Nowaid Zabi 4

What Happened
Nowaid Zabi, General Counsel of MARA Holdings, had 20,924 shares of MARA common stock withheld to cover tax liabilities in connection with the vesting of restricted stock units. The withholding was recorded at $13.89 per share, a total value of approximately $290,634. This was a tax-withholding disposition (code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-07-01; reported on Form 4 filed 2026-07-02 (timely filing).
• Transaction type/code: Tax withholding upon RSU vesting (code F).
• Shares withheld/disposed: 20,924 at $13.89 each; total value ≈ $290,634.
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 states shares were withheld to cover the reporting person's tax liability related to RSU vesting; explicitly not an open market sale.

Context
Tax-withholding dispositions are routine when restricted stock or RSUs vest and do not necessarily signal insider sentiment about the company's prospects. This transaction differs from a sale or a buy—shares were surrendered to satisfy taxes rather than sold on the market. For retail investors, purchases or open-market sales by insiders typically carry clearer signals than tax-withholding transactions.