Filing Details
- Accession Number:
- 0001522767-23-000071
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-05-01 20:16:35
- Reporting Period:
- 2023-04-27
- Accepted Time:
- 2023-05-01 20:16:35
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1522767 | Marimed Inc. | MRMD | Medicinal Chemicals & Botanical Products (2833) | 274672745 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1866577 | Timothy Shaw | C/O Marimed Inc. 10 Oceana Way Norwood, MA 02062 | Chief Operating Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2023-04-27 | 111,111 | $0.00 | 8,410,619 | No | 4 | M | Direct | |
Common Stock | Disposition | 2023-04-28 | 39,371 | $0.37 | 8,371,248 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | M | Direct | |
No | 4 | S | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock, Par Value $.001 Per Share | Restricted Stock Units (RSU) | Disposition | 2023-04-27 | 111,111 | $0.00 | 111,111 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
555,556 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock | 2,000,000 | Indirect | By the Shaw Family Trust |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock, Par Value $.001 Per Share | Restricted Stock Units (RSU) | $0.00 | 130,000 | 130,000 | Direct | ||
Common Stock, Par Value $.001 Per Share | Option to buy common stock | $0.90 | 2026-10-01 | 1,250,000 | 1,250,000 | Direct | |
Common Stock, Par Value $.001 Per Share | Option to buy common stock | $0.88 | 2026-07-09 | 1,250,000 | 1,250,000 | Direct | |
Common Stock, Par Value $.001 Per Share | Option to buy common stock | $0.30 | 2025-03-31 | 50,000 | 50,000 | Direct |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
130,000 | 130,000 | Direct | |
2026-10-01 | 1,250,000 | 1,250,000 | Direct |
2026-07-09 | 1,250,000 | 1,250,000 | Direct |
2025-03-31 | 50,000 | 50,000 | Direct |
Footnotes
- RSUs convert to common stock on a one-for-one basis.
- Reflects common stock sold pursuant to a rule 10b5-1 instruction letter previously adopted by the Reporting Person to satisfy tax withholding obligations in connection with RSUs.
- The reporting person's spouse is the trustee of the trust and the shares held in the trust are for the benefit of the reporting person's children. The trust is an irrevocable trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- The RSUs vest over a three year period in equal one-sixth installments every six months following the October 27, 2022 grant date, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.
- The RSUs vest over a three year period of which 43,333 RSUs will vest on March 7, 2024 and thereafter, 21,667 RSUs will vest every succeeding six (6) months through March 7, 2025, on each of September 7 and March 7, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.
- Immediately