Lawrence Norma J. 4

What Happened

• Norma J. Lawrence, a director of Marcus & Millichap, received an award of 2,698 shares on 2026-04-30. The grant price reported was $27.79 per share, for a total grant value of approximately $74,977. This transaction is recorded as an acquisition (code A) — a grant/award of shares rather than an open‑market purchase.

Key Details

• Transaction date and price: 2026-04-30 — 2,698 shares at $27.79 each (total ≈ $74,977).
• Vesting: The shares shall vest on the first anniversary of the grant (vesting date ≈ 2027-04-30). (Footnote F1)
• Ownership vehicle: The shares are held by the Lawrence Family Trust dated 4/18/01 (restated 9/30/10); Ms. Lawrence is trustee and may be deemed to have beneficial ownership. (Footnote F2)
• Shares owned after transaction: Not specified in the Form 4 filing.
• Timeliness: Form 4 was filed on 2026-05-04 for a 2026-04-30 grant; this filing was made within the required two business‑day period.

Context

• This was a restricted share award (company compensation), not an immediate sale or market purchase. Because the shares vest in one year, they are subject to time‑based restrictions until vesting and do not represent an immediate liquidity event.
• Grants to directors are a common form of compensation and do not by themselves imply a change in the director's sentiment about the stock.