Form 4: Marpai CEO Boosts Stake with Share Purchase

Marpai, Inc. CEO Damien Lamendola acquired 147,058 shares of Class A Common Stock, increasing his beneficial ownership.

Summary

• Damien Lamendola, Chief Executive Officer, Director, and 10% Owner of Marpai, Inc. (MRAI), acquired 147,058 shares of Class A Common Stock.
• The transaction occurred on September 30, 2025, at a price of $1.36 per share.
• This purchase was made pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
• Following this transaction, Mr. Lamendola beneficially owns a total of 7,351,567 shares of Class A Common Stock indirectly.
• This indirect ownership includes 6,419,893 shares held by HillCour Investment Fund, LLC, and 931,674 shares held by WellEnterprises USA, LLC, both entities controlled by Mr. Lamendola.

Sentiment

Score: 8

Explanation: The acquisition of a significant number of shares by the CEO, who is also a 10% owner and director, indicates strong insider confidence. This is generally viewed very positively by the market, suggesting management believes the stock is undervalued or expects positive future performance.

Positives

• Marpai CEO Damien Lamendola acquired 147,058 shares of Class A Common Stock, signaling management's confidence in the company's future.
• The purchase was made at $1.36 per share, representing a direct investment by a key insider.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned investment strategy.

Future Outlook

This Form 4 filing reports a past transaction and does not contain explicit forward-looking statements or guidance from the company.

Industry Context

Insider purchases, particularly by a CEO and significant owner, are generally viewed as a positive signal in the market. Such actions suggest that management perceives the company's stock as undervalued or anticipates favorable future developments, potentially differentiating the company from competitors where insider selling might be observed.

Related Party Transactions

• Damien Lamendola's beneficial ownership includes shares held indirectly through HillCour Investment Fund, LLC and WellEnterprises USA, LLC, both entities controlled by Mr. Lamendola.

Stakeholder Impact

• Shareholders: The insider purchase provides a positive signal of confidence from top management, which could lead to increased investor interest and potential share price appreciation.
• Employees: May boost morale and confidence in the company's stability and future direction.

Key Dates

Recommendation

The significant share purchase by the CEO, who is also a 10% owner, is a strong indicator of insider confidence. This action suggests that management believes the company's stock is currently undervalued and has substantial upside potential, making it an attractive buying opportunity for investors.

Keywords

Marpai, MRAI, Damien Lamendola, insider trading, Form 4, CEO, share purchase, beneficial ownership, 10b5-1 plan, equity acquisition