Spiro Alex 4

What Happened

• Spiro Alex, a director of Marti Technologies, was issued 2,666 Class A Ordinary Shares on 2026-03-31 as an award (transaction code A). The shares were reported at $0.00 per share (total reported value $0) and were issued under the Issuer's 2023 Incentive Award Plan in lieu of his cash retainer for first-quarter 2026 board service. This was an award/compensation transaction, not a purchase or sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (timely filing).
• Transaction type/code: A = Award/Grant.
• Shares received: 2,666; reported price per share: $0.00; total reported value: $0.
• Shares owned after transaction: not specified in this Form 4.
• Footnotes: F1 — fully vested Class A shares issued in lieu of cash retainer for Q1 2026 board service. F2 — filing also references 26,260 Class A shares underlying restricted stock units that vest on the earlier of the 2026 annual meeting or December 24, 2026, subject to continued service.
• No indication of sales or immediate disposition of the awarded shares in this filing.

Context

• Awards issued in lieu of cash retainer are routine board compensation and do not necessarily signal insider buying or selling intent. The 2,666 shares were fully vested on grant, while the additional 26,260 RSUs noted remain subject to future vesting conditions.