MultiSensor AI: 10% owner Daniel M. Friedberg received 4,210 shares

What happened

• Daniel M. Friedberg, identified as a 10% owner and a director designee, received 4,210 shares as a grant/award/other acquisition (transaction code A) on Sep 30, 2026 at $0.00 per share, total value $0.
• The Form 4 is filed jointly by 325 Capital Master Fund LP, 325 Capital GP, LLC, 325 Capital LLC, Michael Braner, Daniel M. Friedberg and Anil Shrivastava (see footnote F1).

Key details

• Transaction date and price: Sep 30, 2026 — 4,210 shares at $0.00 (code A).
• Shares owned after the transaction: not reported in this Form 4.
• Relevant footnotes:
  • F1: Joint filing by 325 Master Fund, 325 Capital GP, 325, Michael Braner, Daniel M. Friedberg and Anil Shrivastava; each disclaims beneficial ownership except to extent of pecuniary interest.
  • F2: Mr. Friedberg serves as a director designee of 325; awards to him will be held on behalf of, transferred to, or sold for the benefit of 325 or its affiliates, with proceeds remitted to 325, and he does not have a direct pecuniary interest for purposes of Section 16, though 325 and the named individuals may be deemed to have a pecuniary interest.
  • F3/F4: Describe ownership relationships between 325 Master Fund, 325 Capital GP, 325 and certain separately managed accounts that may result in deemed beneficial ownership by the Reporting Persons.
  • F6: Warrants include a maximum ownership limitation of 49.5% and related conversion mechanics (included in the footnotes).
• Filing date and timeliness: filed on Oct 2, 2026 for a transaction dated Sep 30, 2026; the form does not indicate it was late.

Why it may matter

• This was an award/grant acquisition, not a market sale or purchase.
• The filing identifies Mr. Friedberg as a 10% owner and describes arrangements where the shares may be held for or transferred to 325 Capital entities, meaning related entities may be deemed beneficial owners.
• This filing does not show why the insider traded or why the company acted.