MARA CFO Khan Salman Hassan Sells 16,000 Shares

What Happened
Khan Salman Hassan, Chief Financial Officer of MARA Holdings, sold 16,000 shares on 2026-09-17 at $11.45 per share, generating proceeds of $183,200. The transaction is reported as a sale (code S) on a Form 4 filed on 2026-09-18. The filing notes the sale was effected under a Rule 10b5-1 trading plan adopted September 11, 2025.

Key Details

• Transaction date: 2026-09-17
• Price per share: $11.45
• Shares sold: 16,000
• Total proceeds: $183,200
• Ownership after transaction: Not specified in this Form 4
• Footnotes: F1 — sale executed pursuant to a 10b5-1 plan (adopted 2025-09-11); F2 — reporting person and spouse are trustees of the S & N Khan Family Trust, with immediate family as beneficiaries.
• Filing timeliness: Form 4 filed on 2026-09-18 (next day); not indicated as late.

Context
A 10b5-1 trading plan allows insiders to sell shares according to a pre-set schedule and is commonly used to avoid concerns about trading on material nonpublic information. The trust note indicates some holdings may be held or managed in a family trust; such arrangements can affect how ownership appears on filings. Sales are routine insider activity and do not, by themselves, indicate a change in company outlook.