Marti Technologies doubles buyback to $5 million

Rhea-AI Filing Summary

Marti Technologies, Inc. (MRT) announced that its Board of Directors has increased the authorization under its share repurchase program from $2.5 million to $5.0 million and extended the program through April 26, 2027, while keeping a ceiling price of $6.00 per share.

As of September 9, 2026, $3.8 million remained available for repurchases. Since launching the program in January 2024, Marti has repurchased 795,467 Class A ordinary shares at an average price of $1.95 per share, for a total of about $1.6 million. Repurchases may occur in open-market or privately negotiated transactions, subject to market conditions, legal limits, and the company’s capital needs.

Positive

• Share repurchase authorization doubled to $5.0 million, signaling continued commitment to returning capital and providing flexibility to buy back shares at management’s discretion.
• Extension of the repurchase program through April 26, 2027 allows a longer window to conduct buybacks when market conditions are favorable.

Negative

• None.

Key Figures

Repurchase authorization: $5.0 million Prior authorization: $2.5 million Remaining authorization: $3.8 million +5 more

8 metrics

Repurchase authorization $5.0 million Total size of Marti’s expanded share repurchase program

Prior authorization $2.5 million Original size of the share repurchase program before this increase

Remaining authorization $3.8 million Repurchase capacity available as of September 9, 2026

Repurchase ceiling price $6.00 per share Maximum price at which shares may be repurchased under the program

Recent share price $2.13 per share Closing price of Marti’s shares on September 9, 2026

Shares repurchased to date 795,467 shares Class A ordinary shares repurchased since January 2024

Average repurchase price $1.95 per share Average price paid for shares repurchased since program inception

Aggregate repurchase spend $1.6 million Total amount spent on share repurchases since January 2024

Key Terms

share repurchase program, Rule 10b-18, forward-looking statements, Private Securities Litigation Reform Act of 1995, +1 more

5 terms

share repurchase program financial

"increased the authorization under the Company’s share repurchase program"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

Rule 10b-18 regulatory

"in accordance with applicable securities laws and regulations, including Rule 10b-18"

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

forward-looking statements regulatory

"Certain statements made in this press release constitute forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Private Securities Litigation Reform Act of 1995 regulatory

"within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995"

capital allocation financial

"reflects Marti’s continued commitment to disciplined capital allocation"

Capital allocation is the process of deciding how a company or individual uses their money to grow, pay bills, save, or invest. It matters because good decisions can help build wealth and ensure resources are used wisely, while poor choices can limit growth or cause financial problems. Think of it like managing your allowance—deciding whether to spend, save, or invest to meet your goals.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What change did Marti Technologies (MRT) make to its share repurchase program?

Marti’s Board increased the authorization under its share repurchase program from $2.5 million to $5.0 million and extended the program through April 26, 2027, while maintaining a $6.00 per-share ceiling for repurchases.

How much capacity remains under Marti’s (MRT) repurchase program?

As of September 9, 2026, approximately $3.8 million remained available for share repurchases under Marti’s expanded $5.0 million repurchase authorization.

How many Marti (MRT) shares have been repurchased so far and at what price?

Since January 2024, Marti has repurchased 795,467 Class A ordinary shares at an average price of $1.95 per share, for an aggregate purchase price of approximately $1.6 million.

What is Marti’s (MRT) share price relative to the repurchase ceiling?

Marti’s shares closed at $2.13 per share on September 9, 2026, compared with the repurchase program’s ceiling price of $6.00 per share, giving the company room to repurchase below the stated maximum price.

How and when may Marti (MRT) execute share repurchases?

The expanded program is effective immediately and runs through April 26, 2027. Repurchases may be made periodically in open-market or privately negotiated transactions in accordance with Rule 10b-18 and other applicable laws, subject to capital needs and market conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/10/2026 - 06:12 AM Accepted by SEC EDGAR 09/10/2026 - 06:12 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2026

Commission File Number: 001-40588

Marti Technologies, Inc.

Buyukdere Cd. No:237

Maslak, 34485

Sariyer/Istanbul, Türkiye

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒         Form 40-F ☐ 

EXPLANATORY NOTE

On September 10, 2026, Marti Technologies, Inc. (the “Company”) issued a press release announcing that the Board of Directors (the “Board”) of the Company has increased authorization under the Company’s share repurchase program (the “Repurchase Program”) from $2.5 million to $5.0 million and extended the Repurchase Program through April 26, 2027. The Board maintained the ceiling price of $6.00 per share for the share repurchases.

A copy of the Company’s press release is furnished hereto as Exhibit 99.1.

1

EXHIBIT INDEX

Exhibit No.		Description of Exhibit
99.1		Press Release of Marti Technologies, Inc., dated September 10, 2026.

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	MARTI TECHNOLOGIES, INC.
Date: September 10, 2026	By:	/s/ Oguz Alper Öktem
		Name:	Oguz Alper Öktem
		Title:	Chief Executive Officer

3

Exhibit 99.1

Marti Increases Share Repurchase Authorization to $5 Million and Extends Program Through April 2027

Istanbul, Türkiye, September 10, 2026 —Türkiye’s leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced that its Board of Directors (the “Board”) has increased the authorization under the Company’s share repurchase program (the “Repurchase Program”) from $2.5 million to $5.0 million and extended the Repurchase Program through April 26, 2027.

The expanded authorization reflects Marti’s continued commitment to disciplined capital allocation and provides the Company with additional flexibility to repurchase its Class A ordinary shares when market conditions and other factors are favorable. The Board maintained the existing $6.00 per-share ceiling for repurchases.

Approximately $3.8 million remains available for repurchases under the Repurchase Program as of September 9, 2026. Marti’s shares closed at $2.13 per share on September 9, 2026.

Since initiating its share repurchase program in January 2024, Marti has repurchased 795,467 Class A ordinary shares at an average price of $1.95 per share, representing an aggregate purchase price of approximately $1.6 million.

The expanded Repurchase Program is effective immediately and will remain in place through April 26, 2027, unless modified, suspended or discontinued earlier by the Board. Repurchases may be made from time to time in privately negotiated or open-market transactions in accordance with applicable securities laws and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended.

The timing and amount of any repurchases will be determined by Marti’s management based on a variety of factors, including the Company’s assessment of its capital needs, market conditions, the market price of its Class A ordinary shares, available liquidity, compliance with its debt and other agreements, applicable legal and contractual restrictions, and its broader capital allocation and business strategy. The Board may review the program periodically and may modify, extend, suspend or discontinue it at any time.

About Marti:

Founded in 2018, Marti is Türkiye’s leading mobility app, offering a wide variety of transportation services. Marti operates a ride-hailing service that matches riders with car, motorcycle, and taxi drivers; offers delivery services; and operates a large fleet of rental e-mopeds, e-bikes, and e-scooters. All of Marti’s offerings are serviced by proprietary software systems and IoT infrastructure. For more information, visit www.marti.tech.

Cautionary Note Regarding Forward-Looking Statements:

Certain statements made in this press release constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements related to the Repurchase Program and the timing of share repurchases, if any. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including the risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s Annual Report on Form 20-F. Marti undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise, except as required by law.

Investor Contact

Marti Technologies, Inc.

Turgut Yilmaz

Investor.relations@marti.tech

Media Contact

EFG Media Relations

Edwina Frawley-Gangahar

edwina@efgmediarelations.com

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 PRESS RELEASE OF MARTI TECHNOLOGIES, INC., DATED SEPTEMBER 10, 2026. 7.9 KB