Form 4: MARA Holdings CFO Salman Khan Reports Routine Tax-Related Share Disposition

MARA Holdings, Inc.'s Chief Financial Officer, Salman Khan, reported the disposition of 17,570 shares of common stock on July 9, 2025, to cover tax liabilities associated with restricted stock unit vesting.

Summary

• Salman Khan, Chief Financial Officer of MARA Holdings, Inc., reported transactions involving the company's common stock.
• On July 9, 2025, a total of 17,570 shares were disposed of through two separate transactions.
• Specifically, 8,137 shares were disposed of at a price of $15.68 per share, and 9,433 shares were disposed of at a price of $15.70 per share.
• These dispositions were not open market sales but rather shares withheld by the issuer to cover Mr. Khan's tax liability in connection with the vesting of restricted stock units.
• Following these transactions, Salman Khan directly beneficially owns 1,497,261 shares of MARA Holdings, Inc. common stock.
• Additionally, Mr. Khan indirectly beneficially owns 359,304 shares through the S & N Khan Family Trust, where he and his spouse are trustees and immediate family members are beneficiaries.

Sentiment

Score: 5

Explanation: The transaction is a routine tax-related disposition of shares upon RSU vesting, which is a neutral event. It is neither inherently positive nor negative for the company's operational or financial outlook.

Positives

• The transaction represents a routine tax withholding event, indicating the vesting of restricted stock units, which can be a positive sign of employee retention and long-term incentives.

Negatives

• The disposition of 17,570 shares, while for tax purposes, slightly reduces the direct beneficial ownership of the Chief Financial Officer.

Risks

• No specific risks related to the company's operations or financial health are mentioned in this filing, as it pertains solely to an insider transaction.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide broader industry context or trends. It reflects an individual executive's compensation-related share activity rather than a strategic industry move.

Comparison to Industry Standards

• This document, being a Form 4 detailing an insider's share disposition for tax purposes, does not provide information suitable for comparison to global industry benchmarks, specific comparable companies, projects, or results.

Related Party Transactions

• Salman Khan indirectly beneficially owns 359,304 shares through the S & N Khan Family Trust, where he and his spouse are trustees and immediate family members are the sole beneficiaries. This constitutes a related party holding.

Stakeholder Impact

• Shareholders: The transaction represents a minor reduction in direct insider ownership, but it is a routine event related to compensation and tax obligations, not a sale for liquidity or a vote of no confidence.
• Employees: The vesting of restricted stock units (RSUs) indicates the fulfillment of long-term incentive compensation, which can be a positive for employee morale and retention strategies.

Next Steps

• No specific future actions, events, or milestones are mentioned in this insider transaction report.

Key Dates

Keywords

MARA Holdings, MARA, Salman Khan, Chief Financial Officer, CFO, SEC Form 4, Insider Transaction, Stock Disposition, Restricted Stock Units, RSU Vesting, Tax Withholding, Beneficial Ownership