Form 4: Marpai CFO Boosts Stake with 275,000 Share Grant

Marpai Inc.'s Chief Financial Officer, Steve Johnson, acquired 275,000 shares of Class A Common Stock, increasing his direct beneficial ownership to 898,092 shares.

Summary

• Steve Andrew Johnson, Chief Financial Officer of Marpai, Inc. (MRAI), acquired 275,000 shares of Class A Common Stock.
• The transaction occurred on October 20, 2025, and the shares were acquired at a price of $0 per share.
• The acquisition represents Restricted Stock Units (RSUs) that were deemed fully vested on the issuance date.
• Following this transaction, Mr. Johnson directly beneficially owns a total of 898,092 shares of Class A Common Stock.
• The filing was made pursuant to Section 16(a) of the Securities Exchange Act of 1934.

Sentiment

Score: 7

Explanation: The acquisition of a significant number of shares by the CFO, even as an RSU grant, is generally a positive signal as it increases insider ownership and aligns management's interests with shareholders.

Positives

• Increased insider ownership by a key executive, the Chief Financial Officer, which can signal confidence in the company's future.
• The acquisition of 275,000 shares significantly increases the CFO's direct stake, aligning his interests more closely with shareholders.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Industry Context

Insider buying, particularly by a Chief Financial Officer, is often viewed by the market as a positive indicator, suggesting that management believes the company's stock is undervalued or that significant positive developments are anticipated. This aligns the executive's personal financial success with the company's performance.

Related Party Transactions

• The acquisition of 275,000 shares of Class A Common Stock by Chief Financial Officer Steve Johnson at a $0 price represents an RSU grant, which is a transaction between the company and a related party (an executive).

Stakeholder Impact

• Shareholders: Increased insider ownership can enhance confidence and signal management's commitment to the company's long-term success, potentially leading to a positive perception of stock value.
• Employees: May view the executive's increased stake as a sign of stability and belief in the company's future.

Key Dates

Recommendation

The significant increase in the Chief Financial Officer's direct beneficial ownership, even through an RSU grant, demonstrates a strong alignment of interests between management and shareholders. This insider acquisition can be interpreted as a positive signal of confidence in Marpai's future prospects and operational performance, making it a favorable indicator for potential investors.

Keywords

Marpai, MRAI, Insider Transaction, Form 4, Beneficial Ownership, Stock Acquisition, Chief Financial Officer, Restricted Stock Units, Executive Compensation