Form 4: MARA Holdings CEO Fred Thiel Reports Shares Withheld for Tax Liability

MARA Holdings, Inc. CEO and Director Fred Thiel reported the withholding of 9,584 shares of common stock valued at $15.68 per share to cover tax liabilities related to restricted stock unit vesting.

Summary

• Fred Thiel, Chief Executive Officer and Director of MARA Holdings, Inc. (MARA), reported a transaction on July 9, 2025.
• The transaction involved the disposition of 9,584 shares of MARA common stock.
• These shares were withheld by the issuer to cover Mr. Thiel's tax liability associated with the vesting of restricted stock units.
• The shares were valued at $15.68 per share at the time of the transaction.
• This was not an open market sale by Mr. Thiel.
• Following this transaction, Mr. Thiel directly beneficially owns 3,974,009 shares of MARA common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding related to RSU vesting, which is a neutral event and does not indicate positive or negative sentiment about the company's performance or outlook.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, as it is a report of a past transaction.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation and tax obligations, which is common across all industries for publicly traded companies when restricted stock units vest.

Related Party Transactions

• The transaction involves shares withheld by the issuer (MARA Holdings, Inc.) from its Chief Executive Officer and Director, Fred Thiel, to cover his tax liability related to restricted stock unit vesting. This is a common type of transaction between a company and its executives.

Stakeholder Impact

• Shareholders: The transaction is a routine administrative event and does not directly impact the company's operational performance or financial health. It represents a minor reduction in an insider's direct holdings due to tax obligations, not a discretionary sale.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

MARA Holdings, Fred Thiel, SEC Form 4, Insider Transaction, Restricted Stock Units, Tax Withholding, Beneficial Ownership, Corporate Governance