Insider Durgun Cankut reports 17.4M Marti Technologies (MRT) shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Marti Technologies, Inc. director and executive officer Durgun Cankut filed an initial statement of beneficial ownership. The filing reports indirect beneficial ownership of 17,440,565 Class A Ordinary Shares, including 14,279,708 Ordinary Shares and 3,160,857 shares underlying restricted stock units that vest in installments through July 10, 2028. These shares are held by the reporting person's spouse, Esra Unluaslan Durgun; the reporting person may be deemed to share beneficial ownership but disclaims beneficial ownership of the spouse-held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Durgun Cankut
Role
COO, President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Ordinary Shares, par value $0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Class A Ordinary Shares, par value $0.0001 per share — 17,440,565 shares (Indirect, See Footnote)
Footnotes (1)
- Includes (i) 14,279,708 Ordinary Shares and (ii) 3,160,857 Ordinary Shares underlying restricted stock units granted under the Company's 2023 Incentive Award Plan, as amended, which vest in installments through July 10, 2028. These shares are held by the reporting person's spouse, Esra Unluaslan Durgun. The reporting person may be deemed to share beneficial ownership of such shares and disclaims beneficial ownership thereof.
FAQ
What does Durgun Cankut’s Form 3 filing for Marti Technologies (MRT) show?
The Form 3 shows indirect beneficial ownership of 17,440,565 Class A Ordinary Shares. This includes existing shares and restricted stock units, establishing Cankut’s starting equity position as a director and executive officer of Marti Technologies, Inc.
When do the restricted stock units in the Marti Technologies (MRT) Form 3 vest?
The 3,160,857 Ordinary Shares underlying restricted stock units vest in installments through July 10, 2028. These RSUs were granted under Marti Technologies, Inc.’s 2023 Incentive Award Plan, as amended, and become shares over time as vesting milestones are reached.
Does the Marti Technologies (MRT) Form 3 reflect a recent buy or sell transaction?
No, this Form 3 functions as an initial statement of beneficial ownership. It reports existing indirect holdings and restricted stock units for Durgun Cankut, rather than documenting a new purchase, sale, or other transaction in Marti Technologies, Inc. shares.