Parker John David 4

What Happened
John (Parker) David, EVP & COO of Marcus & Millichap (MMI), settled multiple tranches of restricted stock units (RSUs) on March 10, 2026. The RSU settlements converted to a total of 24,201 common shares. To satisfy the withholding tax liability, the company withheld 12,140 shares at $26.43 per share (total value ≈ $320,860), leaving a net delivery of about 12,061 shares to Mr. Parker. The Form 4 was filed on March 12, 2026 (timely).

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely).
• RSUs converted (acquired): 24,201 shares (aggregate of multiple tranches).
• Shares withheld for taxes (disposed): 12,140 shares at $26.43 per share, total ≈ $320,860.
• Net shares received by insider: ≈ 12,061 shares.
• Reported cash amounts reflect tax withholding paid: $41,337; $29,284; $35,839; $158,633; $55,767 (aggregate ≈ $320,860).
• Footnotes: F1 = 1 RSU = 1 share; F2 = shares withheld to pay withholding taxes based on 3/10/2026 closing price; F3 = filing includes 764 ESPP shares; F4–F8 = vesting schedules for different RSU grants.
• Shares owned after transaction: not specified in the provided filing.

Context

• This was an RSU settlement with share withholding to cover taxes (a common "cashless" treatment), not an open-market sale or purchase.
• Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = shares withheld to satisfy tax liability.
• These kinds of filings typically reflect routine compensation vesting and tax withholding rather than an independent open-market sale or a fresh purchase signal.