Nowaid Zabi, General Counsel at MARA Holdings, Inc. (NASDAQ:MARA), executed a sale of 7,000 shares of the company's common stock on June 17, 2026. The transaction, valued at $99,750, occurred at a price of $14.25 per share. This sale follows a period of significant stock price appreciation for MARA, which has seen a 47% increase over the past six months and a 65% gain year-to-date, with the stock currently trading at $14.85.
The transaction was conducted under a Rule 10b5-1 trading plan established by Zabi on September 12, 2025. Following this sale, Zabi retains direct ownership of 963,768 shares of MARA common stock. The sale coincides with Marathon Digital Holdings reporting a substantial net loss of $1.3 billion for the first quarter of 2026, with earnings per share at negative $3.31, falling short of the projected negative $1.41. Revenue also missed expectations at $174.6 million against a forecast of $181.86 million. These financial results reflect ongoing challenges for the company.
Additionally, MARA shareholders approved an amendment to the 2018 Equity Incentive Plan, increasing authorized shares by 18,000,000, effective June 18. The shareholders also elected two Class III directors during the annual meeting. Meanwhile, cryptocurrency and blockchain-related stocks, including those of Marathon Digital, have been impacted as bitcoin's value dropped to its lowest level since October 2024.
InvestingPro analysis suggests MARA appears undervalued at current levels, though investors should note the stock's high volatility. For deeper insights into MARA's valuation and 11 additional ProTips, visit InvestingPro.
The company's stock performance is reflected in recent trading data. MARA closed at 14.85, up 0.63 (+4.43%), with after-hours trading showing a minor increase to 14.86 (+0.06, +0.06%). The stock's recent volatility is evident in its 1-day, 1-week, 1-month, 6-month, 1-year, 5-year, and max performance charts.