Form 4: Marpai Director Sagiv Shiv Increases Stake

Marpai Director Sagiv Shiv acquired 75,000 shares of Class A Common Stock through a Restricted Stock Unit grant, increasing his direct beneficial ownership to 222,000 shares.

Summary

• Sagiv Shiv, a Director of Marpai, Inc. (MRAI), acquired 75,000 shares of Class A Common Stock.
• The acquisition occurred on October 20, 2025, at a price of $0.00 per share, indicating a grant of Restricted Stock Units (RSUs).
• These RSUs are deemed fully vested on the issuance date.
• Following this transaction, Sagiv Shiv directly beneficially owns a total of 222,000 shares of Marpai, Inc. Class A Common Stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even if a grant, generally signals alignment of interests and potential confidence in the company's future. The increase in beneficial ownership is a positive indicator.

Positives

• A Director increasing their stake in the company can signal confidence in future performance.
• The acquisition of 75,000 shares by a director aligns management's interests with those of shareholders.

Negatives

• The shares were acquired at a $0.00 price, indicating a grant (e.g., RSU) rather than an open market purchase, which might be seen as a less strong signal of conviction compared to a cash purchase.

Future Outlook

NA

Industry Context

Insider transactions, particularly grants to directors, are a common component of executive compensation and retention strategies across various industries. While not an open market purchase, such grants aim to align the interests of key personnel with long-term shareholder value.

Corporate Governance

Related Party Transactions

• The grant of 75,000 shares of Class A Common Stock to Sagiv Shiv, a Director, constitutes a related party transaction as it involves compensation to a key management personnel.

Stakeholder Impact

• Shareholders may view the increased insider ownership as a positive signal of management's commitment and belief in the company's future prospects.
• Employees could perceive this as a sign of stability and management's long-term vision for the company.

Key Dates

Recommendation

While the increase in director ownership is generally a positive signal, the shares were acquired via a grant (RSUs at $0.00) rather than an open market purchase. This indicates a standard compensation event rather than a strong conviction buy, suggesting a 'hold' recommendation for existing investors, while new investors should conduct further due diligence beyond this single Form 4.

Keywords

Marpai, MRAI, Sagiv Shiv, Director, Insider Transaction, Form 4, Stock Grant, RSU, Beneficial Ownership, Corporate Governance, Rule 10b5-1