4//SEC Filing
Bertz Robert 4
Accession 0001209191-23-045892
CIK 0001389002other
Filed
Aug 14, 8:00 PM ET
Accepted
Aug 15, 5:12 PM ET
Size
9.6 KB
Accession
0001209191-23-045892
Insider Transaction Report
Form 4
Bertz Robert
CFO
Transactions
- Exercise/Conversion
Common Stock
2023-08-11+27,500→ 80,674 total - Tax Payment
Common Stock
2023-08-11$0.64/sh−11,215$7,169→ 64,459 total - Exercise/Conversion
Restricted Stock Units (RSU)
2023-08-11−27,500→ 0 total→ Common Stock (27,500 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]50% of the RSUs vested on each of August 11, 2022 and August 11, 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 vesting.
- [F4]RSUs do not expire; they either vest or are canceled prior to the vesting date.
Documents
Issuer
MARIN SOFTWARE INC
CIK 0001389002
Entity typeother
Related Parties
1- filerCIK 0001796238
Filing Metadata
- Form type
- 4
- Filed
- Aug 14, 8:00 PM ET
- Accepted
- Aug 15, 5:12 PM ET
- Size
- 9.6 KB