Vincent Capone - May 10, 2024 Form 4 Insider Report for Spectral AI, Inc. (MDAI)

Role
CFO and General Counsel
Signature
/s/ Vincent Capone
Stock symbol
MDAI
Transactions as of
May 10, 2024
Transactions value $
$17,300
Form type
4
Date filed
5/13/2024, 05:21 PM
Previous filing
Sep 13, 2023
Next filing
Jul 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDAI Common Stock Award $17.3K +10K +103.09% $1.73 19.7K May 10, 2024 Direct F1

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
holding MDAI ISO 62K May 10, 2024 Common Stock 62K $4.36 Direct F2
holding MDAI NQSO 7.06K May 10, 2024 Common Stock 7.06K $4.36 Direct F2
holding MDAI ISO 6.12K May 10, 2024 Common Stock 6.12K $4.41 Direct F3
holding MDAI NQSO 12.2K May 10, 2024 Common Stock 12.2K $4.41 Direct F3
holding MDAI ISO 6.58K May 10, 2024 Common Stock 6.58K $5.47 Direct F4
holding MDAI NQSO 13.2K May 10, 2024 Common Stock 13.2K $5.47 Direct F4
holding MDAI Restricted Stock Unit 150K May 10, 2024 Common Stock 150K $0.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at an average price of $1.73. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F2 33% of the stock options vested on 5/6/2023, 33% vested on 5/6/2024, and the remainder vest on 6/5/2025.
F3 33% of the stock options vested on 4/13/2024, 33% vest on 4/13/2025, and the remainder vest on 4/13/2026.
F4 33% of the stock options vest on 6/29/2024, 33% vest on 6/29/2025, and the remainder vest on 6/25/2026.
F5 50% of RSUs vest on a time-based vesting schedule with 33% of the RSUs vesting on 2/28/2025, 33% vest on 2/28/2026, and the remainder vest on 2/28/2027. The remainder vest pursuant to certain performance-based metrics.