Form 4: Marpai CEO Damien Lamendola Increases Stake in Company

Marpai's CEO, Damien Lamendola, recently purchased 10,000 shares of Class A Common Stock, increasing his direct and indirect holdings in the company.

Summary

• Damien Lamendola, CEO of Marpai, Inc., filed a Form 4 disclosing changes in his beneficial ownership of the company's stock.
• On May 10, 2024, Lamendola purchased 10,000 shares of Class A Common Stock at a weighted average price of $2.4899 per share, with prices ranging from $2.40 to $2.60.
• Following the transaction, Lamendola directly owns 210,000 shares of Class A Common Stock.
• He also indirectly owns 2,861,306 shares through HillCour Investment Fund, LLC, where he is the Manager.
• Additionally, he indirectly owns 931,674 shares 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.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The CEO's purchase of shares is generally a positive sign, indicating confidence in the company. However, it's a routine transaction and doesn't provide significant new information about the company's performance.

Positives

• The CEO's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, allowing investors to track changes in ownership and potential alignment of interests.

Stakeholder Impact

• The increased stake of the CEO could potentially reassure shareholders.

Key Dates

Keywords

Marpai, Damien Lamendola, Form 4, Beneficial Ownership, Class A Common Stock, HillCour Investment Fund, WellEnterprises USA