Khan Salman Hassan 4

What Happened
Salman Khan, Chief Financial Officer of MARA Holdings, sold 16,000 shares at $12.00 per share on May 18, 2026, generating proceeds of $192,000. The sale was reported on a Form 4 filed May 20, 2026. This was a sale (liquidity event) rather than a purchase.

Key Details

• Transaction date: May 18, 2026
• Amount sold: 16,000 shares at $12.00 each — total $192,000
• Method/notes: Sale effected pursuant to a Rule 10b5-1 trading plan adopted Sept 11, 2025 (per filing)
• Shares owned after transaction: Not disclosed in the provided filing
• Form 4 filed: May 20, 2026 (two days after the trade, within the typical Form 4 reporting window)
• Additional footnote: Reporting person and spouse are trustees of the S & N Khan Family Trust; immediate family are the trust’s sole beneficiaries

Context
Trades executed under a 10b5-1 plan are pre-arranged and commonly viewed as routine insider liquidity rather than direct statements about near-term company prospects. For retail investors, purchases generally carry more weight as a bullish signal; routine sales like this mainly indicate insider cashing out under a pre-set plan.