Cotton Richard John 4

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.