Form 4: Marcus & Millichap CEO Hessam Nadji Reports Changes in Beneficial Ownership
SEC Form 4
Hessam Nadji, CEO of Marcus & Millichap, reports the acquisition and disposal of common stock and restricted stock units on March 10, 2025, resulting in adjustments to his beneficial ownership.
Summary
- On March 10, 2025, Hessam Nadji, the CEO of Marcus & Millichap, engaged in transactions involving common stock and restricted stock units (RSUs).
- Nadji acquired shares through the vesting of RSUs and disposed of shares to cover withholding tax liabilities.
- The transactions involved multiple tranches of RSUs vesting, each representing a contingent right to receive one share of Marcus & Millichap's common stock.
- A total of 72,000 RSUs vested on March 10, 2025.
- The price per share for the disposal of shares to cover tax liabilities was $35.47.
- Following these transactions, Nadji's direct ownership of common stock changed, and he continues to hold a number of derivative securities in the form of RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard compensation practices; neither particularly positive nor negative.
Positives
- The vesting of RSUs indicates that Nadji is meeting the conditions of his equity compensation plan.
- Continued equity ownership aligns Nadji's interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/10/2021 | First vesting date of restricted stock units. |
| 03/10/2022 | Second vesting date of restricted stock units. |
| 03/10/2023 | Third vesting date of restricted stock units. |
| 03/10/2024 | Fourth vesting date of restricted stock units. |
| 03/10/2025 | Date of reported transactions: acquisition and disposal of securities. |
| 02/11/2030 | Expiration date of some restricted stock units. |
| 02/11/2031 | Expiration date of some restricted stock units. |
| 02/10/2032 | Expiration date of some restricted stock units. |
| 02/09/2033 | Expiration date of some restricted stock units. |
| 02/08/2034 | Expiration date of some restricted stock units. |
| 03/12/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.