About 9.2% overall. As a group they ended with more shares than they started with.
| Who | Shares | Price | % of total stake | Total stake after | Trade date | Filed |
|---|---|---|---|---|---|---|
| Salman Khan Chief Financial Officer | 9,210 | $11.21 | n/a | n/a | Oct 5, 2026 | Oct 7, 2026 |
"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.
| Who | Shares | Price | % of total stake | Total stake after | Trade date | Filed |
|---|---|---|---|---|---|---|
| Frederick Thiel Chief Executive Officer, Director | 27,505 | $11.22 | 0.6% | 4.22M | Oct 1, 2026 | Oct 2, 2026 |
"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.
| Who | Shares | Price | % of total stake | Total stake after | Trade date | Filed |
|---|---|---|---|---|---|---|
| Frederick Thiel Chief Executive Officer, Director | 63,101 | $11.33 | 1.5% | 4.25M | Sep 30, 2026 | Oct 2, 2026 |
| Salman Khan Chief Financial Officer | 52,307 | $11.33 | n/a | n/a | Sep 30, 2026 | Oct 2, 2026 |
| Zabi Nowaid General Counsel | 20,923 | $11.33 | 2.3% | 869K | Sep 30, 2026 | Oct 2, 2026 |
"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.
| Who | Shares | Price | % of total stake | Total stake after | Trade date | Filed |
|---|---|---|---|---|---|---|
| Zabi Nowaid General Counsel | 8,376 | $12.10 | 0.9% | 890K | Sep 18, 2026 | Sep 18, 2026 |
"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.
| Who | Shares | Price | % of total stake | Total stake after | Trade date | Filed |
|---|---|---|---|---|---|---|
| Frederick Thiel Chief Executive Officer, Director | 27,505 | $11.45 | 0.6% | 4.31M | Sep 17, 2026 | Sep 18, 2026 |
| Salman Khan Chief Financial Officer | 16,000 | $11.45 | n/a | n/a | Sep 17, 2026 | Sep 18, 2026 |
"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.
Percentages cover 8 of 9 officers and directors. Left out: Salman Khan (holdings couldn't be fully reconciled). Disclosed company stock is not an insider's whole wealth.
Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.
Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.
Yes. Frederick Thiel sold 358K shares ($4.1M, 9.5% of starting holdings) in the past 12 months, all of it under a trading plan disclosed in the filings.
Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 95% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 5% were to cover taxes. A trading plan schedules sales in advance.
No. Officers and directors reported no purchases in the past 12 months.
About 9.2% overall. As a group they ended with more shares than they started with. That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.
| Who sold | Amount | % of holdings | Trading plan |
|---|---|---|---|
| Frederick Thiel Chief Executive Officer, Director | $4.1M 358K shares | 9.5% | Disclosed plan |
| Salman Khan Chief Financial Officer | $3.0M 232K shares | iNo percentage: holdings couldn't be fully reconciled. | Disclosed plan |
| Zabi Nowaid General Counsel | $1.5M 112K shares | 14% | 68% under a disclosed plan |
| Douglas Mellinger Director | $129K 8K shares | 4.7% | Disclosed plan |
Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.
| Insider | Held Oct 8, 2025 | Sold | Held Oct 8, 2026 | Still held |
|---|---|---|---|---|
Frederick ThieliIncludes unvested RSUs, amount not disclosed. Chief Executive Officer, Director | 3.75M | −358K | 4.22M | +13% |
Vesting, gifts, unvested awards and holding lines for Frederick Thiel0shares vested or exercised 0gifted (net of own trusts) −697Kwithheld by the company for taxes 1.24M → 1.24Munvested awards, start → end
| ||||
Salman Khan!Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: -190,615 shares on Sep 17, 2026 (Direct). See the filing Sales and other transactions for Salman Khan are complete. Chief Financial Officer | n/a | −232K | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Salman Khan0shares vested or exercised 0gifted (net of own trusts) −520Kwithheld by the company for taxes none reportedunvested awards, start → end
Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: -190,615 shares on Sep 17, 2026 (Direct). The balances below are as reported, not verified totals. | ||||
Zabi NowaidiIncludes unvested RSUs, amount not disclosed. General Counsel | 781K | −112K | 869K | +11% |
Vesting, gifts, unvested awards and holding lines for Zabi Nowaid | ||||
Jay LeuppiIncludes unvested RSUs, amount not disclosed. Director | 179K | 0 | 262K | no sales |
Vesting, gifts, unvested awards and holding lines for Jay Leupp | ||||
Douglas MellingeriIncludes unvested RSUs, amount not disclosed. Director | 172K | −8K | 247K | +44% |
Vesting, gifts, unvested awards and holding lines for Douglas Mellinger | ||||
Georges AntouniIncludes unvested RSUs, amount not disclosed. Director | 168K | 0 | 251K | no sales |
Vesting, gifts, unvested awards and holding lines for Georges Antoun | ||||
Vicki Mealer-BurkeiIncludes unvested RSUs, amount not disclosed. Director | 58K | 0 | 141K | no sales |
Vesting, gifts, unvested awards and holding lines for Vicki Mealer-Burke | ||||
Barbara HumptoniIncludes unvested RSUs, amount not disclosed. Director | 54K | 0 | 136K | no sales |
Vesting, gifts, unvested awards and holding lines for Barbara Humpton | ||||
Janet GeorgeiIncludes unvested RSUs, amount not disclosed. Director | 54K | 0 | 136K | no sales |
Vesting, gifts, unvested awards and holding lines for Janet George | ||||
8 of 9 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (8 exactly, 0 with a minor or footnoted difference). For 1 we show sales but not holdings; the ! icon on that row explains why. Percentages cover 8 of 9 officers and directors. Left out: Salman Khan (holdings couldn't be fully reconciled). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.
Officer and director open-market sales: $8.7M across 710,229 shares. Plan status and stated purpose are separate questions, and a sale can have both.
The lighter segment is sales with no plan disclosed in the filing ($480K), including tax-related sales outside a plan.
$480K of sales (5.5%) cite tax obligations in their footnotes. Separately, 1,417,292 shares ($16.4M) were withheld by the company for taxes, which isn't a market sale. Example: Zabi Nowaid, Nov 10, 2025
| Seller | Shares sold | Proceeds | Under a disclosed plan | Share of total | Sales dates |
|---|---|---|---|---|---|
| Frederick Thiel Chief Executive Officer, Director | 358K | $4.1M | 100% | 47% | Oct 17, 2025 to Oct 1, 2026 |
| Salman Khan Chief Financial Officer | 232K | $3.0M | 100% | 34% | Oct 15, 2025 to Sep 17, 2026 |
| Zabi Nowaid General Counsel | 112K | $1.5M | 68% | 17% | Nov 6, 2025 to Sep 18, 2026 |
| Douglas Mellinger Director | 8K | $129K | 100% | 1% | Nov 10, 2025 to Jun 22, 2026 |
| Month | Sale proceeds | Disclosed plan | To cover taxes | No plan disclosed |
|---|---|---|---|---|
| Oct 2025 | $1.3M | $1.3M | $0 | $0 |
| Nov 2025 | $1.2M | $763K | $480K | $0 |
| Dec 2025 | $695K | $695K | $0 | $0 |
| Jan 2026 | $297K | $297K | $0 | $0 |
| Feb 2026 | $333K | $333K | $0 | $0 |
| Mar 2026 | $399K | $399K | $0 | $0 |
| Apr 2026 | $1.0M | $1.0M | $0 | $0 |
| May 2026 | $621K | $621K | $0 | $0 |
| Jun 2026 | $832K | $832K | $0 | $0 |
| Jul 2026 | $575K | $575K | $0 | $0 |
| Aug 2026 | $501K | $501K | $0 | $0 |
| Sep 2026 | $599K | $599K | $0 | $0 |
| Oct 2026 | $309K | $309K | $0 | $0 |
In line with the past 5 years. 4 insiders sold; the average is 5 a year.
| 12 months ending | Shares sold | Insiders who sold | Proceeds |
|---|---|---|---|
| Oct 8, 2026 Latest 12 months | 710K | 4 | $8.7M |
| Oct 8, 2025 1 year earlier | 658K | 5 | $11.5M |
| Oct 8, 2024 2 years earlier | 179K | 7 | $936K |
| Oct 9, 2023 3 years earlier | 41K | 3 | $448K |
| Oct 9, 2022 4 years earlier | 83K | 1 | $3.1M |
| Oct 9, 2021 5 years earlier | 1.46M | 8 | $51.4M |
Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.
Salman Khan: holdings couldn't be fully reconciled (difference of -16,000 shares). Balance changed with no matching transaction and no footnote: -190,615 shares on Sep 17, 2026 (Direct). Filing, Sep 17, 2026
External context: we only cite outside events when a documented connection exists. None is shown for this period.
All 353 Forms 3, 4 and 5 filed for MARA Holdings, Inc. (SEC CIK 1507605) from Apr 25, 2012 to Oct 7, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages.
Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.
Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".