Form 4: Marin Software CFO Robert Bertz Reports Stock Transactions
SEC Form 4 Filing
Robert Bertz, CFO of Marin Software, reports the vesting of restricted stock units and related tax withholding transactions.
Summary
- On March 7, 2025, Robert Bertz, CFO of Marin Software, engaged in transactions involving common stock and restricted stock units (RSUs).
- He acquired 7,083 shares of common stock through the vesting of RSUs.
- He disposed of 2,910 shares to cover tax obligations related to the vesting of the RSUs at a price of $1.56 per share.
- Following these transactions, Bertz directly owns 17,294 shares of Marin Software common stock.
- The RSUs vest in two tranches: 50% vested on March 7, 2024, and the remaining 50% vested on March 7, 2025, contingent upon continued service to the company.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on the overall shareholding structure of the company.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | 50% of the RSUs vest |
| 03/07/2025 | Date of transactions: RSU vesting and tax withholding; 50% of the RSUs vest |
| 03/11/2025 | Date of Form 4 signature |
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