Leupp Jay P 4

What Happened
Leupp Jay P., a director of MARA Holdings, Inc. (MARA), was granted 82,759 restricted stock units (RSUs) on February 13, 2026. The grant is reported as an acquisition (code A) at $0.00 on the Form 4. Each RSU represents a contingent right to one share of common stock and will vest in full on January 31, 2027, subject to his continued service.

Key Details

• Transaction date: 2026-02-13 (reported on Form 4 filed 2026-02-13).
• Transaction type/code: Grant / Award (A).
• Shares/units granted: 82,759 RSUs; reported acquisition price: $0.00.
• Vesting: All RSUs vest on January 31, 2027, subject to continued service.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: The award is under the issuer’s Amended and Restated 2018 Equity Incentive Plan; each RSU converts to one share on vesting (see footnote F1).
• Timeliness: Filing was made on the same date as the report period (no late filing indicated).

Context
RSU grants are a form of compensation and do not represent an immediate cash purchase or sale; they become company stock only if and when they vest. Such awards are routine for executives and directors and should be interpreted as a compensation event rather than a direct bullish or bearish trading signal.