Vincent S. Capone - Apr 30, 2025 Form 4 Insider Report for Spectral AI, Inc. (MDAI)

Role: CFO and General Counsel
Signature: /s/ Vincent S. Capone
Stock symbol: MDAI
Transactions as of: Apr 30, 2025
Transactions value $: $0
Form type: 4
Date filed: 4/30/2025, 05:02 PM
Previous filing: Jul 9, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MDAI	Common Stock	Award	$0	+100K	+507.61%	$0.00	120K	Apr 30, 2025	Direct	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	MDAI	ISO						62K	Apr 30, 2025	Common Stock	62K	$4.36	Direct	F2
holding	MDAI	NQSO						7.06K	Apr 30, 2025	Common Stock	7.06K	$4.36	Direct	F2
holding	MDAI	ISO						6.12K	Apr 30, 2025	Common Stock	6.12K	$4.41	Direct	F3
holding	MDAI	NQSO						12.2K	Apr 30, 2025	Common Stock	12.2K	$4.41	Direct	F3
holding	MDAI	ISO						6.58K	Apr 30, 2025	Common Stock	6.58K	$5.47	Direct	F4
holding	MDAI	NQSO						13.2K	Apr 30, 2025	Common Stock	13.2K	$5.47	Direct	F4
holding	MDAI	Restricted Stock Unit						50K	Apr 30, 2025	Common Stock	50K	$0.00	Direct	F5
holding	MDAI	NQSO						75K	Apr 30, 2025	Common Stock	75K	$1.20	Direct	F6

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

Explanation of Responses:

Id	Content
F1	The total includes 100,000 restricted stock units ("RSUs"), which are fully vested and were issued on 4/28/2025.
F2	33% of the stock options vested on 5/6/2023, 33% vested on 5/6/2024, and the remainder vest on 6/5/2025.
F3	33% of the stock options vested on 4/13/2024, 33% vested on 4/13/2025, and the remainder vest on 4/13/2026.
F4	33% of the stock options vest on 6/29/2024, 33% vest on 6/29/2025, and the remainder vest on 6/25/2026.
F5	All of the RSUs will vest on 12/31/2025.
F6	33% of the stock options vest monthly over a 12-month period beginning on 4/1/2025. The remainder vest pursuant to certain performance-based metrics.