Richard John Cotton - 30 Apr 2025 Form 4 Insider Report for Spectral AI, Inc. (MDAI)

Role
Director
Signature
/s/ Richard Cotton
Issuer symbol
MDAI
Transactions as of
30 Apr 2025
Net transactions value
$0
Form type
4
Filing time
01 May 2025, 16:00:30 UTC
Previous filing
20 Nov 2023
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 $0 +9,699 +17% $0.000000 66,927 30 Apr 2025 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 Restricted Stock Unit 9,700 30 Apr 2025 Common Stock 9,700 $4.48 Direct F2
holding MDAI ISO 31,460 30 Apr 2025 Common Stock 31,460 $1.67 Direct F3
holding MDAI ISO 27,136 30 Apr 2025 Common Stock 27,136 $1.67 Direct F4
holding MDAI NQSO 75,000 30 Apr 2025 Common Stock 75,000 $1.25 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The total includes 9,699 restricted stock units ("RSUs"), which are fully vested and were issued on 4/28/2025.
F2 100% of the restricted units vest on 4/13/2026.
F3 100% of the stock options vested on the date of issuance.
F4 75% of the stock options were vested as if the date hereof. The remaining 25% vest of 5/15/2025.
F5 25,000 of the stock options vest monthly over a 12 month period beginning on April 23, 2025. The remaining 50,000 stock options vest upon the achievement of certain milestones.