MARA Holdings Inc SEC Filings

Mantle Ridge LP, MR Cobalt Advisor LLC and Paul C. Hilal filed Amendment No. 5 to their Schedule 13D on Dollar Tree (DLTR) dated 15 July 2025. The group continues to hold 13,640,904 common shares (6.5% beneficial ownership) and maintains total economic exposure to 23,296,508 shares (11.2% of shares outstanding) through cash- and physically-settled forward structures.

On 11 July 2025 the “Participating MR Funds” exercised expiring option agreements with an aggregate strike payment of $889.6 million. Rather than taking delivery, the parties converted the options into new cash-settled and physically-settled forward contracts that mirror the previous exposure, leaving voting and dispositive power unchanged.

The exercise was funded via a $918.1 million secured loan facility from an unaffiliated institution. The loan is collateralised by 10,982,616 pledged shares plus derivatives referencing 10,268,954 shares, but notably contains no margin-call or price-trigger provisions. Voting rights on pledged shares remain with Mantle Ridge unless a foreclosure event occurs.

No additional share purchases or sales were reported; the amendment primarily updates the capital-markets mechanics (option conversion, loan facility) and confirms current ownership percentages. Exhibits include the joint filing agreement, trading data and templates for the derivative contracts.

Amended insider filing: AeroVironment (AVAV) submitted a Form 4/A for Trace E. Stevenson, President – Autonomous Systems, correcting a clerical error made in the original 27 June 2025 filing. The officer actually received 1,174 restricted stock awards (RSAs) on that date at $0 cost, not the larger amount previously reported. The RSAs vest in three equal installments on 11 July 2026, 2027 and 2028. After the correction, Stevenson’s direct beneficial ownership is 7,133 common shares rather than 8,140. No open-market purchases or sales occurred; the filing merely aligns reported holdings with the true grant size. The change is modest relative to AeroVironment’s total shares outstanding and has no direct earnings impact, but it restores disclosure accuracy and compliance with Section 16 requirements.

Amended insider filing: AeroVironment (AVAV) submitted a Form 4/A for Trace E. Stevenson, President – Autonomous Systems, correcting a clerical error made in the original 27 June 2025 filing. The officer actually received 1,174 restricted stock awards (RSAs) on that date at $0 cost, not the larger amount previously reported. The RSAs vest in three equal installments on 11 July 2026, 2027 and 2028. After the correction, Stevenson’s direct beneficial ownership is 7,133 common shares rather than 8,140. No open-market purchases or sales occurred; the filing merely aligns reported holdings with the true grant size. The change is modest relative to AeroVironment’s total shares outstanding and has no direct earnings impact, but it restores disclosure accuracy and compliance with Section 16 requirements.

Amended insider filing: AeroVironment (AVAV) submitted a Form 4/A for Trace E. Stevenson, President – Autonomous Systems, correcting a clerical error made in the original 27 June 2025 filing. The officer actually received 1,174 restricted stock awards (RSAs) on that date at $0 cost, not the larger amount previously reported. The RSAs vest in three equal installments on 11 July 2026, 2027 and 2028. After the correction, Stevenson’s direct beneficial ownership is 7,133 common shares rather than 8,140. No open-market purchases or sales occurred; the filing merely aligns reported holdings with the true grant size. The change is modest relative to AeroVironment’s total shares outstanding and has no direct earnings impact, but it restores disclosure accuracy and compliance with Section 16 requirements.

Affirm Holdings, Inc. (AFRM) – Insider Transaction Form 4

On 07/07/2025, Chief Financial Officer Robert O’Hare reported the sale of 19,802 Class A common shares at a weighted-average price of $70.03 (range $70.00-$70.21) under a Rule 10b5-1 trading plan adopted 12/06/2024. After the sale, the filing lists 0 shares beneficially owned.

• Transaction code: S (open-market sale)
• Form filed on 07/09/2025; only non-derivative shares affected
• No derivative positions were reported

The filing signals full divestiture by the company’s CFO while confirming adherence to SEC 10b5-1 safe-harbor procedures.

Form 144 filed for MARA Holdings, Inc. discloses that Doug Mellinger intends to sell 1,000 common shares through Fidelity Brokerage Services on or about 07/07/2025. The aggregate market value of the proposed sale is $17,420, based on the filing’s reference price of $17.42 per share. The company has 351,927,748 shares outstanding, so the planned sale represents roughly 0.0003 % of the float.

The filing also lists prior dispositions: Mellinger sold 1,000 shares on 06/06/2025 for $16,000 and 3,000 shares on 05/09/2025 for $48,000, totaling 4,000 shares in the past three months. All shares being offered were originally acquired via restricted-stock vesting on 04/19/2021 (163 shares) and 01/31/2025 (837 shares) as compensation.

No additional company performance data, earnings metrics, or strategic disclosures accompany the notice. Given the minimal size of the transaction relative to MARA’s market capitalization, the filing appears routine and unlikely to affect the firm’s financial outlook or share-price dynamics.

MARA (Nasdaq:MARA) filed an 8-K detailing the 26 June 2025 annual meeting results.

• Say-on-Pay FAILED: 73.2 M votes against vs 20.2 M for (≈78% opposition).
• Equity Plan Expanded: shareholders approved adding 18,000,000 shares to the 2018 Equity Incentive Plan.
• Directors Elected: Georges Antoun and Jay Leupp re-elected to Class II seats.
• Auditor Ratified: PwC confirmed for FY 2025 (183.7 M for).

Total of 188.3 M shares were represented, satisfying quorum. The failed advisory vote signals material shareholder dissatisfaction with executive compensation, while the additional share authorization could be dilutive.

Form 4 filing – MARA Holdings, Inc. (ticker: MARA)

Chief Executive Officer and Director Frederick G. Thiel reported one open-market sale of common stock on 16 June 2025. The transaction, executed under a previously adopted Rule 10b5-1 trading plan (established 18 June 2024), involved 27,505 shares at an average price of $15.30 per share, implying gross proceeds of roughly $420 thousand. Following the sale, Thiel continues to hold 3,983,593 shares, so the disposition represents approximately 0.7 % of his reported direct ownership.

The filing does not list any derivative security activity and contains no additional footnotes beyond confirmation that the transaction was executed pursuant to the 10b5-1 plan.

Because the sale is small relative to the insider’s remaining stake and was pre-planned, the market impact is likely to be limited. Nevertheless, investors often monitor insider trends for signals regarding executive sentiment and future expectations.