Form 4: Spectral AI Director Richard Cotton Reports Acquisition of Common Stock and Holdings of Derivative Securities
SEC Form 4 Filing
Director Richard John Cotton reports acquiring 9,699 shares of Spectral AI common stock and details holdings of restricted stock units and stock options.
Summary
- Richard John Cotton, a director of Spectral AI, Inc. [MDAI], reported a transaction on April 30, 2025.
- Cotton acquired 9,699 shares of common stock at $0.00 per share.
- Following the transaction, Cotton beneficially owns 66,927 shares of common stock.
- Cotton also holds derivative securities, including restricted stock units (RSUs) and stock options.
- 9,700 RSUs have a conversion price of $4.48 and vest on April 13, 2026.
- Cotton holds 31,460 ISOs with an exercise price of $1.67, fully vested on the date of issuance, expiring on May 15, 2034.
- Cotton holds 27,136 ISOs with an exercise price of $1.67, 75% vested as of the report date, expiring on May 15, 2034.
- Cotton holds 75,000 NQSOs with an exercise price of $1.25, with 25,000 vesting monthly over 12 months starting April 23, 2025, and the remaining 50,000 vesting upon achievement of certain milestones, expiring on April 23, 2035.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The acquisition of common stock by a director could be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The report provides transparency to shareholders regarding the transactions of a company director.
Key Dates
| Date | Description |
|---|---|
| 04/23/2025 | Start date for monthly vesting of 25,000 NQSOs. |
| 04/28/2025 | Date of issuance of 9,699 restricted stock units. |
| 04/30/2025 | Date of transaction: acquisition of common stock. |
| 05/01/2025 | Date of signature of the report. |
| 04/13/2026 | Vesting date for 100% of the restricted units. |
| 05/15/2034 | Expiration date for ISOs. |
| 04/23/2035 | Expiration date for NQSOs. |
Keywords
Form 4, beneficial ownership, Richard Cotton, Spectral AI, MDAI, director, common stock, restricted stock units, stock options, acquisition
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