Thiel Frederick G 4

What Happened
Frederick G. Thiel, CEO of MARA Holdings, sold 27,505 shares in an open-market transaction on March 17, 2026 at $9.18 per share, for total proceeds of $252,496. This was a sale (transaction code S), not a purchase.

Key Details

• Transaction date and price: March 17, 2026 — 27,505 shares sold at $9.18 each.
• Total value: $252,496 (gross proceeds).
• Shares owned after the transaction: not disclosed in the provided filing summary.
• Filing date: March 19, 2026 — appears to be timely (filed within the SEC’s 2‑business‑day window).
• Footnote: The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Thiel on May 28, 2025 (scheduled plan).

Context
Sales executed under a 10b5-1 plan are pre-arranged and typically scheduled in advance; they may not reflect the insider’s current view of the company. For retail investors, purchases by insiders tend to carry more informational weight than routine sales. This report shows a routine, planned sale by the CEO rather than an unscheduled disposition.