secwatch.observer — SEC 8-K summary
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Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001493152-25-008760
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000149315225008760/0001493152-25-008760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000149315225008760/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-008760

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