Damien Lamendola - 16 Jan 2024 Form 4 Insider Report for Marpai, Inc. (MRAI)

Signature
/s/ Damien Lamendola
Issuer symbol
MRAI
Transactions as of
16 Jan 2024
Net transactions value
+$1,012,110
Form type
4
Filing time
17 Jan 2024, 16:01:20 UTC
Previous filing
18 Dec 2023
Next filing
08 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRAI Class A Common Stock Purchase $1,012,110 +1,100,000 +129% $0.9201 1,951,306 16 Jan 2024 See Footnote F1
holding MRAI Class A Common Stock 931,674 16 Jan 2024 See Footnote F2
holding MRAI Class A Common Stock 200,000 16 Jan 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Held by HillCour Investment Fund, LLC, of which Mr. Lamendola is the Manager, and holds the voting and dispositive power over the securities held by HillCour Investment Fund, LLC.
F2 Held by WellEnterprises USA, LLC, a wholly owned subsidiary of HillCour, Inc., which is wholly owned by HillCour Holding Corporation, a corporation controlled by Mr. Lamendola. Mr. Lamendola holds the voting and dispositive power over the securities held by WellEnterprises USA, LLC.