SHIV SAGIV 4

What Happened
Shiv Sagiv, a director of Marpai, Inc. (MRAI), received an award of 100,000 restricted stock units (RSUs) on February 19, 2026. The RSUs were granted at $0.00 (no cash paid) under the company's 2024 Global Stock Incentive Plan. One-third of the award vested immediately on the grant date.

Key Details

• Transaction date: 2026-02-19 — Grant/Award (code A) of 100,000 RSUs. Price reported: $0.00; aggregate acquisition value: $0.
• Filing date / accession: Form 4 filed 2026-04-08 (for period of report 2026-02-19). This was filed well past the usual 2-business-day Form 4 window (a late filing).
• Shares owned after transaction: not specified in the provided filing.
• Grant plan: Marpai Inc.’s 2024 Global Stock Incentive Plan.
• Vesting footnote: 1/3 vested on Feb 19, 2026; 1/3 vests upon execution of a board‑approved letter of intent or similar indicating interest in a strategic transaction; final 1/3 vests on closing of that strategic transaction — all subject to continued service.

Context
This was an equity award (RSUs), not an open‑market purchase or sale. Awards are common for directors and are compensation/retention tools; the immediate one‑third vesting converts to shares subject to any company transfer restrictions and tax rules. The later tranches depend on a potential strategic transaction and continued service, so future vesting is contingent. The late Form 4 filing is a compliance item to note but does not, by itself, indicate trading intent.