Khan Salman Hassan 4

What Happened
Khan Salman Hassan, Chief Financial Officer of MARA Holdings, sold 16,000 shares on July 17, 2026, at $10.90 per share, generating proceeds of $174,400. This was a disposition (sale), not a purchase — sales are often routine and this one was executed under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-07-17; price: $10.90 per share; total proceeds: $174,400.
• Transaction type/code: Sale (open market/private sale) — reported as "S".
• 10b5-1 plan: Sale effected pursuant to a Rule 10b5-1 trading plan adopted Sept 11, 2025 (Footnote F1).
• Trust disclosure: Reporting person and spouse are trustees of the S & N Khan Family Trust; immediate family are sole beneficiaries (Footnote F2).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Filing: Form 4 filed July 20, 2026 — appears to be filed within the standard 2-business-day window.

Context
Because the sale was carried out under a 10b5-1 plan, it was pre-arranged and may not reflect the insider’s current view of the company. For retail investors, purchases typically carry more weight as signals than routine sales executed under trading plans.