SEAPORT GLOBAL ASSET MANAGEMENT LLC - 02 Jan 2025 Form 3 Insider Report for ScanTech AI Systems Inc. (STAI)

Role: 10%+ Owner
Signature: /s/ Stephen C. Smith - for Seaport Global Asset Management LLC, By: Stephen C. Smith, Authorized Signatory
Issuer symbol: STAI
Transactions as of: 02 Jan 2025
Net transactions value: $0
Form type: 3
Filing time: 17 Jan 2025, 15:52:46 UTC
Next filing: 08 May 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	STAI	Common Stock, par value $0.0001 per share						5,554,792	02 Jan 2025	See footnote	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	STAI	Convertible Promissory Note							02 Jan 2025	Common Stock	303,951	$0.000000	See footnotes	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares held directly by Seaport Group SIBS LLC ("SIBS"). SIBS is managed by Seaport Global Asset Management LLC ("SGAM").
F2	On December 31, 2024, SIBS and the Issuer entered into a senior unsecured promissory note (the "Promissory Note"), pursuant to which SIBS provided the Issuer with an investment of $1 million as transaction financing in connection with the Issuer's business combination (the "Business Combination"). SIBS will receive 303,951 shares of the Issuer's Common Stock as repayment of the investment under the Promissory Note, including any and all accrued interest, with such shares being issuable and registered at the time of the Issuer's filing of a follow-on registration statement immediately following the consummation of the Business Combination. The Promissory Note becomes payable on June 29, 2025 and does not have an expiration date.

Content

Shares held directly by Seaport Group SIBS LLC ("SIBS"). SIBS is managed by Seaport Global Asset Management LLC ("SGAM").

On December 31, 2024, SIBS and the Issuer entered into a senior unsecured promissory note (the "Promissory Note"), pursuant to which SIBS provided the Issuer with an investment of $1 million as transaction financing in connection with the Issuer's business combination (the "Business Combination"). SIBS will receive 303,951 shares of the Issuer's Common Stock as repayment of the investment under the Promissory Note, including any and all accrued interest, with such shares being issuable and registered at the time of the Issuer's filing of a follow-on registration statement immediately following the consummation of the Business Combination. The Promissory Note becomes payable on June 29, 2025 and does not have an expiration date.