MARA Holdings, Inc.: 4 insiders sold stock with $8.7M in known values from Oct 14, 2025 to Oct 14, 2026, and the top-paid officer's 2025 pay was $27.1M.

Every Form 4 sale as filed, every proxy pay year, no matched open-market purchases; the selected window within captured filings. Fred Thiel's 2025 pay is 0.62% of the $4.37B market capitalization on Sep 4, 2026. Definitions

Totals cover the selected window, not complete lifetime history. Coverage: ownership filings predate the window. USD totals sum known values only. 0 sold shares lack a USD value, including 0 shares with no stated price; those shares remain counted.

MARA people

DEF 14A filed Apr 30, 2026

9 people at MARA Holdings, Inc., largest seller first; pay is the latest year of the proxy's table, sales and purchases cover the twelve-month window.

Person	Latest pay	Sold (known USD)	Shares sold	Sales	Bought	Last sale
Fred ThielChief Executive Officer and Chairman of the Board; director; officer (Chief Executive Officer)	$27.1M2025	$4.1M$4.1M under a plan	357,565	13	none	Oct 1, 2026
Salman KhanChief Financial Officer; officer (Chief Financial Officer)	$18.9M2025	$3M$3M under a plan	232,196	11	none	Sep 17, 2026
Zabi NowaidGeneral Counsel and Corporate Secretary; officer (General Counsel)	$6.1M2025	$1.5M$1M under a plan	112,468	9	none	Sep 18, 2026
Douglas K Mellingerdirector	not in the proxy	$128.6K$128.6K under a plan	8,000	2	none	Jun 22, 2026
Barbara Humptondirector	not in the proxy	none	none	0	none	no sale
Georges Antoundirector	not in the proxy	none	none	0	none	no sale
Janet Georgedirector	not in the proxy	none	none	0	none	no sale
Jay P Leuppdirector	not in the proxy	none	none	0	none	no sale
Vicki Mealer-Burkedirector	not in the proxy	none	none	0	none	no sale

MARA officer changes

Definitions

0 changes of executive office in the 3 reports carrying Item 5.02 that MARA Holdings, Inc. filed after Dec 31, 2025, in its filings through Oct 7, 2026.

3 reports with no change of executive office

Two directors resigned effective July 31, 2026 and two were appointed August 1, 2026; no executive office changed.	8-K filed Aug 4, 2026
Stockholders added 18,000,000 shares to the 2018 equity plan, effective June 18, 2026; no executive office changed.	8-K filed Jun 22, 2026
New forms of restricted and performance stock unit award agreements, approved February 20, 2026; no executive office changed.	8-K filed Feb 25, 2026

MARA: every sale and every pay year

Each MARA Holdings, Inc. person's sales as filed, newest first, and each year of the proxy's table; 35 sales in all.

Fred Thiel Chief Executive Officer and Chairman of the Board; director; officer (Chief Executive Officer)

Sold 357,565 shares with $4.1M in known values across 13 sales between Oct 17, 2025 and Oct 1, 2026, $4.1M of it under a 10b5-1 plan. Filed as Thiel Frederick G.

13 sales

Date	Shares	Price	Value	Terms	Form 4
Oct 1, 2026	27,505	$11.22	$308.6K	10b5-1 plan	filed Oct 2, 2026
Sep 17, 2026	27,505	$11.45	$314.9K	10b5-1 plan	filed Sep 18, 2026
Aug 17, 2026	27,505	$9.21	$253.3K	10b5-1 plan	filed Aug 19, 2026
Jul 17, 2026	27,505	$10.90	$299.8K	10b5-1 plan	filed Jul 20, 2026
Jun 17, 2026	27,505	$14.25	$391.9K	10b5-1 plan	filed Jun 22, 2026
May 18, 2026	27,505	$12.00	$330.1K	10b5-1 plan	filed May 20, 2026
Apr 17, 2026	27,505	$11.68	$321.3K	10b5-1 plan	filed Apr 21, 2026
Mar 17, 2026	27,505	$9.18	$252.5K	10b5-1 plan	filed Mar 19, 2026
Feb 17, 2026	27,505	$7.66	$210.7K	10b5-1 plan	filed Feb 19, 2026
Jan 20, 2026	27,505	$10.80	$297.1K	10b5-1 plan	filed Jan 22, 2026
Dec 17, 2025	27,505	$10.77	$296.2K	10b5-1 plan	filed Dec 19, 2025
Nov 17, 2025	27,505	$11.99	$329.8K	10b5-1 plan	filed Nov 19, 2025
Oct 17, 2025	27,505	$19.57	$538.3K	10b5-1 plan	filed Oct 20, 2025

Pay by year, 3 years

Year	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	All other	Total
2025	$978.5K	$0	$19.5M	not printed	$2.2M	$4.4M	$27.1M
2024	$950K	$0	$40.1M	not printed	$2M	$201.4K	$43.2M
2023	$800K	$1.8M	$33.5M	not printed	$0	$9.9K	$36.1M

Salman Khan Chief Financial Officer; officer (Chief Financial Officer)

Sold 232,196 shares with $3M in known values across 11 sales between Oct 15, 2025 and Sep 17, 2026, $3M of it under a 10b5-1 plan. Filed as Khan Salman Hassan.

11 sales

Date	Shares	Price	Value	Terms	Form 4
Sep 17, 2026	16,000	$11.45	$183.2K	10b5-1 plan	filed Sep 18, 2026
Aug 17, 2026	16,000	$9.21	$147.4K	10b5-1 plan	filed Aug 19, 2026
Jul 17, 2026	16,000	$10.90	$174.4K	10b5-1 plan	filed Jul 20, 2026
Jun 17, 2026	16,000	$14.25	$228K	10b5-1 plan	filed Jun 22, 2026
May 18, 2026	16,000	$12.00	$192K	10b5-1 plan	filed May 20, 2026
Apr 17, 2026	16,000	$11.68	$186.9K	10b5-1 plan	filed Apr 21, 2026
Mar 17, 2026	16,000	$9.18	$146.9K	10b5-1 plan	filed Mar 19, 2026
Feb 17, 2026	16,000	$7.66	$122.6K	10b5-1 plan	filed Feb 19, 2026
Dec 15, 2025	34,732	$11.48	$398.7K	10b5-1 plan	filed Dec 17, 2025
Nov 17, 2025	34,732	$11.99	$416.4K	10b5-1 plan	filed Nov 19, 2025
Oct 15, 2025	34,732	$22.74	$789.8K	10b5-1 plan	filed Oct 17, 2025

Pay by year, 3 years

Year	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	All other	Total
2025	$643.8K	$0	$12.8M	not printed	$1.4M	$4M	$18.9M
2024	$625K	$0	$26.4M	not printed	$1.3M	$123.1K	$28.4M
2023	$241.1K	$623.4K	$20.2M	not printed	$0	$134.9K	$21.2M

Zabi Nowaid General Counsel and Corporate Secretary; officer (General Counsel)

Sold 112,468 shares with $1.5M in known values across 9 sales between Nov 6, 2025 and Sep 18, 2026, $1M of it under a 10b5-1 plan, $480.2K to cover tax withholding. Filed as Nowaid Zabi.

9 sales

Date	Shares	Price	Value	Terms	Form 4
Sep 18, 2026	8,376	$12.10	$101.3K	10b5-1 plan	filed Sep 18, 2026
Aug 21, 2026	8,376	$12.00	$100.5K	10b5-1 plan	filed Aug 21, 2026
Jul 20, 2026	8,376	$12.00	$100.5K	10b5-1 plan	filed Jul 20, 2026
Jun 17, 2026	7,000	$14.25	$99.8K	10b5-1 plan	filed Jun 22, 2026
May 18, 2026	8,250	$12.00	$99K	10b5-1 plan	filed May 20, 2026
Apr 17, 2026	42,090	$12.00	$505.1K	10b5-1 plan	filed Apr 21, 2026
Nov 10, 2025	25,023	$15.87	$397.1K	to cover tax withholding	filed Nov 10, 2025
Nov 10, 2025	90	$16.58	$1.5K	to cover tax withholding	filed Nov 10, 2025
Nov 6, 2025	4,887	$16.70	$81.6K	to cover tax withholding	filed Nov 10, 2025

Pay by year, 2 years

Year	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	All other	Total
2025	$386.3K	$0	$5.1M	not printed	$579.4K	$10.5K	$6.1M
2024	$375K	$125K	$10.6M	not printed	$525.9K	$9.8K	$11.6M

Douglas K Mellinger director

Sold 8,000 shares with $128.6K in known values across 2 sales between Nov 10, 2025 and Jun 22, 2026, $128.6K of it under a 10b5-1 plan. Filed as MELLINGER DOUGLAS K.

2 sales

Date	Shares	Price	Value	Terms	Form 4
Jun 22, 2026	7,000	$16.00	$112K	10b5-1 plan	filed Jun 24, 2026
Nov 10, 2025	1,000	$16.55	$16.6K	10b5-1 plan	filed Nov 12, 2025