De Bosschere Fabrice 4

What Happened

• Fabrice De Bosschere, Chief Accounting Officer of Marcus & Millichap (MMI), received a grant of 7,500 restricted stock units (RSUs) on May 4, 2026. The award is recorded as a derivative acquisition at $0.00 per unit (total reported value $0) — this is a compensation award, not an open-market purchase.

Key Details

• Transaction date: 2026-05-04; Form 4 filed: 2026-05-06 (appears timely; Form 4 is generally due within two business days).
• Transaction code: A (Award/Grant); Derivative instrument: restricted stock units.
• Amount: 7,500 RSUs at $0.00 per unit (reported value $0).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — each RSU represents a contingent right to receive one share of common stock. F2 — the RSUs vest in five equal annual installments beginning June 10, 2027.
• No 10b5-1 plan, tax-withholding sale, or sale-of-shares-on-exercise noted in the filing.

Context

• RSUs are compensation-based awards that convert into shares only as they vest; they do not represent immediate stock ownership or a cash purchase. Vesting over five years means the insider must remain with the company for the scheduled periods to receive the underlying shares. Grants are routine for executives and reflect compensation, not necessarily a direct signal of insider market sentiment.