Summary by Futu AI
Marathon Digital Holdings, Inc.'s General Counsel, Zabi Nowaid, has filed an Initial Statement of Beneficial Ownership of Securities with the SEC, as per Form 3. The filing, dated May 1, 2024, indicates that Nowaid beneficially owns a total of 505,589 shares of Marathon Digital's common stock. This total includes 57,470 shares of common stock and 448,119 restricted stock units (RSUs), which are subject to vesting based on continuous service. The RSUs represent a contingent right to receive shares of common stock upon vesting. The form was signed by Nowaid on May 6, 2024, and was filed in accordance with Section 16(a) of the Securities Exchange Act of 1934.