Director at MultiSensor AI (MSAI) receives 1,869 RSUs, holds 5,621 shares

Rhea-AI Filing Summary

Flavin Stuart V reported acquisition or exercise transactions in this Form 4 filing.

MultiSensor AI Holdings director receives stock award. Director Flavin Stuart V was granted 1,869 restricted stock units, each equal to one share of common stock, under the company’s 2023 Incentive Award Plan. The RSUs vested in full on the grant date, bringing his direct holdings to 5,621 shares after a prior 1-for-40 reverse stock split adjustment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Flavin Stuart V

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,869	$0.00	--

Holdings After Transaction: Common Stock — 5,621 shares (Direct, null)

Footnotes (1)

1. On June 30, 2026, the reporting person was granted 1,869 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. The number of securities shown has been retroactively adjusted to reflect the Issuer's reverse stock split of its outstanding shares of common stock on a 1-for-40 basis effected on April 13, 2026.

Key Figures

RSUs granted: 1,869 units Shares held after award: 5,621 shares Reverse stock split ratio: 1-for-40

3 metrics

RSUs granted 1,869 units Restricted stock units granted and vested on June 30, 2026

Shares held after award 5,621 shares Total direct common stock holdings following the transaction

Reverse stock split ratio 1-for-40 Split of outstanding common shares effective April 13, 2026

Key Terms

restricted stock units ("RSUs"), 2023 Incentive Award Plan, reverse stock split

3 terms

restricted stock units ("RSUs") financial

"the reporting person was granted 1,869 restricted stock units ("RSUs"), each representing the right to receive one share"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

2023 Incentive Award Plan financial

"one share of common stock ... pursuant to the Issuer's 2023 Incentive Award Plan"

reverse stock split financial

"retroactively adjusted to reflect the Issuer's reverse stock split of its outstanding shares of common stock"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 05:33 PM Accepted by SEC EDGAR 07/02/2026 - 05:32 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^*

Flavin Stuart V

(Last) (First) (Middle)

C/O MULTISENSOR AI HOLDINGS, INC.

24 GREENWAY PLAZA, STE 1800

(Street)

HOUSTON TEXAS 77046

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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
Common Stock	06/30/2026		A		1,869	A(1)	$0	5,621(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. On June 30, 2026, the reporting person was granted 1,869 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.

2. The number of securities shown has been retroactively adjusted to reflect the Issuer's reverse stock split of its outstanding shares of common stock on a 1-for-40 basis effected on April 13, 2026.

	/s/ Robert Nadolny, Attorney-in-Fact	07/02/2026
	** 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)

FAQ

What did the Form 4 for MultiSensor AI Holdings (MSAI) report for Flavin Stuart V?

The Form 4 reports that director Flavin Stuart V received 1,869 restricted stock units of MultiSensor AI Holdings, Inc. The award vested in full on the grant date, increasing his direct ownership to 5,621 shares of common stock after a prior reverse stock split adjustment.

How many MultiSensor AI Holdings (MSAI) shares did Flavin Stuart V acquire in this transaction?

Flavin Stuart V acquired 1,869 restricted stock units, each representing one share of MultiSensor AI common stock. These RSUs vested immediately on the grant date, effectively adding 1,869 shares to his direct holdings as part of his equity compensation, not an open-market purchase.

What is Flavin Stuart V’s total MultiSensor AI (MSAI) shareholding after this Form 4 transaction?

After the award, Flavin Stuart V directly holds 5,621 shares of MultiSensor AI common stock. This total reflects the addition of 1,869 fully vested restricted stock units and has been retroactively adjusted for the company’s earlier 1-for-40 reverse stock split of outstanding shares.

Were the MultiSensor AI (MSAI) restricted stock units granted to Flavin Stuart V immediately vested?

Yes, the 1,869 restricted stock units granted to Flavin Stuart V vested in full on the grant date. Each RSU represents the right to receive one share of MultiSensor AI common stock under the company’s 2023 Incentive Award Plan, making this a completed equity award.

How did MultiSensor AI’s (MSAI) reverse stock split affect the amounts shown in this Form 4?

The share numbers in the filing are retroactively adjusted for MultiSensor AI’s 1-for-40 reverse stock split. This means both the RSU grant and post-transaction holdings are presented on a post-split basis to align with the company’s updated share count structure.