Form 4: Marpai Director Michael Dendy Sells Shares in Multiple Transactions

Michael Dendy, a director at Marpai, Inc., sold shares of Class A Common Stock in multiple transactions on May 10, 2024.

Summary

• On May 10, 2024, Michael Dendy, a director of Marpai, Inc., sold shares of Class A Common Stock.
• He sold 2,371 shares at a weighted average price of $2.4046, with individual prices ranging from $2.40 to $2.44.
• Additionally, he sold 42,752 shares at a weighted average price of $2.3172, with individual prices ranging from $2.24 to $2.42.
• Following these transactions, Dendy directly owns 61,098 shares and indirectly owns 17,629 shares through a charitable remainder trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales by a company director. It doesn't inherently convey positive or negative sentiment, but the market may interpret insider selling as slightly negative.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, buy or sell their company's stock. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• Shareholders may react to the news of a director selling shares, potentially influencing the stock price.

Key Dates

Keywords

Marpai, Michael Dendy, Form 4, Share Sale, Director, MRAI, Class A Common Stock, Beneficial Ownership