Thiel Frederick G 4

What Happened Frederick Thiel, CEO of MARA Holdings, sold 27,505 shares on January 20, 2026, at $10.80 per share, resulting in proceeds of approximately $297,054. The transaction is reported as a sale (S) and was effected via an open-market or private sale.

Key Details

• Transaction date: 2026-01-20; Filing date: 2026-01-22 (timely filed).
• Price and quantity: 27,505 shares at $10.80 each; total ≈ $297,054.
• Method/code: Reported as an open market or private sale; transaction code S (sale).
• Footnote: Sale executed pursuant to a Rule 10b5-1 trading plan adopted May 28, 2025.
• Shares owned after transaction: Not specified in the provided filing excerpt (see full Form 4 for post-transaction holdings).

Context Sales made under a Rule 10b5-1 plan are pre-arranged trading programs and are often routine dispositions rather than a direct signal of the insider’s view on the company. This report documents a sale only; it does not indicate any purchase activity or changes to equity awards.