MELLINGER DOUGLAS K 4

What Happened

• Douglas K. Mellinger, a director of MARA Holdings, sold 7,000 shares of the company's common stock on 2026-06-22 at $16.00 per share, for proceeds of $112,000. The sale was reported on a Form 4 filed 2026-06-24.

Key Details

• Transaction date: 2026-06-22
• Transaction type: Sale (open-market/private sale) — 7,000 shares at $16.00 each; total value $112,000
• Shares owned after transaction: Not specified in this Form 4
• Footnotes: Sale was made pursuant to a Rule 10b5-1 trading plan adopted March 6, 2025 (F1). The reporting person is the sole member of Sycamore Fig LLC and may be deemed to beneficially own shares held by that entity (F2).
• Filing timeliness: Report filed two days after the transaction (2026-06-24), which appears to meet the SEC’s Form 4 reporting window.

Context

• This is a disposition (sale) rather than a purchase; sales by insiders can be routine (e.g., scheduled under 10b5‑1 plans) and do not by themselves indicate management’s view of the company’s prospects. The presence of a pre-established 10b5‑1 plan suggests the sale was made under a predetermined schedule.