Marimed Inc.: 10% owner Jon R Levine exercised 61,250 shares

What happened

• The filing shows Jon R Levine, a 10% owner, had RSUs convert or derivatives exercised that affected 61,250 shares and that 8,989 shares were withheld to satisfy tax withholding. The filing lists a 30,625-share acquisition at $0.00, a disposal of 8,989 shares at $0.06 for $539 (tax withholding), and a 30,625-share derivative conversion listed as disposed at $0.00.

Key details

• Transaction date: Oct 15, 2026.
• Prices and values reported: exercises/conversions at $0.00; tax withholding disposal at $0.06 per share for a total of $539.
• Shares owned after the transaction: not reported in the provided filing summary.
• Relevant footnotes from the filing:
  • F1: RSUs convert to common stock on a one-for-one basis.
  • F2: Shares were withheld by the issuer to satisfy tax withholding in connection with RSU vesting.
  • F3: Some shares are held by the reporting person’s spouse; the reporting person disclaims beneficial ownership of those securities.
  • F4: The RSUs were granted Apr 15, 2026; remaining RSUs under the grant vest in two equal installments on Jan 15, 2027 and Apr 15, 2027.
• Filing date: Oct 15, 2026. No late filing is indicated in the filing summary.

Why it may matter

• The filing shows RSUs converted to shares and that shares were withheld to cover tax obligations, which is a share-withholding action rather than a cash sale.
• The reporting person is a 10% owner, which the filing treats as a large holder rather than an executive role.
• The filing does not show why the insider traded or why the company acted.