MariMed COO Timothy Shaw converts award to 9,981 shares

The chief operating officer's RSU vesting included 3,459 shares withheld for tax obligations, while remaining RSUs under the grant will vest in full on April 2, 2027.

Rhea-AI Filing Summary

MariMed Inc. (MRMD) Chief Operating Officer Timothy Shaw converted 9,981 RSUs into 9,981 common shares on October 2, 2026. The issuer withheld 3,459 shares for tax withholding obligations at $0.0696 per share. The transaction reports 9,982 RSUs following conversion; the remaining RSUs under the grant will vest in full on April 2, 2027. Separately, the Shaw Family Trust held 2,000,000 common shares; Shaw's spouse is trustee, the shares benefit his children, and Shaw disclaims beneficial ownership.

Insider Trade Summary

9,981 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	9,981	$0.00	$0.00
Exercise	Common stock F1	9,981	$0.00	$0.00
Tax Withholding	Common stock F2	3,459	$0.0696	$240.75
holding	Common stock F3	--	--	--

Holdings After Transaction: Restricted Stock Units (RSU) — 9,982 contracts (Direct); Common stock — 9,461,122 shares (Direct); Common stock — 2,000,000 shares (Indirect, By the Shaw Family Trust)

Footnotes (4)

1. F1. RSUs convert to shares of common stock on a one-for-one basis.
2. F2. Reflects shares of common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
3. 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.
4. F4. The RSUs were granted on April 2, 2024; the remaining RSUs under this grant will vest in full on April 2, 2027, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.

Key Figures

RSUs converted: 9,981 RSUs Common shares acquired: 9,981 shares Shares withheld: 3,459 shares +4 more

7 metrics

RSUs converted 9,981 RSUs Converted on October 2, 2026

Common shares acquired 9,981 shares On October 2, 2026, upon RSU conversion

Shares withheld 3,459 shares Withheld by the issuer for tax withholding obligations

Price per share $0.0696 per share Reported for shares withheld for tax obligations

RSUs following transaction 9,982 RSUs Reported following the October 2, 2026 transaction

Shaw Family Trust shares 2,000,000 common shares Trust holdings reported as of October 2, 2026

Remaining RSU vesting date April 2, 2027 Remaining RSUs under the grant vest in full

Key Terms

RSUs, tax withholding obligations, irrevocable trust, beneficial ownership

4 terms

RSUs financial

"RSUs convert to shares of common stock on a one-for-one basis."

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

tax withholding obligations financial

"to satisfy tax withholding obligations in connection with the vesting of RSUs"

irrevocable trust regulatory

"The trust is an irrevocable trust."

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 regulatory

"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.

How many shares did MRMD COO Timothy Shaw acquire from RSUs?

Timothy Shaw acquired 9,981 common shares when 9,981 RSUs converted on October 2, 2026. The issuer withheld 3,459 common shares to satisfy tax withholding obligations at $0.0696 per share.

When do the remaining MRMD RSUs vest?

The remaining RSUs under the grant will vest in full on April 2, 2027, in accordance with the award agreement. The RSUs were granted on April 2, 2024.

How many shares does the Shaw Family Trust hold?

The Shaw Family Trust held 2,000,000 common shares as of October 2, 2026. Timothy Shaw's spouse is the trustee, the shares are for the benefit of Shaw's children, and Shaw disclaims beneficial ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/02/2026 - 04:07 PM Accepted by SEC EDGAR 10/02/2026 - 04:06 PM Learn about SEC filing dates

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^*

Shaw Timothy

(Last) (First) (Middle)

C/O MARIMED INC.

10 OCEANA WAY

(Street)

NORWOOD, MASSACHUSETTS 02062

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MARIMED INC. [ MRMD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	10/02/2026		M		9,981	A	$0(1)	9,464,581	D
Common stock	10/02/2026		F		3,459(2)	D	$0.0696	9,461,122	D
Common stock								2,000,000	I	By the Shaw Family Trust(3)

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 (RSU)	(1)	10/02/2026		M			9,981	(4)	(4)	Common Stock, par value $.001 per share	9,981	$0	9,982	D

Explanation of Responses:

1. RSUs convert to shares of common stock on a one-for-one basis.

2. Reflects shares of common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.

3. 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.

4. The RSUs were granted on April 2, 2024; the remaining RSUs under this grant will vest in full on April 2, 2027, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.

Remarks:

	/s/ Timothy Shaw	10/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)