Nadji Hessam exercised Options for 30,000 Marcus & Millichap shares, forfeited 15,264 shares and gifted 700 shares across transactions dated September 10 and September 14. The reported actions left Hessam with 314,018 shares and 60,000 derivative securities, giving investors a precise view of the CEO’s updated ownership.

Key Highlights

  • Nadji Hessam forfeited 15,264 Marcus & Millichap shares on September 10.
  • A gift of 700 shares on September 14 left Hessam with 314,018 shares.
  • The option exercise represented about 33.3% of Hessam’s prior derivative securities holding.

Nadji Hessam’s Marcus & Millichap ownership stood at 314,018 shares after transactions dated September 10 and September 14. The chief executive officer also held 60,000 derivative securities following the option-related activity.

Option Exercise and Share Transfers

The September 10 option exercise covered 30,000 shares and left Hessam with 329,982 shares. The same date brought a forfeiture of 15,264 shares, after which the reported holding was 314,718 shares. Hessam then gifted 700 shares on September 14, reducing the reported share ownership to 314,018.

Reported Ownership Changes

The option exercise represented about 9.1% of the resulting share holding. The forfeiture equaled about 4.6% of the prior share holding, while the gift represented about 0.2% of the prior holding. The derivative-securities exercise represented about 33.3% of Hessam’s prior derivative-securities holding and left 60,000 derivative securities.