MariMed Inc. (OTCQB: MRMD) COO converts RSUs and adjusts stock holdings
Rhea-AI Filing Summary
MariMed Inc. reports that COO Timothy Shaw exercised 42,656 RSUs into common stock and had 14,781 shares withheld to satisfy tax obligations related to the vesting. After these transactions, he holds 9,426,904 shares directly and 127,969 RSUs, plus 2,000,000 shares held in an irrevocable family trust for his children, for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
42,656 shares exercised/converted
Mixed
4 txns
Insider
Shaw Timothy
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 42,656 | $0.00 | -- |
| Exercise | Common stock | 42,656 | $0.00 | -- |
| Tax Withholding | Common stock | 14,781 | $0.0662 | $978.50 |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (RSU) — 127,969 shares (Direct);
Common stock — 9,426,904 shares (Direct);
Common stock — 2,000,000 shares (Indirect, By the Shaw Family Trust)
Footnotes (1)
- RSUs convert to shares of common stock on a one-for-one basis. Reflects shares of common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs. 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. The RSUs were granted on April 15, 2026; the remaining RSUs under this grant will vest in three equal installments on each of October 15, 2026, January 15, 2027 and April 15, 2027, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.
Key Figures
RSUs converted to common stock: 42,656 shares
Shares withheld for taxes: 14,781 shares
Direct common shares after transactions: 9,426,904 shares
+3 more
6 metrics
RSUs converted to common stock
42,656 shares
Common stock acquired on 2026-07-15 via RSU conversion (code M)
Shares withheld for taxes
14,781 shares
Shares of common stock withheld to satisfy tax withholding obligations on RSU vesting
Direct common shares after transactions
9,426,904 shares
Total MariMed common stock held directly by Timothy Shaw following 2026-07-15 transactions
Remaining RSU position
127,969 RSUs
Restricted Stock Units reported as outstanding after the RSU conversion on 2026-07-15
Shares held in family trust
2,000,000 shares
Common stock held by the Shaw Family Trust; beneficial ownership disclaimed by Timothy Shaw
Tax withholding price
$0.0662 per share
Per-share value used for 14,781 shares withheld to satisfy tax obligations
Key Terms
Restricted Stock Units (RSU), tax withholding obligations, irrevocable trust, beneficial ownership
4 terms
Restricted Stock Units (RSU) financial
"Security title "Restricted Stock Units (RSU)" with underlying common stock"
tax withholding obligations financial
"Shares of common stock withheld by the Issuer to satisfy tax withholding obligations"
irrevocable trust financial
"The trust is an irrevocable trust and holds shares for the Reporting Person's children"
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
"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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity transactions did MariMed (MRMD) COO Timothy Shaw report?
Timothy Shaw exercised 42,656 RSUs into common stock and had 14,781 shares withheld for taxes. These July 15, 2026 transactions left him with 9,426,904 MariMed shares held directly and 127,969 RSUs reported as outstanding.
What is the RSU vesting schedule disclosed for MariMed (MRMD) COO Timothy Shaw?
The RSUs were granted on April 15, 2026, with remaining units vesting in three installments. Vesting dates are October 15, 2026, January 15, 2027, and April 15, 2027, under an award agreement between MariMed and Shaw.