Thiel Frederick G 4

What Happened

• Frederick G. Thiel, CEO of MARA Holdings, sold 27,505 shares of MARA on June 17, 2026. The shares were disposed at $14.25 each for total proceeds of $391,946. The sale was reported on a Form 4 filed June 22, 2026.
• This transaction was a sale (not a purchase or option exercise). Sales executed under prearranged plans are common and do not necessarily indicate a change in the insider’s view of the company.

Key Details

• Transaction date and price: June 17, 2026 — 27,505 shares sold at $14.25 per share.
• Total proceeds: $391,946.
• Method: Reported as an open-market or private sale (transaction code S).
• Footnote: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted May 28, 2025.
• Shares owned after the transaction: Not specified in the provided filing summary.
• Filing timeliness: Form 4 was filed June 22, 2026 (five days after the reported transaction date); Form 4s are generally due within two business days, so this appears to be a late filing.

Context

• Rule 10b5-1 plans let insiders sell at prearranged times and are commonly used for liquidity, diversification, or scheduled selling; such plans can reduce the weight of an individual sale as a signal about company prospects.
• This report documents a routine insider sale; it is factual disclosure rather than commentary on company performance.