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Marti Technologies (MRT) director Alex Spiro receives 2,666-share equity grant for Q1 2026 board service

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Spiro Alex reported acquisition or exercise transactions in this Form 4 filing.

Marti Technologies, Inc. director Alex Spiro received an equity grant instead of cash for first quarter 2026 board service. He was awarded 2,666 fully vested Class A Ordinary Shares under the company’s 2023 Incentive Award Plan as a retainer, increasing his direct holdings to 53,948 shares.

His position includes 26,260 Class A Ordinary Shares underlying restricted stock units granted under the same plan. These units are scheduled to vest on the earlier of the company’s 2026 annual general meeting of shareholders or December 24, 2026, subject to continued service.

Positive

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Insider Spiro Alex
Role Director
Type Security Shares Price Value
Grant/Award Class A Ordinary Shares, par value $0.0001 per share 2,666 $0.00 --
Holdings After Transaction: Class A Ordinary Shares, par value $0.0001 per share — 53,948 shares (Direct)
Footnotes (1)
  1. Represents 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 first quarter of 2026 board service. Includes 26,260 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 December 24, 2026, subject to continued service.
Equity grant 2,666 shares Fully-vested Class A Ordinary Shares for Q1 2026 board retainer
Total direct holdings 53,948 shares Class A Ordinary Shares following the March 31, 2026 grant
RSUs outstanding 26,260 shares Class A Ordinary Shares underlying restricted stock units under 2023 plan
Grant price $0.0000 per share Equity award issued in lieu of cash retainer
RSU vesting date Earlier of 2026 AGM or December 24, 2026 Vesting condition subject to continued service
restricted stock units financial
"Includes 26,260 Class A Ordinary Shares underlying restricted stock units granted under the Issuer's 2023 Incentive Award Plan..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2023 Incentive Award Plan financial
"issued under the Issuer's 2023 Incentive Award Plan in lieu of the reporting person's cash retainer..."
cash retainer financial
"in lieu of the reporting person's cash retainer for first quarter of 2026 board service."
Class A Ordinary Shares financial
"Represents fully-vested Class A Ordinary Shares issued under the Issuer's 2023 Incentive Award Plan..."
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
continued service financial
"which vest on the earlier of the Company's 2026 annual general meeting of shareholders or December 24, 2026, subject to continued service."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Spiro Alex
(Last)(First)(Middle)
C/O MARTI TECHNOLOGIES, INC.
BUYUKDERE CD. NO: 237 MASLAK SARIYER
(Street)
ISTANBUL34485
(City)(State)(Zip)
TURKEY
(Country)		2. Issuer Name and Ticker or Trading Symbol
Marti Technologies, Inc. [ MRT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Ordinary Shares, par value $0.0001 per share03/31/2026A2,666(1)A$053,948(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents 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 first quarter of 2026 board service.
2. Includes 26,260 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 December 24, 2026, subject to continued service.
/s/ Alex Spiro04/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Marti Technologies (MRT) report for Alex Spiro?

Marti Technologies reported that director Alex Spiro received 2,666 fully vested Class A Ordinary Shares as an equity grant. The shares were issued under the 2023 Incentive Award Plan in lieu of his cash retainer for first quarter 2026 board service, increasing his direct shareholdings.

How many Marti Technologies (MRT) shares does Alex Spiro hold after this Form 4 transaction?

After the transaction, Alex Spiro directly holds 53,948 Class A Ordinary Shares of Marti Technologies. This total includes his newly issued 2,666 fully vested shares and other holdings, reflecting his combined equity position as a director following the first quarter 2026 compensation grant.

Was the Marti Technologies (MRT) Form 4 transaction an open-market purchase or sale?

The Form 4 transaction was not an open-market purchase or sale. Instead, Alex Spiro received 2,666 fully vested Class A Ordinary Shares as a grant under the 2023 Incentive Award Plan, issued in lieu of his cash retainer for first quarter 2026 board service.

What restricted stock units does Alex Spiro hold in Marti Technologies (MRT)?

Alex Spiro holds 26,260 Class A Ordinary Shares underlying restricted stock units granted under Marti Technologies’ 2023 Incentive Award Plan. These RSUs are scheduled to vest on the earlier of the company’s 2026 annual general meeting of shareholders or December 24, 2026, subject to his continued service.

When will Alex Spiro’s Marti Technologies (MRT) restricted stock units vest?

Alex Spiro’s 26,260 Class A Ordinary Shares underlying restricted stock units are set to vest on the earlier of Marti Technologies’ 2026 annual general meeting of shareholders or December 24, 2026. Vesting remains contingent on his continued service with the company through that time frame.

Under which plan were Alex Spiro’s Marti Technologies (MRT) shares granted?

Alex Spiro’s 2,666 fully vested shares and his 26,260 RSU-based shares were granted under Marti Technologies’ 2023 Incentive Award Plan. The plan provides equity-based compensation, including fully vested shares in lieu of cash retainers and restricted stock units subject to service-based vesting conditions.