Damien Lamendola - Dec 14, 2021 Form 4 Insider Report for Marpai, Inc. (MRAI)

Role: Director, 10%+ Owner
Signature: By: /s/ Damien Lamendola
Stock symbol: MRAI
Transactions as of: Dec 14, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/16/2021, 07:55 AM
Previous filing: Nov 4, 2021
Next filing: Jun 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRAI	Class A Common Stock	Exercise of in-the-money or at-the-money derivative security	$900K	+225K	+11.61%	$4.00	2.16M	Dec 14, 2021	See Fotenote	F1
holding	MRAI	Class A Common Stock						3.73M	Dec 14, 2021	See Fotenote	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	MRAI	Class A Common Stock Warrants (to buy)	Exercise of in-the-money or at-the-money derivative security	-$900K	-225K	-100%	$4.00	0	Dec 14, 2021	Class A Common Stock	225K	$4.00	See Fotenote	F1
holding	MRAI	Class A Common Stock Warrants						364K	Dec 14, 2021	Class A Common Stock	364K	$1.43	See Fotenote	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Held by HillCour Investment Fund, LLC, of which Mr. Lamendola is the Manager, and holds the voting and dispositive power over the securities held by HillCour Investment Fund, LLC.
F2	Held by WellEnterprises USA, LLC, a wholly owned subsidiary of HillCour, Inc., which is wholly owned by HillCour Holding Corporation, a corporation controlled by Mr. Lamendola. Mr. Lamendola holds the voting and dispositive power over the securities held by WellEnterprises USA, LLC.