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MARA MARA Holdings, Inc.

Last updated: May 11, 2026

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Execution Consistency

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 3/4 quarters. Q3 2025: $6M, Q2 2025: $7M, Q1 2025: $17M, Q3 2024: $0M

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Execution Acceleration

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $6M vs trailing avg $8M (-24%)

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Buyback vs FCF

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-275M), buybacks not supported by cash flow

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Buyback Intensity

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

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Insider Buying

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

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Insider-Buyback Convergence

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

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Insider Net Direction

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $2M in the last 90 days (net selling)

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Red Flag

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 12317512.5x more than bought. 2 C-suite officers among sellers

  • Thiel Frederick G (Chief Executive Officer) sold 27,505 shares on 2026-04-17
  • Khan Salman Hassan (Chief Financial Officer) sold 16,000 shares on 2026-04-17
  • Thiel Frederick G (Chief Executive Officer) sold 27,505 shares on 2026-03-17
  • Khan Salman Hassan (Chief Financial Officer) sold 16,000 shares on 2026-03-17
  • Khan Salman Hassan (Chief Financial Officer) sold 16,000 shares on 2026-02-17
  • Thiel Frederick G (Chief Executive Officer) sold 27,505 shares on 2026-02-17
  • Thiel Frederick G (Chief Executive Officer) sold 27,505 shares on 2026-01-20
  • Thiel Frederick G (Chief Executive Officer) sold 27,505 shares on 2025-12-17
  • Khan Salman Hassan (Chief Financial Officer) sold 34,732 shares on 2025-12-15
  • Khan Salman Hassan (Chief Financial Officer) sold 34,732 shares on 2025-11-17