Form 4: Marin Software CEO Christopher Lien Reports Stock Transactions
SEC Form 4 Filing
CEO Christopher Lien of Marin Software reports the vesting of restricted stock units and subsequent tax withholding, along with adjustments to his beneficial ownership.
Summary
- Christopher A. Lien, CEO of Marin Software, filed a Form 4 detailing changes in his beneficial ownership of the company's stock on March 7, 2024.
- The transactions include the vesting of 60,000 Restricted Stock Units (RSUs) and the subsequent disposal of 24,589 shares to cover tax obligations.
- Lien relinquished these shares to cover federal and state tax withholding obligations resulting from the vesting of the RSUs.
- Following these transactions, Lien directly owns 35,411 shares of common stock.
- He also indirectly owns shares through various trusts, including the Lien Revocable Trust, the Christopher A. Lien 2013 Annuity Trust, and the Rebecca S. Lien 2013 Annuity Trust.
- His spouse, Rebecca Lien, directly holds 120 shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly shift investor sentiment.
Future Outlook
The remaining 50% of the RSUs are scheduled to vest on March 7, 2025, contingent upon Christopher A. Lien's continued service to Marin Software.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates standard compensation practices involving RSUs and tax-related share disposals.
Key Dates
| Date | Description |
|---|---|
| 02/04/2013 | Date of the Christopher A. Lien 2013 Annuity Trust and the Rebecca S. Lien 2013 Annuity Trust |
| 07/08/2003 | Date of the Lien Revocable Trust |
| 03/07/2024 | Date of the reported stock transactions, including RSU vesting and tax withholding. |
| 03/07/2025 | Date of the second vesting of 50% of the RSUs. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Marin Software, Christopher Lien, MRIN, RSU, Stock Transaction, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.