Shaw Timothy 4
4 · MARIMED INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
MariMed (MRMD) COO Timothy Shaw Receives 65,000 RSU Shares
What Happened
Timothy Shaw, Chief Operating Officer of MariMed, had 65,000 restricted stock units (RSUs convert/derivatives) vest and convert into common stock on March 1, 2026. No cash exercise price was paid ($0.00 per share). The company withheld 22,523 shares to satisfy tax withholding obligations (reported value ~$1,910), leaving a net delivery of 42,477 shares to Shaw.
Key Details
- Transaction date: March 1, 2026; Form filed March 2, 2026 (timely).
- Actions reported: conversion/exercise of derivative (RSU conversion, code M) for 65,000 shares; tax withholding (code F) of 22,523 shares at $0.08/share for $1,910.
- Net shares delivered to Shaw after withholding: 42,477 (65,000 − 22,523).
- Shares owned after transaction: not specified in the provided Form 4 summary.
- Relevant footnotes: (F1/F2) RSUs convert one-for-one and shares were withheld to cover taxes; (F4) these RSUs were granted 9/1/2023 and remaining shares under that grant vest 9/1/2026; (F3) some shares are held in an irrevocable trust for the reporting person’s children and the reporting person disclaims beneficial ownership of the trust holdings.
Context
This was a vesting/conversion of RSUs (no cash outlay), with routine withholding to cover tax obligations — a common administrative event rather than an open-market buy or sell. Such tax-withholding dispositions generally do not signal a change in conviction about the company.
Insider Transaction Report
- Exercise/Conversion
Common stock
[F1]2026-03-01+65,000→ 9,359,541 total - Tax Payment
Common stock
[F2]2026-03-01$0.08/sh−22,523$1,910→ 9,337,018 total - Exercise/Conversion
Restricted Stock Units (RSU)
[F1][F4]2026-03-01−65,000→ 65,000 total→ Common Stock, par value $.001 per share (65,000 underlying)
- 2,000,000(indirect: By Trust)
Common stock
[F3]
Footnotes (4)
- [F1]RSUs convert to shares of common stock on a one-for-one basis.
- [F2]Reflects shares of common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
- [F3]The Reporting Person's spouse is the trustee of the trust and the shares held in the trust are for the benefit of the Reporting Person's children. The trust is an irrevocable trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- [F4]These RSUs were granted on September 1, 2023; the remaining RSUs under this grant will vest on September 1, 2026 in accordance with the terms of an award agreement between the Issuer and the Reporting Person.