Form 4: Marpai CEO Damien Lamendola Boosts Stake with Significant Stock Purchase

Marpai, Inc. CEO Damien Lamendola reported a purchase of 86,805 shares of Class A Common Stock at $1.152 per share, increasing his beneficial ownership to over 6.7 million shares.

Summary

• Damien Lamendola, Chief Executive Officer, Director, and 10% Owner of Marpai, Inc. (MRAI), reported a purchase of 86,805 shares of Class A Common Stock.
• The transaction occurred on July 17, 2025, at a price of $1.152 per share.
• Following this acquisition, Mr. Lamendola's total beneficial ownership in Marpai, Inc. increased to 6,736,136 shares of Class A Common Stock.
• His beneficial ownership includes 5,004,462 shares held indirectly through HillCour Investment Fund, LLC, 800,000 shares held directly, and 931,674 shares held indirectly through WellEnterprises USA, LLC.
• The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.

Sentiment

Score: 8

Explanation: The purchase of a significant number of shares by the CEO and 10% owner indicates strong insider confidence and positive outlook for the company.

Positives

• Chief Executive Officer and 10% owner Damien Lamendola increased his stake in Marpai, Inc. by purchasing 86,805 shares, signaling strong insider confidence in the company's future prospects.
• The acquisition further aligns management's interests with those of shareholders, as Mr. Lamendola's total beneficial ownership now stands at 6,736,136 shares.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-planned and structured approach to stock acquisition.

Future Outlook

NA

Management Comments

• The purchase of additional shares by Chief Executive Officer Damien Lamendola reflects his continued conviction in Marpai, Inc.'s strategic direction and value.

Industry Context

NA

Related Party Transactions

• Damien Lamendola's beneficial ownership includes shares held indirectly through HillCour Investment Fund, LLC, where he serves as Manager and holds voting and dispositive power.
• Additional shares are held indirectly through WellEnterprises USA, LLC, a wholly-owned subsidiary of HillCour, Inc., which is wholly owned by HillCour Holding Corporation, a corporation controlled by Mr. Lamendola, who also holds voting and dispositive power over these securities.

Stakeholder Impact

• Shareholders may interpret the CEO's increased equity stake as a strong vote of confidence in Marpai, Inc.'s long-term value and strategic direction.

Key Dates

Recommendation

Keywords

Marpai, MRAI, insider trading, Form 4, stock purchase, CEO, beneficial ownership, Damien Lamendola, Rule 10b5-1