Justh Mark B 4

What Happened
Mark B. Justh, a director of Odyssey Marine Exploration, exercised/converted derivatives (transaction code M) on June 1, 2026. The Form 4 reports 20,000 shares acquired at $0.00 and 20,000 shares disposed at $0.00 (both reported as derivative transactions). The reported price per share is $0.00, so no cash value is shown on the filing.

Key Details

• Transaction date: 2026-06-01 (reported on Form 4 filed 2026-06-03) — filing appears timely.
• Reported transactions: 20,000 shares acquired (M) at $0.00; 20,000 shares disposed (M) at $0.00.
• Shares owned after the transactions: not disclosed in the provided excerpt.
• Footnote F1: Restricted Stock Awards vest on June 1, 2026.
• Transaction code M: exercise or conversion of derivative security. The filing does not specify whether the disposition was a sale or a withholding.

Context
The filing shows a same-day acquisition and disposition of an equal number of shares. That pattern is commonly associated with exercises/conversions followed by immediate sale or shares withheld to cover taxes, but the filing itself does not state the reason. Footnote F1 indicates the underlying restricted stock awards vested on June 1, 2026, which likely explains the conversion-type transaction reported.