouse is the trustee of the trust and the shares held in the trust are for the benefit of the Reporting Person's children. The trust is an irrevocable trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F4. The RSUs were granted on September 1, 2023; there are no remaining RSUs under this grant in accordance with the terms of an award agreement between the Issuer and the Reporting Person.
Key Figures
RSUs converted: 65,000 shares
Shares withheld for taxes: 22,523 shares
Withholding price per share: $0.0816 per share
+1 more
4 metrics
RSUs converted
65,000 shares
Restricted Stock Units converting into MariMed Inc. common stock on 2026-09-01
Shares withheld for taxes
22,523 shares
Common shares withheld to satisfy tax withholding obligations on RSU vesting
Withholding price per share
$0.0816 per share
Price used for shares of common stock withheld for tax obligations
Shaw Family Trust holdings
2,000,000 shares
Indirectly held MariMed Inc. common stock in an irrevocable trust for Shaw’s children
Key Terms
Restricted Stock Units (RSU), tax withholding obligations, irrevocable trust, beneficial ownership
4 terms
Restricted Stock Units (RSU) financial
"Restricted Stock Units (RSU) convert to shares of common stock on a one-for-one basis"
tax withholding obligations financial
"Reflects shares of common stock withheld by the Issuer to satisfy tax withholding obligations"
irrevocable trust financial
"The trust is an irrevocable trust. The Reporting Person disclaims beneficial ownership"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transaction did MRMD COO Timothy Shaw report?
Timothy Shaw reported the conversion of 65,000 RSUs into common stock on 2026-09-01, with a portion of the resulting shares withheld to cover tax obligations, and the balance effectively increasing his directly held common stock position.
How many RSUs did Timothy Shaw have convert into MRMD common stock?
On 2026-09-01, 65,000 Restricted Stock Units (RSUs) held by Timothy Shaw converted into an equal number of shares of MariMed Inc. common stock, on a one-for-one basis, in accordance with the terms of his RSU award agreement dated September 1, 2023.
Were Timothy Shaw’s MRMD transactions under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as relying on a trading plan, and the footnotes do not state that these equity transactions occurred pursuant to a Rule 10b5-1 or other pre-arranged trading arrangement.
When were Timothy Shaw’s RSUs originally granted by MRMD?
The RSUs that converted on 2026-09-01 were granted on September 1, 2023. The footnotes state that there are no remaining RSUs under this specific grant, consistent with the terms of the applicable award agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
