Spiro Alex 4

What Happened

Alex Spiro, a director of Marti Technologies, was issued 2,666 Class A Ordinary Shares on June 30, 2026, reported as an award/acquisition (Form 4 code A). The filing shows an acquisition price of $0.00 (shares issued in lieu of the director's cash retainer for Q2 2026), so no purchase price or cash changed hands.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02. No late filing indicated in the report.
• Transaction type/code: Award/Grant (A) — shares issued as compensation.
• Shares acquired: 2,666 Class A Ordinary Shares at $0.00 (total reported cost $0).
• Shares owned after transaction: not specified in the filing.
• Footnote F1: These 2,666 shares are fully vested and were issued under the Issuer's 2023 Incentive Award Plan in lieu of the cash board retainer for Q2 2026.
• Footnote F2: The filer also has 26,260 Class A shares underlying restricted stock units (RSUs) that vest on the earlier of the Company’s 2026 annual meeting or December 24, 2026, subject to continued service.

Context

This was a routine compensation issuance (director retainer paid in stock) rather than an open-market purchase or sale. Awards issued in lieu of cash are common and do not, by themselves, indicate the insider's view of the company's near-term stock prospects. The RSUs noted in the filing are unvested and subject to continued service.