MARA CEO Frederick Thiel Sells 27,505 Shares

What Happened
Frederick G. Thiel, CEO of MARA Holdings, reported a sale of 27,505 shares on 2026-09-17. The shares were sold at $11.45 each for a total reported proceeds of $314,932. This was a sale (not a purchase), which is often routine insider selling.

Key Details

• Transaction date and price: 2026-09-17 at $11.45 per share.
• Shares sold / value: 27,505 shares; ~$314,932 total proceeds.
• Shares owned after transaction: Not specified in the provided filing data.
• Footnote: Sale was executed under a Rule 10b5-1 trading plan adopted by Mr. Thiel on May 28, 2025.
• Filing timeliness: Form 4 filed 2026-09-18 for a 2026-09-17 trade — appears timely (not a late filing).

Context
A 10b5-1 plan indicates the sale was preplanned and reduces the implication that the trade was based on nonpublic information; such sales are often routine. As with any insider sale, this is factual reporting of disposition of shares and should not be interpreted on its own as a signal about company prospects.