Nadji Hessam 4

What Happened
Nadji Hessam, CEO of Marcus & Millichap, was granted 46,000 restricted stock units (RSUs) on February 10, 2026. The RSUs were awarded at $0.00 per unit (typical for equity awards) and are reported as a derivative security — each RSU is a contingent right to receive one share of common stock upon vesting. This is an award/grant (not an open-market purchase or sale), so it does not represent an immediate cash purchase or disposition.

Key Details

• Transaction date: 2026-02-10; Form 4 filed 2026-02-12 (filed within the standard two-business-day window).
• Security/amount: 46,000 restricted stock units granted at $0.00 (derivative award).
• Vesting: RSUs vest in four equal annual installments beginning March 10, 2027 (≈11,500 shares per year).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — each RSU converts to one share when vested; F2 — the four-year vesting schedule noted above.
• Filing timeliness: Report appears timely; no late-filing flag in the provided data.

Context
RSU grants are common executive compensation and do not give immediate voting rights or dividends until converted to shares at vesting. Because this is an award rather than a market purchase or sale, it should be viewed as compensation-related rather than a direct trading signal.