Form 4: Marimed Inc. COO Timothy Shaw Reports Stock Transactions
SEC Form 4
Chief Operating Officer of Marimed Inc., Timothy Shaw, reports the vesting of Restricted Stock Units (RSUs) and subsequent transactions involving common stock.
Summary
- On March 1, 2025, Timothy Shaw, the Chief Operating Officer of Marimed Inc., reported transactions involving the company's common stock.
- 65,000 Restricted Stock Units (RSUs) vested and converted into common stock.
- 22,523 shares were withheld by the issuer to cover tax obligations related to the RSU vesting at a price of $0.1137.
- Following these transactions, Shaw directly owns 8,776,105 shares of common stock.
- Shaw also has indirect ownership of 2,000,000 shares through the Shaw Family Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
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 holdings and transactions of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares held by a key executive.
- The tax withholding impacts the company's cash flow, although likely immaterial.
Key Dates
| Date | Description |
|---|---|
| September 1, 2023 | Date the RSUs were granted. |
| September 1, 2024 | One-third (1/3) of the RSUs vested. |
| March 1, 2025 | Date of the reported transactions: RSU vesting and tax withholding. |
| September 1, 2025 | Next vesting date for one-sixth (1/6) of the RSUs. |
| March 1, 2026 | Next vesting date for one-sixth (1/6) of the RSUs. |
| September 1, 2026 | Final vesting date for the remaining RSUs. |
| March 3, 2025 | Date of the report signature. |
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