Thatcher Jeffrey Edward 4

4 · Spectral AI, Inc. · Filed Sep 14, 2023

Form 4

Period: 2023-09-11

CHIEF SCIENTIST

Transactions

Other
INCENTIVE STOCK OPTION
2023-09-11+24,248→ 24,248 total
Exercise: $4.95Exp: 2032-02-03→ COMMON STOCK (24,248 underlying)
Other
INCENTIVE STOCK OPTION
2023-09-11+7,274→ 7,274 total
Exercise: $4.54Exp: 2033-04-13→ COMMON STOCK (7,274 underlying)
Other
INCENTIVE STOCK OPTION
2023-09-11+569,350→ 569,350 total
Exercise: $1.03Exp: 2029-04-30→ COMMON STOCK (569,350 underlying)
Other
COMMON STOCK
2023-09-11+23,278→ 23,278 total
Other
INCENTIVE STOCK OPTION
2023-09-11+232,783→ 232,783 total
Exercise: $2.17Exp: 2030-06-25→ COMMON STOCK (232,783 underlying)

Footnotes (6)

[F1]On September 11, 2023, Spectral AI, Inc., a Delaware corporation formerly known as Rosecliff Acquisition Corp. I (the "Issuer") and Spectral MD Holdings Ltd ("Spectral") consummated the business combination (the "Business Combination") pursuant to that certain business combination agreement, dated April 11, 2023 (as amended, the "Business Combination Agreement"). In connection with the closing of the Business Combination (the "Closing"), each 10.31 shares of common stock of Spectral outstanding immediately prior to the Closing were exchanged for one share of common stock of the Issuer, par value $0.0001 (the "Common Stock").
[F2]The Reporting Person received these shares of Common Stock in connection with the Closing for no additional consideration.
[F3]These options are vested and exercisable.
[F4]The Reporting Person received these securities in connection with the Closing, for no additional consideration, with each option exercisable for one share of the Issuer's Common Stock once such option fully vests.
[F5]These options vest and become exercisable as follows: 33% of the stock options vested on 2/3/2023; 33% vest on 2/3/2024; and the remainder vest on 2/3/2025.
[F6]These options vest and become exercisable as follows: 33% of the stock options vest on 4/13/2024; 33% vest on 4/13/2025; and the remainder vest on 4/13/2026.

Documents

1 file