Summary by Moomoo AI
Marathon Digital Holdings director Douglas K. Mellinger plans to sell 1,000 shares of common stock on 12/12/2024, with an estimated market value of $23,800. The shares were acquired on 01/18/2023 through a restricted stock vesting as part of compensation from the issuer.This sale is part of a planned transaction, with the instruction given on 05/13/2024. Over the past three months, Mellinger has sold a total of 3,000 shares in three separate transactions, generating gross proceeds of $56,830. The most recent sale on 11/12/2024 involved 1,000 shares for $24,060.The consistent pattern of selling 1,000 shares monthly since September 2024 suggests a structured selling plan. The upcoming sale maintains this pattern, potentially indicating a predetermined strategy for gradual stock divestment by the director.