Parker John David 4

What Happened Parker John David, EVP & Chief Operating Officer of Marcus & Millichap (MMI), had 2,000 restricted stock units (RSUs) convert to common shares on May 8, 2026. To satisfy the tax withholding on the RSU settlement, the issuer withheld 1,021 shares at the closing price of $30.42, a withholding value of about $31,059. The transaction is a vesting/conversion of an award (not an open-market buy or sale); after withholding he received approximately 979 shares.

Key Details

• Transaction date: May 8, 2026. Filing date: May 12, 2026 (filed 4 days after the transaction; Form 4s are normally due within two business days).
• Reported events and codes: M = conversion/exercise of derivative (RSU conversion of 2,000 shares); F = shares withheld to satisfy tax liability (1,021 shares @ $30.42 = $31,059).
• Shares owned after the transaction: not disclosed in the filing excerpt provided.
• Footnotes:
  • F1: Each RSU equals the right to one common share.
  • F2: Shares were withheld by the issuer to pay withholding tax, based on the May 8 closing price.
  • F3: These RSUs vest in five equal annual installments beginning May 10, 2022.

Context This was a routine equity award vesting and cashless tax-withholding settlement — common for RSU awards — rather than an intentional market sale or open-market purchase. The withholding of shares to cover taxes is administrative and does not necessarily signal management buying or selling intent.