SEAPORT GLOBAL ASSET MANAGEMENT LLC 4

What Happened
Seaport Global Asset Management LLC (reported as a 10% owner) sold 70,000 shares of ScanTech AI Systems Inc. (STAI) on February 10, 2026. The shares were reported disposed at $0.49 per share for a total reported value of $34,118. This was a sale (not a purchase), which is often a routine disposition by an institutional holder rather than a bullish signal.

Key Details

• Transaction date and price: 2026-02-10 — 70,000 shares at $0.49 each (total reported $34,118). Reported as an open-market or private sale (Form 4 code "S").
• Filing date: Form 4 filed 2026-02-12 (appears timely; within the usual 2-business-day window).
• Shares owned after transaction: Not specified in the excerpt provided in this summary.
• Footnote: F1 notes the shares are held directly by Seaport Group SIBS LLC ("SIBS"); SIBS is managed by Seaport Global Asset Management LLC ("SGAM"); Stephen C. Smith is the manager of SGAM. This indicates an institutional ownership/management structure rather than an individual executive trade.

Context
Because this comes from a 10% institutional owner and is a sale, it should be viewed as an institutional disposition rather than an insider endorsement or rejection of company prospects. Sales by large shareholders can be for many reasons (portfolio rebalancing, liquidity needs, etc.) and are not by themselves definitive signals about the company’s outlook.