G. Thiel - Jan 31, 2024 Form 4 Insider Report for MARATHON DIGITAL HOLDINGS, INC. (MARA)

Role
Chief Executive Officer, Director
Signature
/s/ Zabi Nowaid, Attorney-in-Fact for Frederick Thiel
Stock symbol
MARA
Transactions as of
Jan 31, 2024
Transactions value $
$0
Form type
4
Date filed
2/2/2024, 09:45 PM
Previous filing
Nov 14, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MARA Common Stock Award $0 +1.64M +132.9% $0.00 2.88M Jan 31, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a grant of restricted stock units ("RSUs") made to the Reporting Person under the Issuer's 2018 Equity Incentive Plan (the "Plan"). The RSUs vest over a three-year period, with 25% of the grant vesting on January 31, 2024 (the "Grant Date"), and the remaining portion of the grant vesting in 12 quarterly installments of 6.25% thereafter, subject to the Reporting Person's continued service to the Issuer through each vesting date. Each RSU represents a contingent right to receive one share of the Issuer's common stock, par value $0.0001 per share ("Common Stock"). The number of RSUs is equal to $22,400,000 divided by the average closing price over the prior 100 consecutive trading days as determined on the Grant Date.

Remarks:

Exhibit 24 - Power of Attorney