[Form 4] MultiSensor AI Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Petros Kitsos, a director of MultiSensor AI Holdings, Inc. (MSAI), was granted 15,504 restricted stock units (RSUs) on 09/30/2025 under the company’s 2023 Incentive Award Plan. Each RSU represents the right to one share of common stock and the filing states the RSUs vested in full on the grant date. Following the grant, the reporting person beneficially owns 64,638 shares of common stock. The Form 4 was signed by an attorney‑in‑fact on 10/02/2025 and lists the transaction code as an acquisition (Code A) at a price of $0, reflecting a grant rather than a purchase.

Insights

Corporate Governance Analyst

Director received immediate, fully vested equity of 15,504 RSUs.

The filing shows a non‑cash grant of 15,504 RSUs on 09/30/2025 that vested on the grant date, which the director holds as the right to receive one share per RSU.

This is a disclosure of insider compensation and ownership change rather than a market transaction; it increases the director’s reported beneficial ownership to 64,638 shares.

Insider Transactions Specialist

Form 4 confirms an acquisition code A and zero dollar grant price, typical for RSU awards.

The entry uses Transaction Code A and shows Price $0, indicating an awarded grant under the 2023 Incentive Award Plan. The RSUs are non‑derivative units convertible into common stock on settlement.

The filing was executed by an attorney‑in‑fact (10/02/2025), consistent with routine insider reporting procedures.

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).

1. Name and Address of Reporting Person^*

KITSOS PETROS

(Last) (First) (Middle)

C/O MULTISENSOR AI HOLDINGS, INC.

2105 WEST CARDINAL DRIVE

(Street)

BEAUMONT TX 77705

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MultiSensor AI Holdings, Inc. [ MSAI ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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

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 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
Common Stock	09/30/2025		A		15,504	A(1)	$0	64,638	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. On September 30, 2025, the reporting person was granted 15,504 restricted stock units ("RSUs"), each representing the right to receive one share of common stock of MultiSensor AI Holdings, Inc. (the "Issuer") pursuant to the Issuer's 2023 Incentive Award Plan. The RSUs vested in full on the date of grant.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Robert Nadolny, Attorney-in-Fact	10/02/2025
	** 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.

FAQ

What transaction did Petros Kitsos report on the MSAI Form 4?

The Form 4 reports a grant of 15,504 restricted stock units (RSUs) on 09/30/2025 that vested in full on the grant date.

How many shares does the reporting person beneficially own after the transaction?

After the reported transaction, the reporting person beneficially owns 64,638 shares of MultiSensor AI common stock.

Was there any cash purchase involved in the reported transaction?

No. The transaction is reported with Price $0, indicating an awarded grant rather than a cash purchase.

Under which plan were the RSUs granted?

The RSUs were granted pursuant to the issuer’s 2023 Incentive Award Plan.

When was the Form 4 signed and filed?

The Form 4 includes a signature by an attorney‑in‑fact dated 10/02/2025 and records the transaction date as 09/30/2025.