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MARAMARA Holdings

Crypto · Financial Services · Nasdaq

MARA is an energy and digital infrastructure company focused on acquiring, managing, and allocating energy to its highest-value uses. 10-K, Item 1

Headquarters
Hallandale Beach, FL
CEO
Frederick G. Thiel
Next results
around Feb 25, 2027
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What MARA's directors and officers said they would sell, before they sold: trading plans the company reports each quarter, and the Form 144 notices sellers file on the day of a planned sale. Facts only; most of these sales are routine, such as selling shares from vesting stock awards.

Trading plans adopted or ended

6 plans still running: Salman Khan, Vicki Mealer-Burke, Douglas Mellinger, Fred Thiel, Jay Leupp.

InsiderWhatDateSharesRuns toReported in
Salman Khan
Chief Financial Officer
Adopted 10b5-1 plan Sep 8, 2026 up to 192,000 Dec 31, 2027 10-Q Nov 9, 2026
The company's description
On September 8, 2026, Salman Khan, the Company’s Chief Financial Officer, entered into a 10b5-1 Plan. Mr. Khan’s 10b5-1 Plan provides for the potential sale of up to 192,000 shares of the Company’s common stock between the first potential sale date on January 4, 2027 and the expiration of the 10b5-1 Plan on December 31, 2027. Mr. Khan’s existing 10b5-1 Plan will expire on December 31, 2026.
Vicki Mealer-Burke
member of the Board
Adopted 10b5-1 plan Aug 7, 2026 up to 41,380 Apr 30, 2027 10-Q Nov 9, 2026
The company's description
On August 7, 2026, Vicki Mealer-Burke, a member of the Board, entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a “10b5-1 Plan”). Ms. Mealer-Burke’s 10b5-1 Plan provides for the potential sale of up to 41,380 shares of the Company’s common stock between the first potential sale date on February 1, 2027 and the expiration of the 10b5-1 Plan on April 30, 2027.
Douglas Mellinger
Lead Independent Director on the Company’s Board of Directors
Adopted 10b5-1 plan Jun 9, 2026 up to 15,000 Nov 30, 2027 10-Q Aug 6, 2026
The company's description
On June 9, 2026, Douglas Mellinger, the Lead Independent Director on the Company’s Board of Directors, entered into a 10b5-1 Plan. Mr. Mellinger’s 10b5-1 Plan provides for the potential sale of up to 15,000 shares of the Company’s common stock between the first potential sale date on September 10, 2026 and the expiration of the 10b5-1 Plan on November 30, 2027. Mr. Mellinger’s prior 10b5-1 Plan expired on June 30, 2026.
Fred Thiel
Chief Executive Officer and Chairman of the Board of Directors
Adopted 10b5-1 plan Jun 9, 2026 up to 330,060 Sep 30, 2027 10-Q Aug 6, 2026
The company's description
On June 9, 2026, Fred Thiel, the Company’s Chief Executive Officer and Chairman of the Board of Directors, entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a “10b5-1 Plan”). Mr. Thiel’s 10b5-1 Plan provides for the potential sale of up to 330,060 shares of the Company’s common stock between the first potential sale date on October 1, 2026 and the expiration of the 10b5-1 Plan on September 30, 2027. Mr. Thiel’s existing 10b5-1 Plan will expire on September 30, 2026.
Vicki Mealer-Burke
member of the Company’s board of directors
Ended 10b5-1 plan Feb 6, 2026 up to 21,551 – 10-Q May 11, 2026
The company's description
On February 6, 2026, Vicki Mealer-Burke, a member of the Company’s board of directors, terminated a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act, which was adopted on September 9, 2025 for the sale of 21,551 shares of the Company’s common stock.
Jay Leupp
member of the Company’s board of directors
Adopted 10b5-1 plan Nov 24, 2025 up to 3,000 Mar 31, 2027 10-K Mar 2, 2026
The company's description
On November 24, 2025, Jay Leupp, a member of the Company’s board of directors, entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a “10b5-1 Plan”). Mr. Leupp’s 10b5-1 Plan provides for the potential sale of up to 23,504 shares and gift of up to 3,000 shares of the Company’s common stock between April 1, 2026 and the expiration of the 10b5-1 Plan on March 31, 2027.
Zabi Nowaid
General Counsel and Corporate Secretary
Adopted 10b5-1 plan Sep 12, 2025 up to 115,000 – 10-Q Nov 4, 2025
The company's description
On September 12, 2025, Zabi Nowaid, General Counsel and Corporate Secretary, entered into a 10b5-1 Plan. Mr. Nowaid’s 10b5-1 Plan provides for the potential sale of up to 115,000 shares of the Company’s common stock between the first potential sale date on December 17, 2025 and the expiration of the 10b5-1 Plan on December 31, 2026.
Salman Khan
Chief Financial Officer
Adopted 10b5-1 plan Sep 11, 2025 up to 176,000 Dec 31, 2026 10-Q Nov 4, 2025
The company's description
On September 11, 2025, Salman Khan, Chief Financial Officer, entered into a 10b5-1 Plan. Mr. Khan’s 10b5-1 Plan provides for the potential sale of up to 176,000 shares of the Company’s common stock between the first potential sale date on February 17, 2026 and the expiration of the 10b5-1 Plan on December 31, 2026. Mr. Khan’s existing 10b5-1 Plan will expire on December 31, 2025.
Vicki Mealer-Burke
board of directors
Adopted 10b5-1 plan Sep 9, 2025 up to 21,551 Apr 30, 2026 10-Q Nov 4, 2025
The company's description
On September 9, 2025, Vicki Mealer-Burke, a member of the Company’s board of directors, entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a “10b5-1 Plan”). Ms. Mealer-Burke’s 10b5-1 Plan provides for the potential sale of up to 21,551 shares of the Company’s common stock between the first potential sale date on February 2, 2026 and the expiration of the 10b5-1 Plan on April 30, 2026.
Fred Thiel
Chief Executive Officer and Chairman of the Board
Adopted 10b5-1 plan May 28, 2025 up to 357,565 Sep 30, 2026 10-Q Jul 29, 2025
The company's description
On May 28, 2025, Fred Thiel, Chief Executive Officer and Chairman of the Board, entered into a 10b5-1 Plan. Mr. Thiel’s 10b5-1 Plan provides for the potential sale of up to 357,565 shares of the Company’s common stock between the first potential sale date on September 17, 2025 and the expiration of the 10b5-1 Plan on September 30, 2026.
Salman Khan
Chief Financial Officer
Adopted 10b5-1 plan Mar 14, 2025 up to 69,465 May 30, 2025 10-Q May 8, 2025
The company's description
On March 14, 2025, Salman Khan, Chief Financial Officer, entered into a 10b5-1 Plan. Mr. Khan’s 10b5-1 Plan provides for the potential sale of up to 69,465 shares of the Company’s common stock between the first potential sale date on June 12, 2025 and the expiration of the 10b5-1 Plan on December 31, 2025. Mr. Khan’s existing 10b5-1 Plan will expire on May 30, 2025.
Jay Leupp
member of the Company’s board of directors
Adopted 10b5-1 plan Mar 10, 2025 up to 33,500 Jun 5, 2025 10-Q May 8, 2025
The company's description
On March 10, 2025, Jay Leupp, a member of the Company’s board of directors, entered into a 10b5-1 Plan. Mr. Leupp’s 10b5-1 Plan provides for the potential sale of up to 33,500 shares of the Company’s common stock between the first potential sale date on June 9, 2025 and the expiration of the 10b5-1 Plan on March 31, 2026. Mr. Leupp’s existing 10b5-1 Plan will expire on June 5, 2025.
Douglas Mellinger
member of the Company’s board of directors
Adopted 10b5-1 plan Mar 6, 2025 up to 13,000 May 13, 2025 10-Q May 8, 2025
The company's description
On March 6, 2025, Douglas Mellinger, a member of the Company’s board of directors, entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a “10b5-1 Plan”). Mr. Mellinger’s 10b5-1 Plan provides for the potential sale of up to 13,000 shares of the Company’s common stock between the first potential sale date on June 6, 2025 and the expiration of the 10b5-1 Plan on June 30, 2026. Mr. Mellinger’s existing 10b5-1 Plan will expire on May 13, 2025.
Salman Khan
Chief Financial Officer
Adopted 10b5-1 plan Nov 21, 2024 up to 66,800 May 30, 2025 10-K Mar 3, 2025
Fred Thiel
Chief Executive Officer and Chairperson of the Board
Adopted 10b5-1 plan Jun 18, 2024 up to 357,572 Sep 16, 2025 10-Q Aug 1, 2024
The company's description
On June 18, 2024, Fred Thiel, Chief Executive Officer and Chairperson of the Board, entered into a 10b5-1 Plan. Mr. Thiel’s 10b5-1 Plan provides for the potential sale of up to 357,572 shares of the Company’s common stock between the first potential sale date on September 16, 2024 and the expiration of the 10b5-1 Plan on September 16, 2025.
Salman Khan
Chief Financial Officer
Adopted 10b5-1 plan Jun 18, 2024 up to 66,800 Dec 31, 2024 10-Q Aug 1, 2024
The company's description
On June 18, 2024, Salman Khan, Chief Financial Officer, entered into a 10b5-1 Plan. Mr. Khan’s 10b5-1 Plan provides for the potential sale of up to 66,800 shares of the Company’s common stock between the first potential sale date on September 16, 2024 and the expiration of the 10b5-1 Plan on December 31, 2024.
Jay Leupp
board of directors
Adopted 10b5-1 plan Jun 5, 2024 up to 31,200 Jun 5, 2025 10-Q Aug 1, 2024
The company's description
On June 5, 2024, Jay Leupp, a member of the Company’s board of directors, entered into a 10b5-1 Plan. Mr. Leupp’s 10b5-1 Plan provides for the potential sale of up to 31,200 shares of the Company’s common stock between the first potential sale date on September 4, 2024 and the expiration of the 10b5-1 Plan on June 5, 2025.
Doug Mellinger
board of directors
Adopted 10b5-1 plan May 13, 2024 up to 10,000 May 13, 2025 10-Q Aug 1, 2024
The company's description
On May 13, 2024, Doug Mellinger, a member of the Company’s board of directors, entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a “10b5-1 Plan”). Mr. Mellinger’s 10b5-1 Plan provides for the potential sale of up to 10,000 shares of the Company’s common stock between the first potential sale date on August 12, 2024 and the expiration of the 10b5-1 Plan on May 13, 2025.

From the XBRL of the company's 10-Qs and 10-Ks (Regulation S-K Item 408, reported since 2023): 17 filings checked since Apr 28, 2023.

Form 144 notices of planned sales

FiledSellerSharesValueShares came from10b5-1 planForm 4 sales after
Nov 2, 2026 Thiel Frederick G
Officer, Director
27,505 $186,759 Restricted Stock Vesting adopted Jun 9, 2026 27,505 shares from Nov 2, 2026
Oct 19, 2026 Khan Salman Hassan
Officer
16,000 $126,080 Restricted Stock Vesting adopted Sep 11, 2025 16,000 shares from Oct 19, 2026
Oct 1, 2026 Thiel Frederick G
Officer, Director
27,505 $308,606 Restricted Stock Vesting adopted Jun 9, 2026 27,505 shares from Oct 1, 2026
Sep 18, 2026 Nowaid Zabi
Officer
8,376 $100,869 Stock Grant adopted Sep 12, 2025 8,376 shares from Sep 18, 2026
Sep 17, 2026 Thiel Frederick G
Officer, Director
27,505 $314,932 Restricted Stock Vesting adopted Jun 9, 2026 55,010 shares from Sep 17, 2026
Sep 17, 2026 Khan Salman Hassan
Officer
16,000 $183,200 Restricted Stock Vesting adopted Sep 11, 2025 16,000 shares from Sep 17, 2026
Aug 21, 2026 Nowaid Zabi
Officer
8,376 $100,003 Stock Grant adopted Sep 12, 2025 16,752 shares from Aug 21, 2026
Aug 17, 2026 Thiel Frederick G
Officer, Director
27,505 $253,321 Restricted Stock Vesting adopted May 28, 2025 27,505 shares from Aug 17, 2026
Aug 17, 2026 Khan Salman Hassan
Officer
16,000 $147,360 Restricted Stock Vesting adopted Sep 11, 2025 16,000 shares from Aug 17, 2026
Jul 20, 2026 Nowaid Zabi
Officer
8,376 $100,011 Stock Grant adopted Sep 12, 2025 8,376 shares from Jul 20, 2026
Jul 17, 2026 Khan Salman Hassan
Officer
16,000 $174,400 Restricted Stock Vesting adopted Sep 11, 2025 16,000 shares from Jul 17, 2026
Jul 17, 2026 Thiel Frederick G
Officer, Director
27,505 $299,804 Restricted Stock Vesting adopted May 28, 2025 27,505 shares from Jul 17, 2026
Jun 22, 2026 MELLINGER DOUGLAS K
Director
7,000 $112,000 Restricted Stock Vesting adopted Mar 6, 2025 7,000 shares from Jun 22, 2026
Jun 17, 2026 Thiel Frederick G
Officer, Director
27,505 $391,946 Restricted Stock Vesting adopted May 28, 2025 55,010 shares from Jun 17, 2026
Jun 17, 2026 Khan Salman Hassan
Officer
16,000 $228,000 Restricted Stock Vesting adopted Sep 11, 2025 32,000 shares from Jun 17, 2026
Jun 17, 2026 Nowaid Zabi
Officer
7,000 $99,241 Stock Grant adopted Sep 12, 2025 7,000 shares from Jun 17, 2026
May 18, 2026 Khan Salman Hassan
Officer
16,000 $192,000 Restricted Stock Vesting adopted Sep 11, 2025 32,000 shares from May 18, 2026
May 18, 2026 Thiel Frederick G
Officer, Director
27,505 $330,060 Restricted Stock Vesting adopted May 28, 2025 55,010 shares from May 18, 2026
May 18, 2026 Nowaid Zabi
Officer
8,250 $98,491 Stock Grant adopted Sep 12, 2025 15,250 shares from May 18, 2026
Apr 17, 2026 Khan Salman Hassan
Officer
16,000 $186,880 Restricted Stock Vesting adopted Sep 11, 2025 none found
Apr 17, 2026 Thiel Frederick G
Officer, Director
27,505 $321,258 Restricted Stock Vesting adopted May 28, 2025 none found
Apr 17, 2026 Nowaid Zabi
Officer
42,090 $500,063 Stock Grant adopted Sep 12, 2025 none found
Mar 17, 2026 Thiel Frederick G
Officer, Director
27,505 $252,496 Restricted Stock Vesting adopted May 28, 2025 none found
Mar 17, 2026 Khan Salman Hassan
Officer
16,000 $146,880 Restricted Stock Vesting adopted Sep 11, 2025 none found
Feb 17, 2026 Thiel Frederick G
Officer, Director
27,505 $210,688 Restricted Stock Vesting adopted May 28, 2025 none found
Feb 17, 2026 Khan Salman Hassan
Officer
16,000 $122,560 Restricted Stock Vesting adopted Sep 11, 2025 none found
Jan 20, 2026 Thiel Frederick G
Officer, Director
27,505 $297,054 Restricted Stock Vesting adopted May 28, 2025 none found
Dec 17, 2025 Thiel Frederick G
Officer, Director
27,505 $296,229 Restricted Stock Vesting adopted May 28, 2025 none found
Dec 15, 2025 Khan Salman Hassan
Officer
34,732 $398,723 Restricted Stock Vesting adopted Mar 14, 2025 none found
Nov 17, 2025 Khan Salman Hassan
Officer
34,732 $416,437 Restricted Stock Vesting adopted Mar 14, 2025 none found
Nov 17, 2025 Thiel Frederick G
Officer, Director
27,505 $329,785 Restricted Stock Vesting adopted May 28, 2025 none found
Nov 10, 2025 MELLINGER DOUGLAS K
Director
1,000 $16,550 Restricted Stock Vesting adopted Mar 6, 2025 none found
Nov 10, 2025 Nowaid Zabi
Officer
25,113 $397,214 Compensation none given none found
Nov 6, 2025 Nowaid Zabi
Officer
4,887 $81,356 Compensation none given none found

From the Form 144 XML filed with the SEC, since Nov 6, 2025. The value is the seller's estimate on the notice. "Form 4 sales after" matches the seller's Form 4 sales in the 30 days after the notice, by name; Form 4s go back 180 days.

Work on MARA in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/MARA/export.csv") into a cell.