MRAI · Marpai, Inc.
Substantial doubt about the company's ability to continue as a going concern.
“management has determined that our liquidity condition raises substantial doubt about our ability to continue as a going concern through twelve months from the date these condensed consolidated financial statements are issued.”View the 10-Q filed May 15, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 3, 4 and 5. Form 4 must be filed within two business days of the trade.
Insider Sentiment Score
Peer-relative 0–100 rank of how aggressively insiders accumulated over the trailing 90 days. See the full ranking.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-06-02 | Johnson Steve Andrew |
Chief Financial Officer |
Buy↑
|
Class A Common Stock
|
1,100 |
| 2026-05-29 | Lamendola Damien |
Director, Chief Executive Officer, 10% Owner |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The restricted stock units were granted pursuant to Marpai Inc.'s 2024 Global Stock Incentive Plan and are deemed fully vested on the issuance date. |
Class A Common Stock
|
300,000 |
| 2026-05-29 | Calabrese Jennifer Rosario |
Chief Financial Officer |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The RSUs were granted pursuant to Marpai Inc.'s 2024 Global Stock Incentive Plan and are deemed fully vested on the issuance date. |
Class A Common Stock
|
100,000 |
| 2026-05-29 | Johnson Steve Andrew |
Chief Financial Officer |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The restricted stock units were granted pursuant to Marpai Inc.'s 2024 Global Stock Incentive Plan and are deemed fully vested on the issuance date. |
Class A Common Stock
|
125,000 |
| 2026-05-29 | EITAN YARON |
Director |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The RSUs were granted pursuant to Marpai Inc.'s 2024 Global Stock Incentive Plan and are deemed fully vested on the issuance date. |
Class A Common Stock
|
175,000 |
| 2026-05-29 | PONS ROBERT M |
Director |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The RSUs were granted pursuant to Marpai Inc.'s 2024 Global Stock Incentive Plan and are deemed fully vested on the issuance date. |
Class A Common Stock
|
100,000 |
| 2026-05-29 | DiClaudio Colleen |
Director |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The restricted stock units were granted pursuant to Marpai Inc.'s 2024 Global Stock Incentive Plan and are deemed fully vested on the issuance date. |
Class A Common Stock
|
125,000 |
| 2026-05-29 | SHIV SAGIV |
Director |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The RSUs were granted pursuant to Marpai Inc.'s 2024 Global Stock Incentive Plan and are deemed fully vested on the issuance date. |
Class A Common Stock
|
125,000 |
| 2026-05-20 | EITAN YARON |
Director |
Buy↑
|
Class A Common Stock
|
10,000 |
| 2026-02-19 | SHIV SAGIV |
Director |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The restricted stock units ("RSUs") were granted pursuant to the Marpai Inc.'s (the "Company") 2024 Global Stock Incentive Plan. One-third (1/3) of the RSUs vested on February 19, 2026 (the "Effective Date"), one-third (1/3) of the RSUs vest upon the execution of a letter of intent or other comparable indication of interest approved by the Company's Board of Directors in connection with a potential strategic transaction (the "Strategic Transactions"), and the remaining one-third (1/3) of the RSUs vest upon the closing of the Strategic Transaction, in each case subject to the reporting person's continued service through the applicable vesting date. |
Class A Common Stock
|
100,000 |
| 2025-12-08 | PONS ROBERT M |
Director |
Other↓
Filing footnotes — Class A Common Stock (Direct)
Represents the forfeiture of unvested restricted stock units ("RSUs") pursuant to the terms of the award agreement. |
Class A Common Stock
|
50,000 |
| 2025-12-08 | Calabrese Jennifer Rosario |
Chief Financial Officer |
Other↓
Filing footnotes — Class A Common Stock (Direct)
Represents the forfeiture of unvested restricted stock units ("RSUs") pursuant to the terms of the award agreement. |
Class A Common Stock
|
50,000 |
| 2025-12-08 | SHIV SAGIV |
Director |
Other↓
Filing footnotes — Class A Common Stock (Direct)
Represents the forfeiture of unvested restricted stock units ("RSUs") pursuant to the terms of the award agreement. |
Class A Common Stock
|
50,000 |
| 2025-12-08 | EITAN YARON |
Director |
Other↓
Filing footnotes — Class A Common Stock (Direct)
Represents the forfeiture of unvested restricted stock units ("RSUs") pursuant to the terms of the award agreement. |
Class A Common Stock
|
50,000 |
| 2025-11-07 | EITAN YARON |
Director |
Buy↑
Filing footnotes — Common Warrants to purchase Shares of Common Stock (Direct)
On November 7, 2025, Marpai Inc. (the "Company") entered into a Securities Purchase Agreement for a private placement offering, in which the reporting person purchased 100,000 shares of common stock of the Company and common warrants to purchase up to 200,000 shares of common stock of the Company. The purchase price for each share of common stock and accompanying common warrant is $1.00. The common warrants have an exercise price of $1.00 per share, can be exercised immediately following the closing of the private placement offering and will be exercisable for three years following the date of issuance. |
Common Warrants to purchase Shares of Common Stock
|
200,000 |
| 2025-11-07 | EITAN YARON |
Director |
Buy↑
Filing footnotes — Class A Common Stock (Direct)
On November 7, 2025, Marpai Inc. (the "Company") entered into a Securities Purchase Agreement for a private placement offering, in which the reporting person purchased 100,000 shares of common stock of the Company and common warrants to purchase up to 200,000 shares of common stock of the Company. The purchase price for each share of common stock and accompanying common warrant is $1.00. The common warrants have an exercise price of $1.00 per share, can be exercised immediately following the closing of the private placement offering and will be exercisable for three years following the date of issuance. |
Class A Common Stock
|
100,000 |
| 2025-11-07 | Scrip Dallas |
Chief Operating Officer |
Buy↑
Filing footnotes — Common Warrants to purchase Shares of Common Stock (Indirect)
On November 7, 2025, Marpai Inc. (the "Company") entered into a Securities Purchase Agreement for a private placement offering, in which the reporting person purchased 100,000 shares of common stock of the Company and common warrants to purchase up to 200,000 shares of common stock of the Company. The purchase price for each share of common stock and accompanying common warrant is $1.00. The common warrants have an exercise price of $1.00 per share, can be exercised immediately following the closing of the private placement offering and will be exercisable for three years following the date of issuance. The securities are held by the Dallas S. Scrip and Michelle R. Script Trust, of which the reporting person and spouse are co-trustees and share investment and voting control. |
Common Warrants to purchase Shares of Common Stock
(I)
|
200,000 |
| 2025-11-07 | PONS ROBERT M |
Director |
Buy↑
Filing footnotes — Class A Common Stock (Direct)
On November 7, 2025, Marpai Inc. (the "Company") entered into a Securities Purchase Agreement for a private placement offering, in which the reporting person purchased 50,000 shares of common stock of the Company and common warrants to purchase up to 100,000 shares of common stock of the Company. The purchase price for each share of common stock and accompanying common warrant is $1.00. The common warrants have an exercise price of $1.00 per share, can be exercised immediately following the closing of the private placement offering and will be exercisable for three years following the date of issuance. |
Class A Common Stock
|
50,000 |
| 2025-11-07 | SHIV SAGIV |
Director |
Buy↑
Filing footnotes — Class A Common Stock (Direct)
On November 7, 2025, Marpai Inc. (the "Company") entered into a Securities Purchase Agreement for a private placement offering, in which the reporting person purchased 50,000 shares of common stock of the Company and common warrants to purchase up to 100,000 shares of common stock of the Company. The purchase price for each share of common stock and accompanying common warrant is $1.00. The common warrants have an exercise price of $1.00 per share, can be exercised immediately following the closing of the private placement offering and will be exercisable for three years following the date of issuance. |
Class A Common Stock
|
50,000 |
| 2025-11-07 | SHIV SAGIV |
Director |
Buy↑
Filing footnotes — Common Warrants to purchase Shares of Common Stock (Direct)
On November 7, 2025, Marpai Inc. (the "Company") entered into a Securities Purchase Agreement for a private placement offering, in which the reporting person purchased 50,000 shares of common stock of the Company and common warrants to purchase up to 100,000 shares of common stock of the Company. The purchase price for each share of common stock and accompanying common warrant is $1.00. The common warrants have an exercise price of $1.00 per share, can be exercised immediately following the closing of the private placement offering and will be exercisable for three years following the date of issuance. |
Common Warrants to purchase Shares of Common Stock
|
100,000 |
| 2025-11-07 | PONS ROBERT M |
Director |
Buy↑
Filing footnotes — Common Warrants to purchase Shares of Common Stock (Direct)
On November 7, 2025, Marpai Inc. (the "Company") entered into a Securities Purchase Agreement for a private placement offering, in which the reporting person purchased 50,000 shares of common stock of the Company and common warrants to purchase up to 100,000 shares of common stock of the Company. The purchase price for each share of common stock and accompanying common warrant is $1.00. The common warrants have an exercise price of $1.00 per share, can be exercised immediately following the closing of the private placement offering and will be exercisable for three years following the date of issuance. |
Common Warrants to purchase Shares of Common Stock
|
100,000 |
| 2025-11-07 | Scrip Dallas |
Chief Operating Officer |
Award↑
Filing footnotes — Class A Common Stock (Indirect)
On November 7, 2025, Marpai Inc. (the "Company") entered into a Securities Purchase Agreement for a private placement offering, in which the reporting person purchased 100,000 shares of common stock of the Company and common warrants to purchase up to 200,000 shares of common stock of the Company. The purchase price for each share of common stock and accompanying common warrant is $1.00. The common warrants have an exercise price of $1.00 per share, can be exercised immediately following the closing of the private placement offering and will be exercisable for three years following the date of issuance. The securities are held by the Dallas S. Scrip and Michelle R. Script Trust, of which the reporting person and spouse are co-trustees and share investment and voting control. |
Class A Common Stock
(I)
|
100,000 |
| 2025-10-20 | PONS ROBERT M |
Director |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The RSUs vest as follows: 50,000 RSUs are deemed fully vested on the issuance date and 50,000 RSUs vesting upon the Company's uplisting to Nasdaq. |
Class A Common Stock
|
100,000 |
| 2025-10-20 | SHIV SAGIV |
Director |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The RSUs are deemed fully vested on the issuance date |
Class A Common Stock
|
75,000 |
| 2025-10-20 | DiClaudio Colleen |
Director |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The RSUs are deemed fully vested on the issuance date. |
Class A Common Stock
|
75,000 |
| 2025-10-20 | EITAN YARON |
Director |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The RSUs are deemed fully vested on the issuance date. |
Class A Common Stock
|
125,000 |
| 2025-10-20 | PONS ROBERT M |
Director |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The RSUs vest over a period of nine months as follows: 25,000 RSUs vesting on the three month anniversary of the grant date, 25,000 RSUs vesting on the six month anniversary of the grant date and 25,000 RSUs vesting on the nine month anniversary of the grant date. |
Class A Common Stock
|
75,000 |
| 2025-10-20 | Calabrese Jennifer Rosario |
Chief Financial Officer |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The RSUs are deemed fully vested on the issuance date, |
Class A Common Stock
|
50,000 |
| 2025-10-20 | Johnson Steve Andrew |
Chief Financial Officer |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The RSUs are deemed fully vested on the issuance date. |
Class A Common Stock
|
275,000 |
| 2025-10-20 | PONS ROBERT M |
Director |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The RSUs are deemed fully vested on the issuance date. |
Class A Common Stock
|
50,000 |
| 2025-10-20 | Lamendola Damien |
Director, Chief Executive Officer, 10% Owner |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The RSUs are deemed fully vested on the issuance date. |
Class A Common Stock
|
550,000 |
| 2025-10-06 | Intelligent Fanatics Capital Management LLC |
10% Owner |
Sell↓
Filing footnotes — Common Shares, par value $0.0001 (Direct)
Intelligent Fanatics Capital Management LLC (IFCM) is the general partner of IFCM MicroCap Fund LP (Fund). The securities reported in this form are held directly by theFund and indirectly by IFCM and Mr. Cassel (see footnote 2). |
Common Shares, par value $0.0001
|
14,000 |
| 2025-10-06 | Intelligent Fanatics Capital Management LLC |
10% Owner |
Sell↓
Filing footnotes — Common Shares, par value $0.0001 (Indirect)
Intelligent Fanatics Capital Management LLC (IFCM) is the general partner of IFCM MicroCap Fund LP (Fund). The securities reported in this form are held directly by theFund and indirectly by IFCM and Mr. Cassel (see footnote 2). Mr. Cassel is the sole managing member of IFCM. Mr. Cassel has shared voting and investment power with respect to, and therefore may be deemed to be the beneficialowner of, the shares beneficially owned by the Fund. Mr. Cassel disclaims beneficial ownership of the shares beneficially owned by the Fund, other than the shares attributableto his limited and general partnership interest therein. |
Common Shares, par value $0.0001
(I)
|
14,000 |
| 2025-09-30 | Lamendola Damien |
Director, Chief Executive Officer, 10% Owner |
Buy↑
Filing footnotes — Class A Common Stock (Indirect)
Held by HillCour Investment Fund, LLC, of which Mr. Lamendola is the Manager, and holds the voting and dispositive power over the securities held by HillCour Investment Fund, LLC. |
Class A Common Stock
(I)
|
147,058 |
| 2025-09-10 | Lamendola Damien |
Director, Chief Executive Officer, 10% Owner |
Buy↑
Filing footnotes — Class A Common Stock (Indirect)
Held by HillCour Investment Fund, LLC, of which Mr. Lamendola is the Manager, and holds the voting and dispositive power over the securities held by HillCour Investment Fund, LLC. |
Class A Common Stock
(I)
|
896,903 |
| 2025-08-20 | Intelligent Fanatics Capital Management LLC |
10% Owner |
Sell↓
Filing footnotes — Common Shares, par value $0.0001 (Direct)
Intelligent Fanatics Capital Management LLC (IFCM) is the general partner of IFCM MicroCap Fund LP (Fund). The securities reported in this form are held directly by theFund and indirectly by IFCM and Mr. Cassel (see footnote 2). |
Common Shares, par value $0.0001
|
10,000 |
| 2025-08-20 | Intelligent Fanatics Capital Management LLC |
10% Owner |
Sell↓
Filing footnotes — Common Shares, par value $0.0001 (Indirect)
Intelligent Fanatics Capital Management LLC (IFCM) is the general partner of IFCM MicroCap Fund LP (Fund). The securities reported in this form are held directly by theFund and indirectly by IFCM and Mr. Cassel (see footnote 2). Mr. Cassel is the sole managing member of IFCM. Mr. Cassel has shared voting and investment power with respect to, and therefore may be deemed to be the beneficialowner of, the shares beneficially owned by the Fund. Mr. Cassel disclaims beneficial ownership of the shares beneficially owned by the Fund, other than the shares attributableto his limited and general partnership interest therein. |
Common Shares, par value $0.0001
(I)
|
10,000 |
| 2025-08-19 | Intelligent Fanatics Capital Management LLC |
10% Owner |
Sell↓
Filing footnotes — Common Shares, par value $0.0001 (Indirect)
Intelligent Fanatics Capital Management LLC (IFCM) is the general partner of IFCM MicroCap Fund LP (Fund). The securities reported in this form are held directly by theFund and indirectly by IFCM and Mr. Cassel (see footnote 2). Mr. Cassel is the sole managing member of IFCM. Mr. Cassel has shared voting and investment power with respect to, and therefore may be deemed to be the beneficialowner of, the shares beneficially owned by the Fund. Mr. Cassel disclaims beneficial ownership of the shares beneficially owned by the Fund, other than the shares attributableto his limited and general partnership interest therein. |
Common Shares, par value $0.0001
(I)
|
20,000 |
| 2025-08-19 | SHIV SAGIV |
Director |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The RSUs vest over a period of nine months as follows: 25,000 RSUs vested on the three month anniversary of the grant date, 25,000 RSUs vesting on the six month anniversary of the grant date and 25,000 RSUs vesting on the nine month anniversary of the grant date. On September 15, 2025, the Reporting Person filed a Form 4 (the "Original Report") which incorrectly stated the total securities beneficially owned following the reported transactions in Table I - Column 5 of the Original Report. The Reporting Person is filing this Form 4/A to amend and correct the discrepancy. |
Class A Common Stock
|
75,000 |
| 2025-08-19 | Calabrese Jennifer Rosario |
Chief Financial Officer |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The RSUs vest over a period of nine months as follows: 25,000 RSUs vested on the three month anniversary of the grant date, 25,000 RSUs vesting on the six month anniversary of the grant date and 25,000 RSUs vesting on the nine month anniversary of the grant date. |
Class A Common Stock
|
75,000 |
| 2025-08-19 | Intelligent Fanatics Capital Management LLC |
10% Owner |
Sell↓
Filing footnotes — Common Shares, par value $0.0001 (Direct)
Intelligent Fanatics Capital Management LLC (IFCM) is the general partner of IFCM MicroCap Fund LP (Fund). The securities reported in this form are held directly by theFund and indirectly by IFCM and Mr. Cassel (see footnote 2). |
Common Shares, par value $0.0001
|
20,000 |
| 2025-08-19 | EITAN YARON |
Director |
Award↑
Filing footnotes — Class A Common Stock (Direct)
The RSUs vest over a period of nine months as follows: 25,000 RSUs vested on the three month anniversary of the grant date, 25,000 RSUs vesting on the six month anniversary of the grant date and 25,000 RSUs vesting on the nine month anniversary of the grant date. On September 15, 2025, the Reporting Person filed a Form 4 (the "Original Report") which incorrectly stated the total securities beneficially owned following the reported transactions in Table I - Column 5 of the Original Report. The Reporting Person is filing this Form 4/A to amend and correct the discrepancy. |
Class A Common Stock
|
75,000 |
| 2025-08-18 | Intelligent Fanatics Capital Management LLC |
10% Owner |
Sell↓
Filing footnotes — Common Shares, par value $0.0001 (Indirect)
Intelligent Fanatics Capital Management LLC (IFCM) is the general partner of IFCM MicroCap Fund LP (Fund). The securities reported in this form are held directly by theFund and indirectly by IFCM and Mr. Cassel (see footnote 2). Mr. Cassel is the sole managing member of IFCM. Mr. Cassel has shared voting and investment power with respect to, and therefore may be deemed to be the beneficialowner of, the shares beneficially owned by the Fund. Mr. Cassel disclaims beneficial ownership of the shares beneficially owned by the Fund, other than the shares attributableto his limited and general partnership interest therein. |
Common Shares, par value $0.0001
(I)
|
20,000 |
| 2025-08-18 | Intelligent Fanatics Capital Management LLC |
10% Owner |
Sell↓
Filing footnotes — Common Shares, par value $0.0001 (Direct)
Intelligent Fanatics Capital Management LLC (IFCM) is the general partner of IFCM MicroCap Fund LP (Fund). The securities reported in this form are held directly by theFund and indirectly by IFCM and Mr. Cassel (see footnote 2). |
Common Shares, par value $0.0001
|
20,000 |
| 2025-08-15 | Intelligent Fanatics Capital Management LLC |
10% Owner |
Sell↓
Filing footnotes — Common Shares, par value $0.0001 (Direct)
Intelligent Fanatics Capital Management LLC (IFCM) is the general partner of IFCM MicroCap Fund LP (Fund). The securities reported in this form are held directly by theFund and indirectly by IFCM and Mr. Cassel (see footnote 2). |
Common Shares, par value $0.0001
|
20,000 |
| 2025-08-15 | Intelligent Fanatics Capital Management LLC |
10% Owner |
Sell↓
Filing footnotes — Common Shares, par value $0.0001 (Indirect)
Intelligent Fanatics Capital Management LLC (IFCM) is the general partner of IFCM MicroCap Fund LP (Fund). The securities reported in this form are held directly by theFund and indirectly by IFCM and Mr. Cassel (see footnote 2). Mr. Cassel is the sole managing member of IFCM. Mr. Cassel has shared voting and investment power with respect to, and therefore may be deemed to be the beneficialowner of, the shares beneficially owned by the Fund. Mr. Cassel disclaims beneficial ownership of the shares beneficially owned by the Fund, other than the shares attributableto his limited and general partnership interest therein. |
Common Shares, par value $0.0001
(I)
|
20,000 |
| 2025-08-13 | Intelligent Fanatics Capital Management LLC |
10% Owner |
Sell↓
Filing footnotes — Common Shares, par value $0.0001 (Direct)
Intelligent Fanatics Capital Management LLC (IFCM) is the general partner of IFCM MicroCap Fund LP (Fund). The securities reported in this form are held directly by theFund and indirectly by IFCM and Mr. Cassel (see footnote 2). |
Common Shares, par value $0.0001
|
10,000 |
| 2025-08-13 | Intelligent Fanatics Capital Management LLC |
10% Owner |
Sell↓
Filing footnotes — Common Shares, par value $0.0001 (Indirect)
Intelligent Fanatics Capital Management LLC (IFCM) is the general partner of IFCM MicroCap Fund LP (Fund). The securities reported in this form are held directly by theFund and indirectly by IFCM and Mr. Cassel (see footnote 2). Mr. Cassel is the sole managing member of IFCM. Mr. Cassel has shared voting and investment power with respect to, and therefore may be deemed to be the beneficialowner of, the shares beneficially owned by the Fund. Mr. Cassel disclaims beneficial ownership of the shares beneficially owned by the Fund, other than the shares attributableto his limited and general partnership interest therein. |
Common Shares, par value $0.0001
(I)
|
10,000 |
| 2025-07-29 | Lamendola Damien |
Director, Chief Executive Officer, 10% Owner |
Buy↑
Filing footnotes — Class A Common Stock (Indirect)
Held by HillCour Investment Fund, LLC, of which Mr. Lamendola is the Manager, and holds the voting and dispositive power over the securities held by HillCour Investment Fund, LLC. |
Class A Common Stock
(I)
|
371,470 |
| 2025-07-17 | Lamendola Damien |
Director, Chief Executive Officer, 10% Owner |
Buy↑
Filing footnotes — Class A Common Stock (Indirect)
Held by HillCour Investment Fund, LLC, of which Mr. Lamendola is the Manager, and holds the voting and dispositive power over the securities held by HillCour Investment Fund, LLC. |
Class A Common Stock
(I)
|
86,805 |