Cotton Richard John 4

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.