Lute Douglas 4

What Happened

• Douglas Lute, a director of Marti Technologies, received an award of 3,732 Class A Ordinary Shares on 2026-06-30. The shares were issued at $0.00 (awarded in lieu of the director's cash retainer for Q2 2026), so the reported acquisition cost to the insider is $0.

Key Details

• Transaction date and type: 2026-06-30 — Grant/Award (code A) of 3,732 shares at $0.00.
• Reported value: acquisition price $0.00 (awarded in lieu of cash retainer); total reported cost $0.
• Shares owned after transaction: not disclosed in the filing.
• Footnote F1: These were fully vested Class A shares issued under the Issuer’s 2023 Incentive Award Plan in lieu of the Q2 2026 cash retainer.
• Footnote F2: The filing also references 36,764 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.
• Filing timeliness: no late-filing flag indicated in the summary data provided.

Context

• This was an equity award issued as director compensation (not an open-market purchase or sale); such grants are common and typically reflect routine compensation rather than a direct buy/sell signal about the company’s near-term prospects.
• The RSUs noted in the filing remain subject to future vesting and continued service, so they are not currently transferable shares until vesting conditions are met.