Form 4: Marimed Inc. COO Timothy Shaw Reports Stock Transactions
SEC Form 4
Chief Operating Officer Timothy Shaw reports the vesting of Restricted Stock Units (RSUs) and subsequent tax withholding, impacting his beneficial ownership of Marimed Inc. stock.
Summary
- On April 27, 2025, Marimed Inc.'s Chief Operating Officer, Timothy Shaw, reported transactions involving the company's common stock.
- 111,111 Restricted Stock Units (RSUs) vested and converted to common stock on a one-for-one basis.
- The company withheld 38,500 shares to satisfy tax obligations related to the RSU vesting at a price of $0.108 per share.
- Following these transactions, Shaw directly owns 8,875,924 shares of common stock.
- Shaw also indirectly owns 2,000,000 shares through the Shaw Family Trust, for which his spouse is the trustee and his children are the beneficiaries; he disclaims beneficial ownership of these shares.
- The remaining unvested RSUs will vest on October 27, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The remaining unvested RSUs will vest on October 27, 2025.
Management Comments
- The reporting person disclaims beneficial ownership of the securities held in the Shaw Family Trust, stating that the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives and their potential alignment with shareholder interests.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares outstanding.
Key Dates
| Date | Description |
|---|---|
| October 27, 2022 | Date the RSUs were granted. |
| April 27, 2025 | Date of RSU vesting and tax withholding. |
| April 29, 2025 | Date of signature on the Form 4 filing. |
| October 27, 2025 | Date of remaining unvested RSUs will vest. |
Keywords
Marimed Inc., Timothy Shaw, MRMD, Form 4, Beneficial Ownership, Restricted Stock Units, RSU, Tax Withholding, Insider Trading
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