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Marti Technologies (NYSE: MRT) details progress on $2.5M share repurchase

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Marti Technologies, Inc. provided an update on its ongoing share repurchase program. Since the program began on January 10, 2024, the company has repurchased 274,200 MRT ordinary shares at an average price of $2.25 per share, for a total cash outlay of $618,296.

The program authorizes up to $2.5 million of repurchases, is subject to a ceiling price of $6.00 per share, and is scheduled to run through October 26, 2026. Management notes that future repurchases and their timing remain subject to various factors and the usual forward-looking risks.

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Shares repurchased 274,200 shares Since start of program on January 10, 2024
Average repurchase price $2.25 per share Average price paid for repurchased shares
Total repurchase outlay $618,296 Cash spent on buybacks to date
Program authorization $2.5 million Maximum size of share repurchase program
Ceiling repurchase price $6.00 per share Maximum price per share under program terms
Program end date October 26, 2026 Scheduled expiration of repurchase program
Program start date January 10, 2024 Initial initiation of share repurchase program
share repurchase program financial
"Further to the share repurchase program first initiated on January 10, 2024"
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.
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.
safe harbor regulatory
"within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995"
Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.
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"
Annual Report on Form 20-F regulatory
"including the Company’s Annual Report on Form 20-F"
An annual report on Form 20-F is a standardized filing that foreign companies submit to the U.S. securities regulator to disclose their financial results, business operations, risks, and management’s discussion of performance. It matters to investors because it provides a complete, audited snapshot—like a company’s financial report card and shareholder letter combined—used to assess transparency, compare companies, and judge whether the stock’s price matches underlying business strengths and risks.
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Form 6-K: How Foreign Companies Report to the SEC →

 

 

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 June 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 June 29, 2026, Marti Technologies, Inc. (the “Company”) issued a press release announcing that since the start of the share repurchase program first initiated on January 10, 2024, and extended and replaced from time to time, it has repurchased 274,200 MRT ordinary shares at an average price of $2.25 per share, for a total outlay of $618,296. The up to $2.5 million repurchase program, which is subject to a ceiling price of $6.00 per share, will run through October 26, 2026. 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 June 29, 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: June 29, 2026 By:

/s/ Oguz Alper Öktem

    Name: Oguz Alper Öktem
    Title: Chief Executive Officer

 

3

 

Exhibit 99.1

 

Marti Technologies Provides Update on Its Share Repurchase Program

 

Istanbul, Türkiye, June 29, 2026 — Further to the share repurchase program first initiated on January 10, 2024, and extended and replaced from time to time, Marti Technologies, Inc. (NYSE American: MRT) announces that, since the start of the program, it has repurchased 274,200 MRT ordinary shares at an average price of $2.25 per share, for a total outlay of $618,296. The up to $2.5 million repurchase program, which is subject to a ceiling price of $6.00 per share, will run through October 26, 2026.

 

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 share 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

 

Source: View Original Filing on SEC EDGAR

FAQ

What did Marti Technologies (MRT) announce about its share repurchase program?

Marti Technologies announced an update on its ongoing share repurchase program. Since January 10, 2024, it has bought back 274,200 ordinary shares for a total of $618,296, reflecting an average repurchase price of $2.25 per share under the authorized program.

How much stock has Marti Technologies (MRT) repurchased so far?

The company has repurchased 274,200 MRT ordinary shares since the program’s start. These shares were acquired at an average price of $2.25 per share, resulting in a total cash outlay of $618,296 under the ongoing share repurchase authorization.

What is the total size of Marti Technologies’ (MRT) share repurchase authorization?

The share repurchase program authorizes up to $2.5 million in buybacks. Repurchases are subject to a ceiling price of $6.00 per share and may be conducted over time, giving the company flexibility in how it executes the program.

How long will Marti Technologies’ (MRT) share repurchase program run?

The share repurchase program is scheduled to run through October 26, 2026. During this period, Marti may continue to repurchase shares, up to the $2.5 million authorization and subject to the $6.00 per share ceiling price condition.

What price limits apply to Marti Technologies’ (MRT) share repurchases?

Repurchases under the program are subject to a ceiling price of $6.00 per share. So far, Marti has bought 274,200 shares at an average price of $2.25, staying well below the stated per-share maximum for the authorization.

What risks does Marti Technologies (MRT) highlight regarding its repurchase program?

The company describes statements about the repurchase program and timing of any future buybacks as forward-looking. It notes that actual activity may differ due to risks and uncertainties outlined in its SEC filings, including its Annual Report on Form 20-F.

Filing Exhibits & Attachments

1 document

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