Freifeld Daniel 4

What Happened Daniel Freifeld, a director of Marti Technologies, was granted 20,261 Class A Ordinary Shares on 2026-03-31 (transaction code A). The Form 4 reports an acquisition price of $0 (total reported acquisition $0). Footnote F1 states these were fully-vested shares issued under the company’s 2023 Incentive Award Plan in lieu of Freifeld’s cash retainer for Q1 2026 board service.

Key Details

• Transaction date and price: 2026-03-31 — 20,261 shares @ $0.00 (award/grant).
• Filing date: 2026-04-02; the form does not indicate a late filing.
• Other holdings disclosed (footnote F3): Farragut Investor Entities hold 7,467,715 Ordinary Shares (233,638 + 7,234,077); Mr. Freifeld indirectly controls those entities and may be deemed to beneficially own those shares but disclaims beneficial ownership except to the extent of his pecuniary interest.
• Unvested awards (footnote F2): Includes 74,580 Class A shares underlying restricted stock units that vest by the earlier of the company’s 2026 annual meeting or December 24, 2026, subject to continued service.

Context This was an award issued in lieu of a cash retainer (not an open-market purchase or sale), so it does not represent a cash investment by the director. Awards and RSUs are common forms of director compensation; they vest on service or time conditions and do not, by themselves, indicate the insider’s view of the company’s near-term prospects.