Spectral AI (MDAI) director receives 25,000-share stock grant and discloses options

Rhea-AI Filing Summary

Spectral AI, Inc. director Marion Ann Snyder reported an equity award and updated her holdings in company stock and derivatives. On April 24, 2026, she received a grant of 25,000 shares of Common Stock, recorded at a price of $0.0000 per share, bringing her direct common stock ownership to 25,000 shares.

She also holds vested non-qualified stock options over 17,717, 50,000, and 13,568 shares of Common Stock with exercise prices of $1.27, $1.25, and $1.67 per share, expiring between 2034 and 2035, plus 25,000 restricted stock units tied to Common Stock, with 50% vesting on April 20, 2026 and the remaining 50% scheduled for April 1, 2027.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Snyder Marion Ann

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	25,000	$0.00	--
holding	Restricted Stock Unit	--	--	--
holding	NQSO	--	--	--
holding	NQSO	--	--	--
holding	NQSO	--	--	--

Holdings After Transaction: Common Stock — 25,000 shares (Direct, null); Restricted Stock Unit — 25,000 shares (Direct, null); NQSO — 13,568 shares (Direct, null)

Footnotes (1)

1. The total includes 25,000 restricted stock units ("RSUs"), which are fully vested and were issued on 4/24/2026. 50% of the RSUs vested on April 20, 2026. 50% of the RSUs will vest on April 1, 2027. 100% of the stock options were vested as of the date hereof.

Key Figures

Common stock grant: 25,000 shares at $0.0000 Options at $1.27: 17,717 underlying shares Options at $1.25: 50,000 underlying shares +3 more

6 metrics

Common stock grant 25,000 shares at $0.0000 Award to director on April 24, 2026

Options at $1.27 17,717 underlying shares Non-qualified stock options expiring April 24, 2035

Options at $1.25 50,000 underlying shares Non-qualified stock options expiring April 23, 2035

Options at $1.67 13,568 underlying shares Non-qualified stock options expiring May 15, 2034

Restricted stock units 25,000 underlying shares RSUs on Common Stock expiring April 20, 2036

RSU vesting schedule 50% vested, 50% future vesting 50% on April 20, 2026; 50% on April 1, 2027

Key Terms

Restricted Stock Unit, NQSO, non-qualified stock options, vested, +1 more

5 terms

Restricted Stock Unit financial

"security_title": "Restricted Stock Unit""

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

NQSO financial

"security_title": "NQSO""

non-qualified stock options financial

"100% of the stock options were vested as of the date hereof"

Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.

vested financial

"50% of the RSUs vested on April 20, 2026"

underlying security financial

"underlying_security_title": "Common Stock""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

Snyder Marion Ann

(Last) (First) (Middle)

2515 MCKINNEY AVENUE

SUITE 1000

(Street)

DALLAS TEXAS 75201

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Spectral AI, Inc. [ MDAI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/24/2026		A		25,000(1)	A	$0.00	25,000	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	$1.84							(2)	04/20/2036	Common Stock	25,000		25,000	D
NQSO	$1.67							(3)	05/15/2034	Common Stock	13,568		13,568	D
NQSO	$1.25							(3)	04/23/2035	Common Stock	50,000		50,000	D
NQSO	$1.27							(3)	04/24/2035	Common Stock	17,717		17,717	D

Explanation of Responses:

1. The total includes 25,000 restricted stock units ("RSUs"), which are fully vested and were issued on 4/24/2026.

2. 50% of the RSUs vested on April 20, 2026. 50% of the RSUs will vest on April 1, 2027.

3. 100% of the stock options were vested as of the date hereof.

	/s/ Marion Ann Snyder	04/27/2026
	** Signature of Reporting Person	Date
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)

FAQ

What did Spectral AI (MDAI) director Marion Ann Snyder report on this Form 4?

Marion Ann Snyder reported receiving a grant of 25,000 shares of Common Stock in Spectral AI at $0.0000 per share, and disclosed her updated holdings of stock options and restricted stock units tied to the company’s Common Stock.

How many Spectral AI (MDAI) common shares did Marion Ann Snyder acquire?

She acquired 25,000 shares of Common Stock in Spectral AI through a grant recorded on April 24, 2026, at a stated transaction price of $0.0000 per share, resulting in direct ownership of 25,000 common shares after the transaction.

What stock options does Marion Ann Snyder hold in Spectral AI (MDAI)?

She holds non-qualified stock options over 17,717 shares at $1.27, 50,000 shares at $1.25, and 13,568 shares at $1.67 per share, all on Spectral AI Common Stock, with expirations in 2034 and 2035.

What restricted stock units does Marion Ann Snyder have in Spectral AI (MDAI)?

She has 25,000 restricted stock units tied to Spectral AI Common Stock. According to the disclosure, 50% of these RSUs vested on April 20, 2026, with the remaining 50% scheduled to vest on April 1, 2027.

Were there any Spectral AI (MDAI) stock sales by Marion Ann Snyder in this filing?

The filing shows no reported stock sales. It lists one acquisition of 25,000 Common Stock shares through a grant and several holding entries for vested stock options and restricted stock units, without any open-market or other sale transactions.

When do Marion Ann Snyder’s Spectral AI stock options expire?

Her non-qualified stock options on Spectral AI Common Stock expire on May 15, 2034, April 23, 2035, and April 24, 2035, corresponding to exercise prices of $1.67, $1.25, and $1.27 per share, respectively.