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

Rhea-AI Filing Summary

Margaret M. Chu, a director of MultiSensor AI Holdings, Inc. (MSAI), was granted 15,504 restricted stock units (RSUs) on 09/30/2025 under the Issuer's 2023 Incentive Award Plan. The RSUs vested in full on the grant date and were reported as acquired at a price of $0. Following the transaction, the reporting person beneficially owns 64,638 shares of the Issuer's common stock. The Form 4 was filed as a single reporting person filing and bears the signature of Attorney-in-Fact Robert Nadolny dated 10/02/2025.

Positive

• 15,504 RSUs were granted and vested in full on the grant date
• Reporting person now beneficially owns 64,638 shares

Negative

• None.

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

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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^*

Chu Margaret M

(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.
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FAQ

What did Margaret M. Chu report on Form 4 for MSAI?

The Form 4 reports a grant of 15,504 RSUs on 09/30/2025 that vested in full and an ownership total of 64,638 shares following the transaction.

Did the RSUs received by the director have a purchase price?

No; the RSUs were reported with a price of $0 per unit.

When did the reporting attorney-in-fact sign the Form 4?

The form was signed by Attorney-in-Fact Robert Nadolny on 10/02/2025.

Under which plan were the RSUs granted?

The RSUs were granted pursuant to the Issuer's 2023 Incentive Award Plan.

What is the reporting relationship of Margaret M. Chu to MSAI?

The filing identifies Margaret M. Chu as a Director of the Issuer.