GEORGE JANET 4

What Happened

• Janet George, a director of MARA Holdings, Inc. (MARA), was granted 82,759 restricted stock units (RSUs) on February 13, 2026. The Form 4 reports an acquisition price of $0.00 for these RSUs. Each RSU represents a contingent right to receive one share of MARA common stock upon vesting.

Key Details

• Transaction date: 2026-02-13; transaction type: Award/Grant (code A).
• Reported acquisition price: $0.00 per RSU (grant reported as $0).
• Vesting: RSUs vest in full on January 31, 2027, subject to continued service (see footnote F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 states the grant is under the issuer’s 2018 Equity Incentive Plan (amended); each RSU converts to one common share upon vesting.
• Filing timeliness: Reported on 2026-02-13 for a 2026-02-13 grant — no late filing indicated.

Context

• RSU grants are compensation awards, not open-market purchases or sales; they don’t result in immediate stock sales or cash proceeds. The grant will only translate into actual shares if the RSUs vest (here, contingent on continued service through Jan 31, 2027). Such awards are common for directors and executives to align incentives over time and may dilute shares if/when they vest and are issued.