LaBerge Gregory A. 4

What Happened

• Gregory A. LaBerge, SVP & Chief Client Officer of Marcus & Millichap (MMI), had multiple restricted stock units (RSUs) convert to common shares on March 10, 2026. A total of 9,697 shares were issued on vesting and 3,466 of those shares were withheld by the issuer to satisfy tax withholding, valued at $91,606 (based on the $26.43 closing price reported). The net result was roughly 6,231 shares delivered to LaBerge. Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = shares withheld for tax.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely).
• Vesting/issuance: 9,697 shares converted from RSUs; 3,466 shares withheld for taxes at $26.43 = $91,606 withheld.
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes: F1 (each RSU converts to one share); F2 (shares withheld to pay withholding tax based on 3/10/2026 close); F3 (some shares held by the Gregory & Meredith LaBerge Trust); F4–F8 (vesting schedules for the RSU grants).
• Codes: M = derivative conversion/settlement; F = tax withholding (net-share settlement).

Context

• This was a routine RSU vesting event with net-share (share-withheld) tax payment — effectively a cashless settlement of RSUs — not an open-market sale or purchase. Such transactions reflect compensation vesting rather than a deliberate buy/sell decision by the insider.