Form 4: Marpai Director Yaron Eitan Boosts Stake in Private Placement

Marpai Director Yaron Eitan acquired 100,000 shares of common stock and 200,000 warrants in a private placement, increasing his direct beneficial ownership.

Summary

• Yaron Eitan, a Director and 10% Owner of Marpai, Inc. (MRAI), participated in a private placement offering on November 7, 2025.
• The reporting person purchased 100,000 shares of Class A Common Stock and common warrants to purchase up to 200,000 additional shares of common stock.
• The purchase price for each share of common stock and accompanying common warrant was $1.00.
• The common warrants have an exercise price of $1.00 per share and are exercisable immediately following the closing of the private placement offering.
• The warrants will be exercisable for three years following the date of issuance, expiring on November 6, 2028.
• Following these transactions, Yaron Eitan directly beneficially owns 1,089,073 shares of Class A Common Stock and 200,000 derivative securities (warrants).

Sentiment

Score: 8

Explanation: The sentiment is highly positive due to a director and significant owner increasing their stake through a direct purchase in a private placement, signaling strong confidence in the company's future.

Positives

• A Director and 10% Owner increasing their stake in the company through a direct purchase signals strong confidence in the company's future prospects.
• The private placement provides capital to Marpai, Inc., which can be used for operational growth or other strategic initiatives.

Future Outlook

The common warrants acquired are exercisable immediately and remain valid for three years, indicating a long-term investment horizon for the reporting person.

Industry Context

Insider buying, particularly by a director and significant shareholder, is generally viewed by the market as a positive signal, suggesting management's belief in the company's undervalued stock or strong future performance. This transaction aligns with a broader trend of insiders demonstrating confidence in their companies.

Related Party Transactions

• Yaron Eitan, a Director and 10% Owner of Marpai, Inc., purchased securities directly from the company in a private placement offering.

Stakeholder Impact

• Shareholders may view this insider purchase as a positive indicator of management's confidence, potentially leading to increased investor interest and positive sentiment.
• The capital raised through the private placement benefits the company by providing additional funding for its operations and strategic initiatives.

Next Steps

• The common warrants can be exercised immediately following the closing of the private placement offering and for three years thereafter.

Key Dates

Recommendation

A seasoned investor would interpret a significant insider purchase by a director and 10% owner, especially in a private placement, as a strong vote of confidence in the company's future prospects and valuation. This action suggests that the insider believes the stock is undervalued or expects substantial positive developments, making it a compelling signal for a 'buy' recommendation.

Keywords

Marpai, MRAI, Yaron Eitan, Private Placement, Insider Buying, Common Stock, Warrants, Beneficial Ownership, Director, Equity Investment