Form 4 for MDAI Spectral AI, Inc.

Accepted 2023-09-13 00:00:00 ET · period of report 2023-09-11 · accession 0001209191-23-049206 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2023-09-13	2023-09-11	MDAI	Edmonds Franklin S. Jr.	Dir	M - OptEx	$0.00	+20.0K	20.0K	New	$0
D	2023-09-13	2023-09-11	MDAI	Edmonds Franklin S. Jr.	Dir	M - OptEx	$0.00	-20.0K	0	-100%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2023-09-11	M	A	20,000	$0.00	20,000	D	—	—
2	Derivative	Class B Common Stock	2023-09-11	M	D	20,000	$0.00	0	D	— · — to —	20,000 Class A Common Stock	(F1) Pursuant to that certain Business Combination Agreement, dated as of April 11, 2023, by and among the Issuer, Ghost Merger Sub I Inc., a Delaware corporation and a wholly owned subsidiary of the Issuer, Ghost Merger Sub II LLC, a Delaware limited liability company and a wholly owned subsidiary of the Issuer, and Spectral MD Holdings, Ltd., a Delaware corporation, the Issuer consummated its initial business combination on September 11, 2023, whereby, among other things, each share of the Issuer's Class B common stock was converted into one share of the Issuer's Class A common stock, which was redesignated as common stock. (F2) Shares of the Issuer's Class B common stock were automatically convertible into shares of the Issuer's Class A common stock at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and had no expiration date.