Cotton Richard John 4
4 · Spectral AI, Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Spectral AI (MDAI) Director Richard J. Cotton Receives Stock Awards
What Happened
Richard J. Cotton, a director of Spectral AI, received two awards/acquisitions: 5,882 shares on 2026-05-15 at a weighted average price of $2.33 (≈ $13,705) and 8,818 shares on 2026-05-18 at $2.40 (≈ $21,163). Combined, the two grants total 14,700 shares valued at roughly $34,868. These were reported as grants/awards (Form 4 code A), i.e., acquisitions of company stock rather than sales.
Key Details
- Transaction dates and values:
- 2026-05-15 — 5,882 shares @ $2.33 (total ≈ $13,705)
- 2026-05-18 — 8,818 shares @ $2.40 (total ≈ $21,163)
- Total shares granted: 14,700; total reported value: ≈ $34,868.
- Shares owned after transaction: not specified in the information provided in this summary.
- Notable footnotes from the filing:
- F1: the $/share reported is a weighted-average price across multiple purchases; the filer can provide per-transaction prices on request.
- F2: indicates these include RSUs with 50% vested on April 20, 2026 and the remaining 50% vesting on April 1, 2027.
- F3–F5: the filing also includes footnotes about option vesting schedules (100% vested or milestone-based vesting) referenced in the filing.
- Filing timeliness: Report period 2026-05-15; Form filed 2026-05-18 — the filing is timely (within the SEC Form 4 reporting window).
Context
Grants/awards (often RSUs) are typically compensation-related acquisitions that vest over time; they are acquisitions but do not necessarily reflect an immediate purchase with cash or an intent to sell. The RSU vesting schedule (F2) determines when Cotton will have full ownership and marketable shares. As always, awards are factual disclosures of insider ownership changes and should be considered alongside other filings and company news.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-15$2.33/sh+5,882$13,705→ 102,659 total - Award
Common Stock
[F1]2026-05-18$2.40/sh+8,818$21,163→ 111,477 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)
- [F1]The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [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.
- [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.