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

Role: CFO and General Counsel
Signature: /s/ Vincent Capone
Issuer symbol: MDAI
Transactions as of: 10 May 2024
Net transactions value: +$17,300
Form type: 4
Filing time: 13 May 2024, 17:21:32 UTC
Previous filing: 13 Sep 2023
Next filing: 09 Jul 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MDAI	Common Stock	Award	$17,300	+10,000	+103%	$1.73	19,700	10 May 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						62,038	10 May 2024	Common Stock	62,038	$4.36	Direct	F2
holding	MDAI	NQSO						7,062	10 May 2024	Common Stock	7,062	$4.36	Direct	F2
holding	MDAI	ISO						6,120	10 May 2024	Common Stock	6,120	$4.41	Direct	F3
holding	MDAI	NQSO						12,240	10 May 2024	Common Stock	12,240	$4.41	Direct	F3
holding	MDAI	ISO						6,581	10 May 2024	Common Stock	6,581	$5.47	Direct	F4
holding	MDAI	NQSO						13,162	10 May 2024	Common Stock	13,162	$5.47	Direct	F4
holding	MDAI	Restricted Stock Unit						150,000	10 May 2024	Common Stock	150,000	$0.000000	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.