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Marti Technologies (MRT) director granted 3,199 shares as Q1 2026 board fee

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

Rhea-AI Filing Summary

Ugur Agah reported acquisition or exercise transactions in this Form 4 filing.

Marti Technologies, Inc. director Ugur Agah received a grant of 3,199 fully vested Class A Ordinary Shares as compensation for first-quarter 2026 board service, issued under the company’s 2023 Incentive Award Plan in lieu of a cash retainer. Following this award, Agah directly holds 388,840 Class A Ordinary Shares. The holdings also include 31,512 Class A Ordinary Shares underlying restricted stock units that are scheduled to vest on the earlier of the company’s 2026 annual general meeting of shareholders or December 24, 2026, subject to continued service.

Positive

  • None.

Negative

  • None.
Insider Ugur Agah
Role Director
Type Security Shares Price Value
Grant/Award Class A Ordinary Shares, par value $0.0001 per share 3,199 $0.00 --
Holdings After Transaction: Class A Ordinary Shares, par value $0.0001 per share — 388,840 shares (Direct)
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 first quarter of 2026 board service. Includes 31,512 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.
Director share grant 3,199 shares Fully vested Class A Ordinary Shares for Q1 2026 board service
Shares held after transaction 388,840 shares Total Class A Ordinary Shares directly held by Ugur Agah after grant
Unvested RSUs 31,512 shares Class A Ordinary Shares underlying RSUs vesting by 2026 meeting or December 24, 2026
Transaction price per share $0.0000 per share Recorded price for the 3,199-share grant under equity plan
restricted stock units financial
"Includes 31,512 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.
2023 Incentive Award Plan financial
"issued under the Issuer's 2023 Incentive Award Plan in lieu of the reporting person's cash retainer"
cash retainer financial
"in lieu of the reporting person's cash retainer for first quarter of 2026 board service"
fully-vested Class A Ordinary Shares financial
"Represents fully-vested Class A Ordinary Shares issued under the Issuer's 2023 Incentive Award Plan"
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*
Ugur Agah
(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)
03/31/2026		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 share03/31/2026A3,199(1)A$0388,840(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 first quarter of 2026 board service.
2. Includes 31,512 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/ Agah Ugur04/02/2026
** 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 Ugur Agah?

Marti Technologies reported that director Ugur Agah acquired 3,199 fully vested Class A Ordinary Shares. These shares were granted under the 2023 Incentive Award Plan as compensation for first-quarter 2026 board service, replacing a cash retainer for that period.

How many Marti Technologies (MRT) shares does Ugur Agah hold after this Form 4 transaction?

After this transaction, Ugur Agah directly holds 388,840 Class A Ordinary Shares of Marti Technologies. This total includes the 3,199 fully vested shares just granted as board compensation for the first quarter of 2026 under the company’s 2023 Incentive Award Plan.

What is the nature of the 3,199 Marti Technologies (MRT) shares granted to Ugur Agah?

The 3,199 shares granted to Ugur Agah are fully vested Class A Ordinary Shares. They were issued under Marti Technologies’ 2023 Incentive Award Plan in lieu of his cash retainer for first-quarter 2026 board service, functioning as non-cash director compensation.

Does Ugur Agah have any unvested Marti Technologies (MRT) equity awards outstanding?

Yes. Agah’s holdings include 31,512 Class A Ordinary Shares underlying restricted stock units. These RSUs were granted under the 2023 Incentive Award Plan and are set to vest on the earlier of the 2026 annual meeting or December 24, 2026, subject to continued service.

At what price were the 3,199 Marti Technologies (MRT) shares granted to Ugur Agah recorded?

The 3,199 Class A Ordinary Shares granted to Ugur Agah were recorded at a transaction price per share of $0.0000. This reflects their nature as a compensation grant under the 2023 Incentive Award Plan rather than an open-market purchase.

What does the Form 4 reveal about Marti Technologies’ (MRT) 2023 Incentive Award Plan?

The filing shows Marti Technologies uses its 2023 Incentive Award Plan to issue fully vested shares and restricted stock units to directors. It can provide equity instead of cash retainers and grants RSUs that vest based on continued service and specified corporate dates.