Marti Technologies: director Daniel Freifeld sold 1,350,000 shares

What happened The filing says Daniel Freifeld, a director, sold 1,350,000 Class A Ordinary Shares in three dispositions for aggregate proceeds of $2,577,000 and received 20,261 Class A Ordinary Shares as an award. The sales were: 500,000 shares at $2.04 for $1,020,000 on May 18, 2026; 500,000 shares at $1.70 for $850,000 on Jun 15, 2026; and 350,000 shares at $2.02 for $707,000 on Sep 9, 2026. The award of 20,261 shares was reported on Sep 30, 2026 at $0.00 (issued in lieu of a cash retainer).

Key details

• Transaction dates and prices: May 18, 2026 — 500,000 shares at $2.04; Jun 15, 2026 — 500,000 shares at $1.70; Sep 9, 2026 — 350,000 shares at $2.02; Sep 30, 2026 — 20,261 shares awarded at $0.00.
• Proceeds from sales: $1,020,000; $850,000; $707,000; total $2,577,000.
• Shares owned after the final reported transaction: the filing says indirect holdings consist of 233,638 Class A Ordinary Shares held by Farragut Square Global Master Fund, LP and 5,884,077 Class A Ordinary Shares held by Callaway Capital Management, LLC (total 6,117,715).
• Footnotes that matter: the filing says the dispositions were made by Callaway Capital Management, LLC in a privately negotiated transaction (F1); the filing says Mr. Freifeld indirectly controls Farragut LP and Callaway LLC and may be deemed to beneficially own the shares held by those entities but disclaims beneficial ownership except to the extent of his pecuniary interest (F2); the 20,261 shares were fully vested and issued in lieu of a cash retainer for third quarter 2026 board service (F3); the filing also includes 74,580 shares underlying restricted stock units that vest on the earlier of the company's 2026 annual general meeting or Dec 24, 2026, subject to continued service (F4).
• Filing timeliness: the Form 4 was filed on Oct 2, 2026 for transactions dated May 18, Jun 15, Sep 9 and Sep 30, 2026 (filed after the transaction dates).

Why it may matter

• These were market dispositions made through Callaway Capital Management, LLC in a privately negotiated transaction, and one award of fully vested shares was issued in lieu of a cash retainer.
• The filing says Mr. Freifeld indirectly controls entities that hold a total of 6,117,715 Class A Ordinary Shares.
  A filing does not show why the insider traded or why the company acted.