Marimed Inc: COO Timothy Shaw exercised 9,981 shares

What happened

• Timothy Shaw, chief operating officer, reported the conversion/exercise of 9,981 derivative units into 9,981 shares on Oct 2, 2026. The filing shows a tax withholding of 3,459 shares disposed at $0.07 per share for a total of $241. The filing also lists a derivative disposition entry for 9,981 shares at $0.00.

Key details

• Transaction date: Oct 2, 2026. Reported transaction codes: M (exercise/conversion of derivative) and F (payment of exercise price or tax liability).
• Prices and values reported: converted/exercised at $0.00; 3,459 shares withheld/disposed at $0.07 for $241.
• Shares owned after the transaction: not stated in this filing.
• Relevant footnotes: F1 — RSUs convert one-for-one to common stock; F2 — shares were withheld by the issuer to satisfy tax withholding; F4 — the RSUs were granted Apr 2, 2024 and remaining RSUs vest Apr 2, 2027; F3 — a trust holds certain shares for the benefit of the reporting person’s children and the reporting person disclaims beneficial ownership of those trust shares.
• Late filing: no late filing is indicated in this report.

Why it may matter

• The filing shows RSUs converting to shares with issuer withholding shares to cover tax obligations rather than an open-market sale of all shares (a cashless/withholding tax settlement).
• The filing does not show why the insider traded or why the company acted.