0001522767-24-000013.txt : 20240311
0001522767-24-000013.hdr.sgml : 20240311
20240311173047
ACCESSION NUMBER: 0001522767-24-000013
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240307
FILED AS OF DATE: 20240311
DATE AS OF CHANGE: 20240311
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Shaw Timothy
CENTRAL INDEX KEY: 0001866577
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-54433
FILM NUMBER: 24739294
MAIL ADDRESS:
STREET 1: C/O MARIMED INC
STREET 2: 10 OCEANA WAY
CITY: NORWOOD
STATE: MA
ZIP: 02062
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MARIMED INC.
CENTRAL INDEX KEY: 0001522767
STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833]
ORGANIZATION NAME: 03 Life Sciences
IRS NUMBER: 274672745
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 10 OCEANA WAY
STREET 2: 2ND FLOOR
CITY: NORWOOD
STATE: MA
ZIP: 02062
BUSINESS PHONE: 781-277-0007
MAIL ADDRESS:
STREET 1: 10 OCEANA WAY
STREET 2: 2ND FLOOR
CITY: NORWOOD
STATE: MA
ZIP: 02062
FORMER COMPANY:
FORMER CONFORMED NAME: WORLDS ONLINE INC.
DATE OF NAME CHANGE: 20110608
4
1
wk-form4_1710192624.xml
FORM 4
X0508
4
2024-03-07
0
0001522767
MARIMED INC.
MRMD
0001866577
Shaw Timothy
C/O MARIMED INC.
10 OCEANA WAY
NORWOOD,
MA
02062
0
1
0
0
Chief Operating Officer
1
Common stock
2024-03-07
4
M
0
43333
A
8492420
D
Common stock
2024-03-07
4
S
0
15348
0.2348
D
8477072
D
Common stock
2000000
I
By the Shaw Family Trust
Restricted Stock Units (RSU)
2024-03-07
4
M
0
43333
0
D
Common Stock, par value $.001 per share
43333
86667
D
RSUs convert to shares of common stock on a one-for-one basis.
Reflects shares of common stock sold pursuant to a Rule 10b5-1 instruction letter previously adopted by the Reporting Person on March 10, 2023 to satisfy tax withholding obligations in connection with the vesting of RSUs.
The reporting persons spouse is the trustee of the trust and the shares held in the trust are for the benefit of the reporting persons children. The trust is an irrevocable trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
The RSUs vest over a three year period of which 43,333 RSUs vested on March 7, 2024 and thereafter, 21,667 RSUs will vest every succeeding six (6) months through March 7, 2026, on each of September 7th and March 7th, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.
/s/ Timothy Shaw
2024-03-08