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Marti Technologies (MRT) director receives stock award instead of 2026 cash retainer

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Healey Kerry Murphy reported acquisition or exercise transactions in this Form 4 filing.

Marti Technologies director Healey Kerry Murphy received an equity grant as part of regular board compensation. The filing shows an award of 3,732 fully vested Class A Ordinary Shares issued under the company’s 2023 Incentive Award Plan instead of a cash retainer for second-quarter 2026 board service.

After this grant, Murphy directly holds 240,134 Class A Ordinary Shares. This total includes 36,764 shares underlying restricted stock units that vest on the earlier of the company’s 2026 annual general meeting of shareholders or December 24, 2026, as long as board service continues.

Positive

  • None.

Negative

  • None.
Insider Healey Kerry Murphy
Role null
Type Security Shares Price Value
Grant/Award Class A Ordinary Shares, par value $0.0001 per share 3,732 $0.00 --
Holdings After Transaction: Class A Ordinary Shares, par value $0.0001 per share — 240,134 shares (Direct, null)
Footnotes (1)
  1. Represents fully-vested Class A Ordinary Shares issued under the Issuer's 2023 Incentive Award Plan in lieu of the reporting person's cash retainer for second quarter of 2026 board service. Includes 36,764 Class A Ordinary Shares underlying restricted stock units granted under the Issuer'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.
Equity award shares 3,732 shares Fully vested Class A Ordinary Shares granted in lieu of Q2 2026 cash retainer
Total shares after transaction 240,134 shares Director’s direct holdings following the June 30, 2026 award
RSUs underlying shares 36,764 shares Class A Ordinary Shares underlying restricted stock units under 2023 Incentive Award Plan
RSU vesting date Earlier of 2026 AGM or December 24, 2026 Vesting condition for 36,764 RSU underlying shares, subject to continued service
Grant price per share $0.0000 per share Reported transaction price for the 3,732-share award
2023 Incentive Award Plan financial
"issued under the Issuer's 2023 Incentive Award Plan in lieu of the reporting person's cash retainer"
restricted stock units financial
"Includes 36,764 Class A Ordinary Shares underlying restricted stock units granted under the Issuer's 2023 Incentive Award Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Ordinary Shares financial
"Represents fully-vested Class A Ordinary Shares issued under the Issuer's 2023 Incentive Award Plan"
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Healey Kerry Murphy
(Last)(First)(Middle)
C/O MARTI TECHNOLOGIES, INC.
BUYUKDERE CD. NO: 237 MASLAK SARIYER
(Street)
ISTANBUL34485
(City)(State)(Zip)
TURKEY
(Country)		2. Issuer Name and Ticker or Trading Symbol
Marti Technologies, Inc. [ MRT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Ordinary Shares, par value $0.0001 per share06/30/2026A3,732(1)A$0240,134(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents fully-vested Class A Ordinary Shares issued under the Issuer's 2023 Incentive Award Plan in lieu of the reporting person's cash retainer for second quarter of 2026 board service.
2. Includes 36,764 Class A Ordinary Shares underlying restricted stock units granted under the Issuer'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.
/s/ Kerry Murphy Healey07/02/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Marti Technologies (MRT) report for Healey Kerry Murphy?

Marti Technologies reported that director Healey Kerry Murphy received 3,732 fully vested Class A Ordinary Shares as an equity award, issued instead of a cash retainer for second-quarter 2026 board service under the 2023 Incentive Award Plan.

How many Marti Technologies (MRT) shares does Healey Kerry Murphy hold after this Form 4?

After the reported award, Healey Kerry Murphy directly holds 240,134 Class A Ordinary Shares. This figure combines currently held shares and restricted stock units scheduled to vest, reflecting the director’s total direct equity position following the transaction.

Was cash involved in Healey Kerry Murphy’s Marti Technologies (MRT) Form 4 transaction?

No cash changed hands in this transaction. The company issued 3,732 fully vested Class A Ordinary Shares in lieu of Murphy’s cash retainer for second-quarter 2026 board service, treating equity as the form of compensation instead of cash.

What are the vesting terms of Healey Kerry Murphy’s Marti Technologies (MRT) restricted stock units?

Murphy holds 36,764 Class A Ordinary Shares underlying restricted stock units. These units vest on the earlier of Marti Technologies’ 2026 annual general meeting of shareholders or December 24, 2026, provided Murphy continues serving on the board through that date.

Is the Marti Technologies (MRT) Form 4 transaction a grant or an open-market purchase?

The Form 4 reflects a grant, not an open-market purchase. The 3,732 Class A Ordinary Shares were issued under the 2023 Incentive Award Plan as a fully vested stock award in place of a cash retainer, with no market transaction reported.

How does Marti Technologies (MRT) compensate directors for 2026 board service according to this filing?

For second-quarter 2026 board service, Marti Technologies compensated director Healey Kerry Murphy with fully vested Class A Ordinary Shares issued under the 2023 Incentive Award Plan, instead of paying a cash retainer, illustrating equity-based compensation for board members.