Frederick Thiel's Stock Sales in The Thiel Living Trust

Frederick Thiel, an officer and director of MARA Holdings, Inc., has reported the sale of 27,505 common shares on October 17, 2025, through The Thiel Living Trust, where he serves as a trustee and account stakeholder. The shares were acquired on January 31, 2024, as part of restricted stock vesting. The aggregate market value of the shares sold is $538,272.85. Additionally, Thiel has sold the same number of shares in the past three months, with sales occurring on August 18, September 16, and September 17, 2025, generating gross proceeds of $420,276.40, $449,706.75, and $478,036.90, respectively. The sales were executed through Fidelity Brokerage Services LLC.