ANTOUN GEORGES 4

What Happened

• Antoun Georges, a director of MARA Holdings, Inc. (MARA), was granted 82,759 restricted stock units (RSUs) on February 13, 2026. The Form 4 reports the award as acquired at $0.00 (a compensation grant), and each RSU represents a contingent right to one share of MARA common stock. The RSUs will vest in full on January 31, 2027, subject to Georges’ continued service on the vesting date.

Key Details

• Transaction date and price: 2026-02-13; grant recorded at $0.00 per RSU (transaction code A = Award/Grant).
• Shares/units granted: 82,759 RSUs (each converts to one share upon vesting).
• Vesting: 100% vests January 31, 2027, contingent on continued service (per footnote F1).
• Shares owned after transaction: Not reported on this Form 4.
• Filing/timeliness: Form filed on 2026-02-13 (same day as the transaction), indicating a timely filing.
• Filing reference: Accession No. 0001493152-26-006855.

Context

• RSU grants are compensation awards, not open-market purchases or sales; they do not result in immediate share ownership or proceeds until vesting (and possible tax withholding on vesting). Such grants are common for executives and directors and should be viewed as part of pay/retention rather than a direct insider buy or sell signal.