Parker John David 4

What Happened

• John David Parker, EVP & COO of Marcus & Millichap, was granted 20,000 restricted stock units (RSUs) on 2026-05-04. The award is recorded at $0.00 per share (a grant, not a market purchase), and is reported as a derivative award rather than an immediate share transfer.
• Because this is an RSU grant (not a cash purchase or open-market sale), there is no immediate cash outlay or proceeds. The economic value to Parker will depend on the company’s stock price when the units vest and convert into shares.

Key Details

• Transaction date: 2026-05-04; Form 4 filed: 2026-05-06 (appears timely under standard 2-business-day filing rules).
• Transaction code: A (award/grant of a derivative security).
• Shares/units granted: 20,000 RSUs; price per unit reported: $0.00 (typical for equity awards).
• Vesting: The RSUs vest in five equal annual installments beginning June 10, 2027 (footnote F2).
• Footnote on nature of award: Each RSU represents a contingent right to receive one share of common stock (footnote F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context

• RSU grants are common executive compensation and typically align management incentives with shareholders; they do not represent an immediate purchase or sale of shares.
• Because the units vest over multiple years, they generally encourage retention and longer-term alignment rather than signaling immediate buying/selling sentiment.