John Paul Powers - 24 May 2024 Form 4 Insider Report for Marpai, Inc. (MRAI)

Signature
/s/ John Paul Powers
Issuer symbol
MRAI
Transactions as of
24 May 2024
Transactions value $
$11,300
Form type
4
Filing time
09 Dec 2024, 17:15:20 UTC
Previous filing
18 Jan 2024
Next filing
12 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRAI Class A Common Stock Award $0 +100,000 +66.7% $0.000000 250,000 24 May 2024 Direct F1
transaction MRAI Class A Common Stock Purchase $11,300 +10,000 +4% $1.13 260,000 05 Dec 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 The RSUs vest at the date when the company achieves year end unadjusted EBITDA of $5 million or more, conditioned on reporting person being an employee in good standing as of the vesting date.