Key facts
- This page summarizes SEAPORT GLOBAL ASSET MANAGEMENT LLC's Form 4 filing for ScanTech AI Systems Inc. (STAI).
- 8 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 08 May 2025, 16:56.
SEAPORT GLOBAL ASSET MANAGEMENT LLC - 18 Feb 2025 Form 4 Insider Report for ScanTech AI Systems Inc. (STAI)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- STAI
- Reported as of
- 18 Feb 2025
- Net transaction value
- -$999,996,970,004
- SEC form
- 4
- Accepted by SEC
- 08 May 2025, 16:56:55 UTC
- Prior SEC filing
- 17 Jan 2025
- Next SEC filing
- 31 Jul 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Stephen C. Smith - for Seaport Global Asset Management LLC, By: Stephen C. Smith, Authorized Signatory
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
SEAPORT GLOBAL ASSET MANAGEMENT LLC filed Form 4 for ScanTech AI Systems Inc. (STAI) on 08 May 2025.
Change
- Previous filing in this sequence was filed on 17 Jan 2025.
- Current net transaction value: -$999,996,970,004.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (1)
CIK 0001801142
Primary reporting owner
SEAPORT GLOBAL ASSET MANAGEMENT LLC
- Relationship
- 10%+ Owner
- Address
- 360 MADISON AVENUE, NEW YORK
- Signature
- /s/ Stephen C. Smith - for Seaport Global Asset Management LLC, By: Stephen C. Smith, Authorized Signatory
- Signature date
- 08 May 2025
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
STAI
transaction
Common Stock, par value $0.0001 per share
Conversion of derivative security
- Transaction value
- $2,999,996
- Shares
- +303,951
- Change %
- +5.5%
- Price
- $9.87
- Shares after
- 5,858,743
- Date
- 18 Feb 2025
- Ownership
- See footnote
- Footnotes
- F1
STAI
transaction
Common Stock, par value $0.0001 per share
Other
- Transaction value
- Shares
- +2,249,230
- Change %
- +38%
- Price
- Shares after
- 8,107,973
- Date
- 18 Feb 2025
- Ownership
- See footnote
- Footnotes
- F1, F2
STAI
transaction
Common Stock, par value $0.0001 per share
Exercise of in-the-money or at-the-money derivative security
- Transaction value
- $30,000
- Shares
- +3,000,000
- Change %
- +37%
- Price
- $0.0100
- Shares after
- 11,107,973
- Date
- 02 Apr 2025
- Ownership
- See footnote
- Footnotes
- F1
STAI
transaction
Common Stock, par value $0.0001 per share
Other
- Transaction value
- Shares
- +200,000
- Change %
- +1.8%
- Price
- Shares after
- 11,307,973
- Date
- 02 Apr 2025
- Ownership
- See footnote
- Footnotes
- F1, F2
STAI
transaction
Common Stock, par value $0.0001 per share
Other
- Transaction value
- Shares
- +5,350,000
- Change %
- +47%
- Price
- Shares after
- 16,657,973
- Date
- 17 Apr 2025
- Ownership
- See footnote
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
STAI
transaction
Derivative
Convertible Promissory Note
Conversion of derivative security
- Transaction value
- $1,000,000,000,000
- Shares
- -1,000,000
- Change %
- -100%
- Price
- $1000000.00
- Shares after
- 0
- Date
- 18 Feb 2025
- Ownership
- See footnote
- Underlying class
- Common Stock
- Underlying amount
- 303,951
- Exercise price
- $0.000000
- Footnotes
- F1, F2
STAI
transaction
Derivative
Warrant (right to buy)
Other
- Transaction value
- Shares
- +3,000,000
- Change %
- Price
- Shares after
- 3,000,000
- Date
- 18 Feb 2025
- Ownership
- See footnote
- Underlying class
- Common Stock
- Underlying amount
- 3,000,000
- Exercise price
- $0.0100
- Footnotes
- F1, F3
STAI
transaction
Derivative
Warrant (right to buy)
Exercise of in-the-money or at-the-money derivative security
- Transaction value
- $0
- Shares
- -3,000,000
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 02 Apr 2025
- Ownership
- See footnote
- Underlying class
- Common Stock
- Underlying amount
- 3,000,000
- Exercise price
- $0.0100
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Shares held directly by Seaport Group SIBS LLC ("SIBS"). SIBS is managed by Seaport Global Asset Management LLC ("SGAM").
Footnote F2
Represents shares of Common Stock of ScanTech AI Systems Inc. (the "Issuer") received by SIBS in settlement of debts previously contracted.
Footnote F3
Received in exchange for the forfeit by SIBS of shares of ScanTech Identification Beams Systems, LLC ("ScanTech") held by SIBS in connection with ScanTech's business combination.