Marti Technologies: director Lute Douglas received 3,732 shares

What happened

• Lute Douglas, director, received 3,732 Class A Ordinary Shares as an award (transaction code A) on Sep 30, 2026, at $0 per share for a total value of $0, according to the Form 4 filed Oct 2, 2026.

Key details

• Transaction date and price: Sep 30, 2026; $0 per share; transaction code A (award/grant).
• Shares owned after the transaction: not reported in the filing.
• Footnote F1: these are fully vested Class A Ordinary Shares issued under the issuer's 2023 Incentive Award Plan in lieu of the reporting person's cash retainer for third quarter of 2026 board service.
• Footnote F2: the filing states it includes 36,764 Class A Ordinary Shares underlying restricted stock units granted under the issuer's 2023 Incentive Award Plan, which vest on the earlier of the company's 2026 annual general meeting of shareholders or Dec 24, 2026, subject to continued service.
• Filing date: Oct 2, 2026.

Why it may matter

• This was an award/grant of shares rather than a market purchase or sale.
• The filing notes additional RSUs that vest by Dec 24, 2026, subject to continued service. A filing does not show why the insider traded or why the company acted.