Form 4: Marimed Inc. CEO Jon Levine Reports Stock Transactions
SEC Form 4 Filing
Jon Levine, President and CEO of Marimed Inc., reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of common stock.
Summary
- On October 27, 2024, Jon Levine, the President and CEO of Marimed Inc., had restricted stock units (RSUs) vest, which converted into 138,889 shares of common stock.
- The company withheld 40,764 shares to cover tax obligations related to the RSU vesting at a price of $0.165 per share.
- Following these transactions, Levine directly owns 20,432,487 shares of common stock and indirectly owns 6,684,640 shares through the Jon Levine Family Trust.
- The RSUs were granted on October 27, 2022, and vest in installments, with the final vesting dates on April 27, 2025, and October 27, 2025.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about stock transactions.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| October 27, 2022 | Date the RSUs were granted. |
| April 27, 2023 | First vesting date of the RSUs (one-sixth). |
| October 27, 2023 | Second vesting date of the RSUs (one-sixth). |
| April 27, 2024 | Third vesting date of the RSUs (one-sixth). |
| October 27, 2024 | Fourth vesting date of the RSUs (one-sixth); stock transaction date. |
| April 27, 2025 | Fifth vesting date of the RSUs (one-third). |
| October 27, 2025 | Final vesting date of the RSUs (one-third). |
| October 28, 2024 | Date of signature for the Form 4 filing. |
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