Walcott Wister 4
4 · MARIN SOFTWARE INC · Filed May 15, 2023
Insider Transaction Report
Form 4
Walcott Wister
EVP, Products and Platform
Transactions
- Exercise/Conversion
Common Stock
2023-05-13+11,250→ 131,114 total - Tax Payment
Common Stock
2023-05-13$0.59/sh−4,588$2,716→ 126,526 total - Exercise/Conversion
Restricted Stock Units (RSU)
2023-05-13−11,250→ 0 total→ Common Stock (11,250 underlying)
Footnotes (4)
- [F1]Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. The shares reported as disposed of were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units ("RSUs"). The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- [F2]Each RSU represents a contingent right to receive one (1) share of the Issuer's common stock upon settlement.
- [F3]25% of the RSUs vest on each of May 13, 2020, May 13, 2021, May 13, 2022 and May 13, 2023, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
- [F4]RSUs do not expire; they either vest or are canceled prior to the vesting date.