MARAMARA Holdings
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
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.
| Insider | What | Date | Shares | Runs to | Reported 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 descriptionOn 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 descriptionOn 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 descriptionOn 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 descriptionOn 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 descriptionOn 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 descriptionOn 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 descriptionOn 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 descriptionOn 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 descriptionOn 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 descriptionOn 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 descriptionOn 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 descriptionOn 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 descriptionOn 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 descriptionOn 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 descriptionOn 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 descriptionOn 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 descriptionOn 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
| Filed | Seller | Shares | Value | Shares came from | 10b5-1 plan | Form 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.
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