Marcus & Millichap EVP John Parker Receives 2,808 RSUs

What Happened

• John David Parker, EVP & COO of Marcus & Millichap (MMI), had 2,808 restricted stock units (RSUs) vest on Aug 10, 2026. Of those, 1,434 shares were withheld by the company to cover withholding taxes (valued at $30.67/share, total ~$43,981), leaving a net delivery of 1,374 shares to the insider. The filing shows the RSU settlement as an exercise/conversion (code M) with the tax withholding reported under code F.

Key Details

• Transaction date: Aug 10, 2026; Form 4 filed Aug 12, 2026 (within the standard 2-business-day window).
• Reported activity: 2,808 RSUs vested (M); 1,434 shares withheld for taxes at $30.67/share (F), $43,981 total.
• Net shares received by insider: 1,374 (2,808 vested − 1,434 withheld).
• Shares owned after transaction: not specified in the provided filing excerpt; filing notes include 474 shares purchased under the company ESPP (footnote F3).
• Relevant footnotes: F1—each RSU represents a right to one share; F2—withheld shares based on the Aug 10 closing price; F4—these RSUs vest in five equal annual installments beginning Aug 10, 2026.
• Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = shares withheld for tax liability.

Context

• This was a routine RSU vesting and cashless tax-withholding transaction, not an open-market sale or buy. Withholding to cover taxes is common and doesn’t necessarily indicate a change in the insider’s view of the company. Because the RSUs vest in five annual installments, additional vesting events are expected in future years.