4/A: Marpai Director Amends Beneficial Ownership Report

Marpai, Inc. Director Sagiv Shiv filed an amended Form 4 to correct the reported beneficial ownership of Class A Common Stock.

Summary

• Sagiv Shiv, a Director of Marpai, Inc. (MRAI), filed an amended Form 4 (Form 4/A) to correct a previous filing.
• The original Form 4, filed on September 15, 2025, incorrectly stated the total securities beneficially owned following reported transactions.
• This amendment clarifies that following the reported transaction, Sagiv Shiv beneficially owns 147,000 shares of Class A Common Stock.
• The reported transaction on August 19, 2025, involved the acquisition of 75,000 Restricted Stock Units (RSUs) at a price of $0.00.
• These 75,000 RSUs vest over nine months: 25,000 RSUs vested on the three-month anniversary of the grant date, 25,000 on the six-month anniversary, and 25,000 on the nine-month anniversary.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily serves to correct an administrative error in a previous report. While the underlying RSU grant is a positive for director incentive, the amendment itself is a procedural correction rather than a performance indicator.

Positives

• The grant of 75,000 Restricted Stock Units (RSUs) to Director Sagiv Shiv aligns management's interests with shareholder value creation.
• The company is demonstrating transparency by correcting an administrative error in a timely manner.

Negatives

• The necessity of filing an amendment indicates an initial administrative error in reporting beneficial ownership.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction, beyond the vesting schedule of the granted RSUs.

Management Comments

• Sagiv Shiv stated that the amendment was filed to correct an incorrect total of beneficially owned securities in the original Form 4.

Industry Context

This filing is a standard regulatory disclosure for insider transactions, common across all publicly traded companies. It reflects a director's equity compensation and ownership stake, which is a routine aspect of corporate governance and executive incentive structures in the industry.

Stakeholder Impact

• Shareholders benefit from increased transparency regarding director ownership and the correction of previously misstated information.
• The director's interests are further aligned with shareholders through the equity grant.

Next Steps

• Continued vesting of the remaining 50,000 RSUs on the six-month and nine-month anniversaries of the grant date.

Key Dates

Keywords

Marpai, MRAI, Form 4/A, Beneficial Ownership, Insider Transaction, Director, Equity, RSU, Amendment