MRMD Form 4: 9,981 RSUs vested; 2,000,000 trust shares disclosed
Rhea-AI Filing Summary
Marimed Inc. Chief Operating Officer Timothy Shaw reported transactions on 10/02/2025 showing receipt of 9,981 restricted stock units (RSUs) that convert one-for-one into common shares and the vesting-triggered withholding of 2,930 shares to satisfy taxes at $0.161 per share. After these transactions Mr. Shaw directly beneficially owns 9,055,412 shares and indirectly holds 2,000,000 shares through the irrevocable Shaw Family Trust, for a combined reported interest disclosed on the Form 4.
Positive
- 9,981 RSUs were granted/vested, converting one-for-one into common shares
- Direct beneficial ownership of 9,055,412 shares reported after the transactions
- 2,000,000 shares held in an irrevocable Shaw Family Trust, adding disclosed indirect interest
Negative
- 2,930 shares were withheld to satisfy tax withholding obligations connected to RSU vesting
- Filing discloses no sales or reductions in shareholding; no liquidity event reported
Insights
Officer received RSUs and reports meaningful direct and indirect holdings.
The filing shows a grant/vesting event on 10/02/2025 where 9,981 RSUs were recorded as acquired and will convert to common stock one-for-one. The issuer withheld 2,930 shares to cover taxes at $0.161 per share.
The reporting person now directly holds 9,055,412 shares and indirectly holds 2,000,000 shares via an irrevocable family trust (the Reporting Person disclaims beneficial ownership of the trust shares). This mix of direct and indirect holdings is material to ownership disclosure but the filing contains no resale, sale, or pledge activity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 9,981 | $0.00 | -- |
| Exercise | Common stock | 9,981 | $0.00 | -- |
| Tax Withholding | Common stock | 2,930 | $0.161 | $471.73 |
| holding | Common stock | -- | -- | -- |
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. These RSUs were granted on April 2, 2024; the remaining RSUs will vest in three equal installments on each of April 2, 2026, October 2, 2026 and April 2, 2027 in accordance with the terms of an award agreement between the Issuer and the Reporting Person.
