MARCUS GEORGE M 4

What Happened

• George M. Marcus, a reported 10% owner of Marcus & Millichap, was granted 2,698 shares (transaction code A — award/acquisition) on April 30, 2026. The award was recorded at $27.79 per share for a total value of $74,977. This was an award/compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-04-30 at $27.79 per share.
• Shares granted/total value: 2,698 shares; $74,977 aggregate value.
• Vesting: Shares shall vest on the first anniversary of the grant (footnote F1).
• Ownership/control note: Mr. Marcus is sole member/manager of Ionian Investments Manager LLC, which manages Phoenix; he has voting and investment power over the shares held by Phoenix (footnote F2).
• Shares owned after transaction: not specified in the provided filing details.
• Filing timeliness: Form 4 was filed on 2026-05-04 (within the normal SEC filing window following the 2026-04-30 grant).

Context

• This was a compensation award rather than a purchase or sale; such grants are typically intended for retention or alignment with company performance and do not by themselves signal a buying/selling decision in the open market. Because Mr. Marcus is a 10% owner exercising control through related entities, the grant reflects allocation to an insider-controlled entity rather than an unaffiliated investor transaction.