Marimed Inc.: 10% owner Jon R Levine exercised 11,517 shares

What happened

• Jon R Levine, a 10% owner, exercised or converted a derivative to acquire 11,517 shares on Oct 2, 2026 at an exercise price of $0.00. The filing shows 3,991 shares were withheld by the issuer at $0.07 per share to satisfy tax withholding, totaling $278. The filing also reports a disposition of 11,517 shares of a derivative instrument at $0.00.

Key details

• Transaction date(s) and price(s): Oct 2, 2026; exercise/conversion at $0.00; tax withholding 3,991 shares at $0.07 ($278).
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes: F1 RSUs convert to common stock one-for-one; F2 shares withheld by issuer to satisfy tax withholding; F3 11,517 shares are held by Reporting Person's spouse, who is disclaimed by the Reporting Person; F4 the RSUs were granted Apr 2, 2024 and remaining RSUs vest Apr 2, 2027.
• Filing timeliness: filed Oct 2, 2026; no late filing indicated in the report.

Why it may matter

• The filing shows an exercise/conversion and that 3,991 shares were withheld to cover tax obligations (a withholding rather than an open-market sale).
• The reporting person is identified as a 10% owner, a large holder rather than an executive.
• This filing does not show why the insider traded or why the company acted.