4//SEC Filing
Bertz Robert 4
Accession 0001415889-24-017263
CIK 0001389002other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 7:04 PM ET
Size
9.7 KB
Accession
0001415889-24-017263
Insider Transaction Report
Form 4
Bertz Robert
CFO
Transactions
- Exercise/Conversion
Restricted Stock Units (RSU)
2024-06-13−4,583→ 0 total→ Common Stock (4,583 underlying) - Exercise/Conversion
Common Stock
2024-06-13+4,583→ 15,000 total - Tax Payment
Common Stock
2024-06-13$2.36/sh−1,879$4,434→ 13,121 total
Footnotes (4)
- [F1]Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. The shares reported as disposed of were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units ("RSUs"). The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- [F2]Each RSU represents a contingent right to receive one (1) share of the Issuer's common stock upon settlement.
- [F3]50% of the RSUs vest on each of June 13, 2023 and June 13, 2024, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
- [F4]RSUs do not expire; they either vest or are canceled prior to the vesting date.
Documents
Issuer
MARIN SOFTWARE INC
CIK 0001389002
Entity typeother
Related Parties
1- filerCIK 0001796238
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 7:04 PM ET
- Size
- 9.7 KB