Marti Technologies (MRT) director Douglas Lute reports 191,826-share equity stake

Rhea-AI Filing Summary

Marti Technologies, Inc. director Douglas Lute filed an initial ownership report showing a direct holding of 191,826 Class A Ordinary Shares. This position includes 155,062 Ordinary Shares and 36,764 shares underlying restricted stock units granted under the company’s 2023 Incentive Award Plan.

The 36,764 restricted stock units vest on the earlier of the company’s 2026 annual general meeting of shareholders or December 24, 2026, subject to Mr. Lute’s continued service. This filing does not report a new purchase or sale, but establishes his existing equity stake and equity-based awards.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Lute Douglas

(Last) (First) (Middle)

C/O MARTI TECHNOLOGIES, INC.

BUYUKDERE CD. NO: 237 MASLAK SARIYER

(Street)

ISTANBUL 34485

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Marti Technologies, Inc. [ MRT ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

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

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

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Shares, par value $0.0001 per share	191,826(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes (i) 155,062 Ordinary Shares and (ii) 36,764 Ordinary Shares underlying restricted stock units granted under the Company's 2023 Incentive Award Plan, which vest on the earlier of the Company's 2026 annual general meeting of shareholders or December 24, 2026, subject to continued service.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Ilyas Gezer, Attorney-in-Fact for Douglas Lute	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does Douglas Lute’s Form 3 filing show for Marti Technologies (MRT)?

The Form 3 shows that director Douglas Lute directly holds 191,826 Class A Ordinary Shares of Marti Technologies, Inc.. This total combines existing shares and unvested restricted stock units granted under the company’s 2023 Incentive Award Plan.

How many Marti Technologies (MRT) shares and RSUs does Douglas Lute hold?

Douglas Lute holds 155,062 Ordinary Shares and 36,764 shares underlying restricted stock units, for a total reported position of 191,826 Class A Ordinary Shares. All of these holdings are reported as directly owned.

When do Douglas Lute’s restricted stock units in Marti Technologies (MRT) vest?

The 36,764 restricted stock units vest on the earlier of Marti Technologies’ 2026 annual general meeting of shareholders or December 24, 2026, subject to Douglas Lute’s continued service with the company until that vesting date.

Does Douglas Lute’s Marti Technologies (MRT) Form 3 show any stock purchases or sales?

No, the Form 3 does not show any purchases or sales. It is an initial statement of beneficial ownership, listing Douglas Lute’s existing Ordinary Shares and his unvested restricted stock units as of the reporting date.

What type of security is reported in Douglas Lute’s Form 3 for Marti Technologies (MRT)?

The filing reports Class A Ordinary Shares, par value $0.0001 per share. This includes both currently owned Ordinary Shares and Ordinary Shares issuable upon vesting of restricted stock units granted under the 2023 Incentive Award Plan.