Marti Technologies director Lute acquires 3,732 shares

The shares were issued in lieu of the director's cash retainer for third-quarter 2026 board service.

Rhea-AI Filing Summary

Marti Technologies, Inc. director Douglas Lute acquired 3,732 fully vested Class A ordinary shares on September 30, 2026, under the 2023 Incentive Award Plan. His reported post-transaction position was 203,022 shares, including 36,764 shares underlying restricted stock units that vest on the earlier of the 2026 annual general meeting or December 24, 2026, subject to continued service.

Insider Trade Summary

Grant/Award: 3,732 shares

Grant/Award 1 txn

Insider Lute Douglas

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Ordinary Shares, par value $0.0001 per share F1, F2	3,732	$0.00	$0.00

Holdings After Transaction: Class A Ordinary Shares, par value $0.0001 per share — 203,022 shares (Direct)

Footnotes (2)

1. F1. 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 third quarter of 2026 board service.
2. F2. 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.

Key Figures

Shares acquired: 3,732 shares Reported shares following transaction: 203,022 shares Shares underlying restricted stock units: 36,764 shares +1 more

4 metrics

Shares acquired 3,732 shares Fully vested Class A ordinary shares

Reported shares following transaction 203,022 shares Includes 36,764 shares underlying restricted stock units

Shares underlying restricted stock units 36,764 shares Vest on the earlier of the 2026 annual general meeting or December 24, 2026, subject to continued service

Transaction date September 30, 2026 Class A ordinary share award

Key Terms

restricted stock units, 2023 Incentive Award Plan, cash retainer

3 terms

restricted stock units financial

"36,764 Class A Ordinary Shares underlying restricted stock units"

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"

cash retainer financial

"in lieu of the reporting person's cash retainer"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many MRT shares did director Douglas Lute receive?

Douglas Lute acquired 3,732 fully vested Class A ordinary shares on September 30, 2026, under Marti Technologies' 2023 Incentive Award Plan. The shares were issued in lieu of his cash retainer for third-quarter 2026 board service.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/02/2026 - 04:32 PM Accepted by SEC EDGAR 10/02/2026 - 04:31 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Lute Douglas

(Last) (First) (Middle)

C/O MARTI TECHNOLOGIES, INC.

BUYUKDERE CD. NO: 237 MASLAK SARIYER

(Street)

ISTANBUL 34485

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Ordinary Shares, par value $0.0001 per share	09/30/2026		A		3,732(1)	A	$0	203,022(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 third 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/ Douglas Lute	10/02/2026
	** 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 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)