SCHEDULE: Marti Technologies Insider Increases Stake to 17.1% Through Share Awards
Beneficial Ownership Amendment
Esra Unluaslan Durgun, a key individual at Marti Technologies, Inc., has increased her beneficial ownership to 17.1% of Class A Ordinary Shares, primarily through share awards for services rendered.
Summary
- Cankut Durgun and Esra Unluaslan Durgun are reporting beneficial ownership of Marti Technologies, Inc. Class A Ordinary Shares.
- They collectively beneficially own 13,259,818 Class A Ordinary Shares.
- This represents 17.1% of the Class A Ordinary Shares outstanding, based on 77,708,475 shares outstanding as of June 30, 2025.
- Esra Unluaslan Durgun is the record holder of 12,207,878 Class A Ordinary Shares and 1,051,940 Class A Ordinary Shares underlying restricted stock units that will vest within 60 days.
- The shares were acquired by Ms. Durgun through awards granted by the Issuer in consideration for services rendered.
- No transactions were effected by the reporting persons with respect to the Class A Ordinary Shares in the past 60 days.
Sentiment
Score: 7
Explanation: The filing indicates a significant and increasing insider stake, which is generally a positive signal of confidence in the company's future. The acquisition of shares through awards for services aligns management incentives with shareholder interests. No negative information is disclosed.
Positives
- Increased insider ownership, potentially signaling confidence in the company's future.
- Shares acquired as compensation for services, indicating continued alignment of management incentives with shareholder interests.
Industry Context
This filing indicates a significant insider stake in a technology company, common for founders or key executives in growth-oriented firms. The acquisition of shares through awards for services is a standard practice for aligning management incentives.
Related Party Transactions
- Esra Unluaslan Durgun acquired Class A Ordinary Shares pursuant to awards granted by Marti Technologies, Inc. in consideration for services rendered.
Stakeholder Impact
- Shareholders: Increased insider ownership may be viewed positively, signaling management's confidence and long-term commitment.
- Management/Employees: The granting of share awards for services rendered indicates a compensation structure that aligns employee incentives with company performance.
Key Dates
| Date | Description |
|---|---|
| 2023-07-20 | Original Schedule 13D filing date. |
| 2024-05-11 | Date of event which required the filing of this statement. |
| 2025-06-30 | Date as of which 77,708,475 Class A Ordinary Shares were outstanding. |
| 2025-07-02 | Signature date of the Amendment No. 1 to Schedule 13D. |
Keywords
Marti Technologies, Schedule 13D, Beneficial Ownership, Insider Ownership, Class A Ordinary Shares, Share Awards, SEC Filing, Cankut Durgun, Esra Unluaslan Durgun, Equity Compensation
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