SEAPORT GLOBAL ASSET MANAGEMENT LLC - 18 Feb 2025 Form 4 Insider Report for ScanTech AI Systems Inc. (STAI)

Role
10%+ Owner
Signature
/s/ Stephen C. Smith - for Seaport Global Asset Management LLC, By: Stephen C. Smith, Authorized Signatory
Issuer symbol
STAI
Transactions as of
18 Feb 2025
Net transactions value
-$999,996,970,004
Form type
4
Filing time
08 May 2025, 16:56:55 UTC
Previous filing
17 Jan 2025
Next filing
31 Jul 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
SEAPORT GLOBAL ASSET MANAGEMENT LLC 10%+ Owner 360 MADISON AVENUE, NEW YORK /s/ Stephen C. Smith - for Seaport Global Asset Management LLC, By: Stephen C. Smith, Authorized Signatory 08 May 2025 0001801142

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STAI Common Stock, par value $0.0001 per share Conversion of derivative security $2,999,996 +303,951 +5.5% $9.87 5,858,743 18 Feb 2025 See footnote F1
transaction STAI Common Stock, par value $0.0001 per share Other +2,249,230 +38% 8,107,973 18 Feb 2025 See footnote F1, F2
transaction STAI Common Stock, par value $0.0001 per share Exercise of in-the-money or at-the-money derivative security $30,000 +3,000,000 +37% $0.0100 11,107,973 02 Apr 2025 See footnote F1
transaction STAI Common Stock, par value $0.0001 per share Other +200,000 +1.8% 11,307,973 02 Apr 2025 See footnote F1, F2
transaction STAI Common Stock, par value $0.0001 per share Other +5,350,000 +47% 16,657,973 17 Apr 2025 See footnote F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STAI Convertible Promissory Note Conversion of derivative security $1,000,000,000,000 -1,000,000 -100% $1000000.00 0 18 Feb 2025 Common Stock 303,951 $0.000000 See footnote F1, F2
transaction STAI Warrant (right to buy) Other +3,000,000 3,000,000 18 Feb 2025 Common Stock 3,000,000 $0.0100 See footnote F1, F3
transaction STAI Warrant (right to buy) Exercise of in-the-money or at-the-money derivative security $0 -3,000,000 -100% $0.000000 0 02 Apr 2025 Common Stock 3,000,000 $0.0100 See footnote F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held directly by Seaport Group SIBS LLC ("SIBS"). SIBS is managed by Seaport Global Asset Management LLC ("SGAM").
F2 Represents shares of Common Stock of ScanTech AI Systems Inc. (the "Issuer") received by SIBS in settlement of debts previously contracted.
F3 Received in exchange for the forfeit by SIBS of shares of ScanTech Identification Beams Systems, LLC ("ScanTech") held by SIBS in connection with ScanTech's business combination.