Damien Lamendola - Jun 14, 2022 Form 4 Insider Report for Marpai, Inc. (MRAI)

Role
Director, 10%+ Owner
Signature
/s/ Damien Lamendola
Stock symbol
MRAI
Transactions as of
Jun 14, 2022
Transactions value $
$0
Form type
4
Date filed
6/16/2022, 04:05 PM
Previous filing
Dec 16, 2021
Next filing
Aug 19, 2022

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 Stock Option (Right to Buy) Award $0 +175K $0.00 175K Jun 14, 2022 Class A Common Stock 175K $1.11 Direct F2
transaction MRAI Stock Option (Right to Buy) Award $0 +75K $0.00 75K Jun 14, 2022 Class A Common Stock 75K $1.11 Direct F3
holding MRAI Class A Common Stock Warrants 364K Jun 14, 2022 Class A Common Stock 364K $1.43 See Footnote F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The option vests monthly over a three-year period, commencing on June 14, 2022.
F3 The option vests monthly over a four-year period, commencing on June 14, 2022.