Form 4: Marin Software CEO Christopher Lien Reports Stock Transactions
SEC Form 4 Filing
Christopher Lien, CEO of Marin Software, reports the vesting of restricted stock units and related tax obligations settled through the relinquishment of shares.
Summary
- Christopher A. Lien, CEO of Marin Software, filed a Form 4 detailing changes in beneficial ownership.
- On June 13, 2024, Lien had 6,667 restricted stock units (RSUs) vest, which were settled.
- To cover the tax liability associated with the vesting of these RSUs, 2,733 shares were relinquished back to the company at a price of $2.36 per share.
- Following these transactions, Lien directly owns 9,835 shares of Marin Software common stock.
- Lien also indirectly owns shares through several trusts, including the Lien Revocable Trust, the Christopher A. Lien 2013 Annuity Trust, and the Rebecca S. Lien 2013 Annuity Trust.
- The reported holdings reflect a 1-for-6 stock split that became effective on April 12, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the vesting of executive compensation and a small number of shares being relinquished.
Key Dates
| Date | Description |
|---|---|
| 02/04/2013 | Date of Christopher A. Lien 2013 Annuity Trust and Rebecca S. Lien 2013 Annuity Trust |
| 07/08/2003 | Date of Lien Revocable Trust |
| 04/12/2024 | Effective date of 1-for-6 stock split |
| 06/13/2023 | 50% of RSUs vest |
| 06/13/2024 | Date of RSU vesting and share relinquishment for tax obligations |
| 06/13/2024 | 50% of RSUs vest |
| 06/17/2024 | Date of Form 4 signature |
Keywords
Form 4, Marin Software, Christopher Lien, MRIN, Stock Transactions, Beneficial Ownership, Restricted Stock Units, RSU, CEO
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