Damien Lamendola - 14 Dec 2021 Form 4 Insider Report for Marpai, Inc. (MRAI)

Role: Director, 10%+ Owner
Signature: By: /s/ Damien Lamendola
Issuer symbol: MRAI
Transactions as of: 14 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 16 Dec 2021, 07:55:05 UTC
Previous filing: 04 Nov 2021
Next filing: 16 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRAI	Class A Common Stock	Exercise of in-the-money or at-the-money derivative security	$900,000	+225,000	+12%	$4.00^*	2,162,968	14 Dec 2021	See Fotenote	F1
holding	MRAI	Class A Common Stock						3,726,695	14 Dec 2021	See Fotenote	F2

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
transaction	MRAI	Class A Common Stock Warrants (to buy)	Exercise of in-the-money or at-the-money derivative security	$900,000	-225,000	-100%	$4.00^*	0	14 Dec 2021	Class A Common Stock	225,000	$4.00	See Fotenote	F1
holding	MRAI	Class A Common Stock Warrants						364,466	14 Dec 2021	Class A Common Stock	364,466	$1.43	See Fotenote	F2

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

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.