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Marcus & Millichap, Inc.·4

Mar 12, 8:55 PM ET

Parker John David 4

4 · Marcus & Millichap, Inc. · Filed Mar 12, 2026

Research Summary

AI-generated summary of this filing

Updated

Marcus & Millichap (MMI) EVP & COO John Parker Exercises RSUs; Shares Withheld

What Happened
John (Parker) David, EVP & COO of Marcus & Millichap (MMI), settled multiple tranches of restricted stock units (RSUs) on March 10, 2026. The RSU settlements converted to a total of 24,201 common shares. To satisfy the withholding tax liability, the company withheld 12,140 shares at $26.43 per share (total value ≈ $320,860), leaving a net delivery of about 12,061 shares to Mr. Parker. The Form 4 was filed on March 12, 2026 (timely).

Key Details

  • Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely).
  • RSUs converted (acquired): 24,201 shares (aggregate of multiple tranches).
  • Shares withheld for taxes (disposed): 12,140 shares at $26.43 per share, total ≈ $320,860.
  • Net shares received by insider: ≈ 12,061 shares.
  • Reported cash amounts reflect tax withholding paid: $41,337; $29,284; $35,839; $158,633; $55,767 (aggregate ≈ $320,860).
  • Footnotes: F1 = 1 RSU = 1 share; F2 = shares withheld to pay withholding taxes based on 3/10/2026 closing price; F3 = filing includes 764 ESPP shares; F4–F8 = vesting schedules for different RSU grants.
  • Shares owned after transaction: not specified in the provided filing.

Context

  • This was an RSU settlement with share withholding to cover taxes (a common "cashless" treatment), not an open-market sale or purchase.
  • Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = shares withheld to satisfy tax liability.
  • These kinds of filings typically reflect routine compensation vesting and tax withholding rather than an independent open-market sale or a fresh purchase signal.

Insider Transaction Report

Form 4
Period: 2026-03-10
Marcus & Millichap, Inc.MMI
Parker John David
EVP & COO
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-10+3,492→ 31,150 total
  • Tax Payment

    Common Stock

    [F2]
    2026-03-10$26.43/sh−1,564$41,337→ 29,586 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-10+2,169→ 31,755 total
  • Tax Payment

    Common Stock

    [F2]
    2026-03-10$26.43/sh−1,108$29,284→ 30,647 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-10+2,654→ 33,301 total
  • Tax Payment

    Common Stock

    [F2]
    2026-03-10$26.43/sh−1,356$35,839→ 31,945 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-10+11,756→ 43,701 total
  • Tax Payment

    Common Stock

    [F2]
    2026-03-10$26.43/sh−6,002$158,633→ 37,699 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-10+4,130→ 41,829 total
  • Tax Payment

    Common Stock

    [F2][F3]
    2026-03-10$26.43/sh−2,110$55,767→ 40,483 total
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F4]
    2026-03-10−2,654→ 0 total
    Exp: 2031-02-11→ Common Stock (2,654 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F5]
    2026-03-10−11,756→ 11,764 total
    Exp: 2032-02-10→ Common Stock (11,756 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F6]
    2026-03-10−4,130→ 8,266 total
    Exp: 2033-02-09→ Common Stock (4,130 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F7]
    2026-03-10−3,492→ 10,476 total
    Exp: 2034-02-08→ Common Stock (3,492 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F8]
    2026-03-10−2,169→ 6,510 total
    Exp: 2035-02-06→ Common Stock (2,169 underlying)
Footnotes (8)
  • [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
  • [F2]Shares withheld by the Issuer in payment of the withholding tax liability incurred upon the above-reported settlements of RSUs. The amount of shares withheld is based on the closing sale price on March 10, 2026.
  • [F3]Includes 764 shares of Common Stock purchased under the Issuer's Employee Stock Purchase Plan.
  • [F4]The restricted stock units vest in five equal annual installments beginning March 10, 2022.
  • [F5]The restricted stock units vest in five equal annual installments beginning March 10, 2023.
  • [F6]The restricted stock units vest in five equal annual installments beginning March 10, 2024.
  • [F7]The restricted stock units vest in five equal annual installments beginning March 10, 2025.
  • [F8]The restricted stock units vest in four equal annual installments beginning March 10, 2026.
Signature
/s/ Steven DeGennaro as attorney-in-fact for John David Parker|2026-03-12

Documents

1 file
  • 4
    ownership.xmlPrimary

    4