Levine Jon R 4

What Happened
Jon R. Levine, reported as a 10% owner of Marimed, acquired 40,000 shares in an open market/private purchase on 2026-05-20 at $0.07 per share for a reported total of $3,000. This was a purchase (acquisition), which is typically more informative to investors than routine sales.

Key Details

• Transaction date: 2026-05-20
• Transaction type and code: Purchase (P) — open market or private purchase
• Price and quantity: 40,000 shares at $0.07 per share; reported total $3,000
• Shares owned after transaction: Not specified in the provided filing
• Footnote: Shares are held in trust for the Reporting Person’s spouse and children; the Reporting Person disclaims beneficial ownership of these securities (see footnote).
• Filing timeliness: Reported and filed with a period of report dated 2026-05-20 (appears timely).

Context
As a 10% owner, Levine is a large shareholder rather than necessarily an operating executive; such purchases can indicate an increase in stake but do not by themselves explain motivation. The footnote indicates the shares are held in trust for family members and the reporting person disclaims beneficial ownership, which can affect interpretation of direct control.