Shaw Timothy 4

4 · MARIMED INC. · Filed Mar 9, 2026

AI-generated summary of this filing

Updated Mar 9, 2026

Marimed (MRMD) COO Timothy Shaw Converts RSUs; Withholds Shares

What Happened

Timothy Shaw, Chief Operating Officer of Marimed, had 21,667 restricted stock units (RSUs) convert to common stock on March 7, 2026 (reported 3/9/2026). The conversion is reported as a derivative exercise/conversion (code M) at $0.00 per share.
To cover tax withholding, 7,508 shares were withheld by the issuer at $0.08 per share, a total withholding value of $631 (code F). After withholding, Shaw received a net 14,159 shares. This was a compensation vesting event (not an open-market purchase or a voluntary sale).

Key Details

Transaction date: March 7, 2026; Filing date: March 9, 2026 (timely filing).
Converted: 21,667 RSUs → 21,667 common shares (conversion reported at $0.00).
Withheld for taxes: 7,508 shares @ $0.08 = $631 (shares surrendered to issuer for tax withholding).
Net shares delivered to Shaw: 14,159.
Shares owned after transaction: Not specified in the filing.
Footnotes: F1—RSUs convert one-for-one to common stock; F2—shares withheld satisfy tax withholding; F4—these RSUs were granted 3/7/2023 and this grant is fully settled; F3—some shares are held in an irrevocable trust (spouse is trustee for Reporting Person’s children) and Shaw disclaims beneficial ownership of those trust-held shares.

Context

This is a routine RSU vesting and company tax-withholding event (similar to a cashless exercise for tax purposes). It does not indicate a purchase or an open-market sale by the insider.
Such compensation-related conversions are standard and reflect vesting of prior awards rather than a directional trade signal.

Form 4

Period: 2026-03-07

Chief Operating Officer

Transactions

Exercise/Conversion
Common stock
[F1]
2026-03-07+21,667→ 9,358,685 total
Tax Payment
Common stock
[F2]
2026-03-07$0.08/sh−7,508$631→ 9,351,177 total
Exercise/Conversion
Restricted Stock Units (RSU)
[F1][F4]
2026-03-07−21,667→ 0 total
→ Common Stock, par value $.001 per share (21,667 underlying)

Holdings

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 March 7, 2023; there are no remaining RSUs under this grant in accordance with the terms of an award agreement between the Issuer and the Reporting Person.

Signature

/s/ Timothy Shaw|2026-03-09

1 file