Form 4: Marcus & Millichap CEO Hessam Nadji Reports Stock Transactions
SEC Form 4 Filing
CEO Hessam Nadji reports acquisition and disposal of Marcus & Millichap stock, including vesting of restricted stock units and shares withheld for tax liabilities.
Summary
- On September 10, 2024, Hessam Nadji, CEO of Marcus & Millichap, acquired 30,000 shares of common stock through the vesting of restricted stock units.
- Also on September 10, 2024, 15,204 shares were disposed of to cover withholding tax liabilities at a price of $38.32 per share.
- On September 11, 2024, 500 shares were disposed of as a gift.
- Following these transactions, Nadji directly owns 223,419 shares of Marcus & Millichap common stock.
- He also holds 120,000 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by the CEO. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The vesting of 30,000 restricted stock units indicates continued alignment of the CEO's interests with shareholders.
Industry Context
Form 4 filings are routine disclosures for company insiders and provide transparency into their trading activities, which can be informative for investors.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the CEO's holdings and trading activity.
Key Dates
| Date | Description |
|---|---|
| 09/10/2024 | Acquisition of 30,000 shares through RSU vesting and disposal of 15,204 shares for tax liabilities. |
| 09/10/2024 | Restricted stock units vest in five equal annual installments beginning on this date. |
| 09/11/2024 | Disposal of 500 shares as a gift. |
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