Lute Douglas 4

What Happened

• Lute Douglas, a director of Marti Technologies, received an award of 3,732 Class A Ordinary Shares on 2026-03-31 (transaction code A). The filing reports an acquisition price of $0.00 per share (total reported value $0). The shares were issued under the Issuer’s 2023 Incentive Award Plan in lieu of the director's cash retainer for Q1 2026 and are fully vested.

Key Details

• Transaction date: 2026-03-31
• Transaction type: Award/Grant (code A)
• Shares acquired: 3,732 Class A Ordinary Shares @ $0.00 (total reported $0)
• Shares owned after transaction: not reported in the Form 4
• Footnotes: F1 — shares issued in lieu of cash retainer and are fully vested; F2 — filing also references 36,764 Class A shares underlying RSUs that vest on the earlier of the 2026 AGM or Dec 24, 2026, subject to continued service
• Filing date: 2026-04-02 (no late filing indicated in the report)

Context

• This was a compensation award (board retainer paid in stock), not a market purchase or sale; such awards reflect pay choice rather than a direct buy/sell signal. The additional RSUs noted (36,764) remain subject to future vesting conditions.