---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-008760"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2025-02-28T23:59:59+00:00"
generated_at: "2026-05-25T23:00:13.083610+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# MARA Holdings approves new RSU/PSU award agreements with modified vesting and performance targets

## Summary
- RSUs: 30% vest immediately on grant date; remaining 70% vest in equal installments over three years.
- PSUs subject to performance targets: Hashrate Hours, Total Exahash, Megawatts (Operational PSUs) or relative TSR.
- Operational PSUs vest quarterly over three years starting Q1 of year 2; Relative TSR PSUs vest fully at two years.
- Maximum payout for PSUs is 249% of target shares; change-of-control provisions accelerate vesting at target.
- New forms approved on February 28, 2025 under the Amended and Restated 2018 Equity Incentive Plan.

## SEC filing metadata
- accession: 0001493152-25-008760
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2025-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000149315225008760/0001493152-25-008760-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000149315225008760/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-008760
- JSON: https://secwatch.observer/filing/0001493152-25-008760.json
- Plain text: https://secwatch.observer/filing/0001493152-25-008760.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.