Cotton Richard John 4
4 · Spectral AI, Inc. · Filed Apr 27, 2026
Research Summary
AI-generated summary of this filing
Spectral AI (MDAI) Director Richard J. Cotton Receives Award
What Happened
Richard J. Cotton, a director of Spectral AI, was granted 29,850 restricted stock units (RSUs) on April 24, 2026. The Form 4 reports the acquisition at $0.00 per share (total reported value $0), consistent with a compensation award rather than an open‑market purchase.
Key Details
- Transaction date: 2026-04-24; Form 4 filed: 2026-04-27 (filed within the typical 2‑business‑day reporting window).
- Award: 29,850 RSUs reported as acquired at $0.00.
- Shares owned after transaction: not specified in the provided summary of the filing.
- Footnotes of note:
- F1 states the 29,850 RSUs were issued and "fully vested" on 4/24/2026.
- F2 describes a different vesting schedule (50% vested 4/20/2026; remaining 50% vest 4/01/2027), which appears inconsistent with F1.
- Additional footnotes (F3–F5) mention option vesting status but no option transactions are reported in this Form 4.
- Transaction code: A = Award/Grant.
Context
This was a compensation award (RSUs), not a market purchase or sale. RSU awards are commonly used for director or employee compensation; vesting and settlement timing determine when shares become transferable or taxable. The filing shows the award but contains inconsistent footnote language about vesting—investors may want to review the full Form 4 or company disclosures for clarification.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-24+29,850→ 96,777 total
- 25,000
Restricted Stock Unit
[F2]Exercise: $1.84Exp: 2036-04-20→ Common Stock (25,000 underlying) - 31,460
ISO
[F3]Exercise: $1.67Exp: 2034-05-15→ Common Stock (31,460 underlying) - 27,136
ISO
[F4]Exercise: $1.67Exp: 2034-05-15→ Common Stock (27,136 underlying) - 75,000
NQSO
[F5]Exercise: $1.25Exp: 2035-04-23→ Common Stock (75,000 underlying)
Footnotes (5)
- [F5]25,000 of the stock options were vested as of the date hereof. The remaining 50,000 stock options vest upon the achievement of certain milestones.
- [F1]The total includes 29,850 restricted stock units ("RSUs"), which are fully vested and were issued on 4/24/2026.
- [F2]50% of the RSUs vested on April 20, 2026. 50% of the RSUs will vest on April 1, 2027.
- [F3]100% of the stock options vested on the date of issuance.
- [F4]100% of the stock options were vested as of the date hereof.