MultiSensor AI (MSAI) director gets 47,619 RSUs, now holds 150,072 shares

Rhea-AI Filing Summary

MultiSensor AI Holdings, Inc. director Flavin Stuart V received an equity award rather than making an open-market trade. On March 31, 2026, he was granted 47,619 restricted stock units (RSUs), each representing one share of common stock under the company’s 2023 Incentive Award Plan. The RSUs vested in full on the grant date, and following this award he directly holds 150,072 shares of common stock. This is a compensation-related share acquisition, not a purchase or sale on the market.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Flavin Stuart V

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	47,619	$0.00	--

Holdings After Transaction: Common Stock — 150,072 shares (Direct)

Footnotes (1)

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Key Figures

RSUs granted: 47,619 units Grant price: $0.0000 per share Shares after grant: 150,072 shares

3 metrics

RSUs granted 47,619 units Restricted stock units granted on March 31, 2026

Grant price $0.0000 per share Stated transaction price for RSU award

Shares after grant 150,072 shares Total common shares directly held following RSU vesting

Key Terms

restricted stock units, RSUs, 2023 Incentive Award Plan

3 terms

restricted stock units financial

"the reporting person was granted 47,619 restricted stock units ("RSUs"), each representing the right to receive one share"

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.

RSUs financial

"47,619 restricted stock units ("RSUs"), each representing the right to receive one share of common stock"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

2023 Incentive Award Plan financial

"pursuant to the Issuer's 2023 Incentive Award Plan. The RSUs vested in full on the date of grant"

Form 4 Insider Transactions: What Each Field Means →

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)
03/31/2026

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	03/31/2026		A		47,619	A(1)	$0	150,072	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 March 31, 2026, the reporting person was granted 47,619 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.

	/s/ Robert Nadolny, Attorney-in-Fact	04/02/2026
	** 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 insider transaction did MultiSensor AI (MSAI) report for Flavin Stuart V?

MultiSensor AI reported that director Flavin Stuart V received 47,619 RSUs as an equity grant. Each RSU equals one share of common stock and vested immediately, increasing his direct holdings to 150,072 shares after the award.

Was the MSAI Form 4 transaction a market buy or sell of shares?

The Form 4 transaction was not a market buy or sell. It reflects a grant of 47,619 restricted stock units as compensation, issued at a stated price of $0.0000 per share and vesting in full on the grant date.

How many MultiSensor AI (MSAI) shares does Flavin Stuart V now hold?

After the RSU grant, director Flavin Stuart V directly holds 150,072 shares of MultiSensor AI common stock. This total includes the 47,619 restricted stock units that vested immediately and converted into common shares on March 31, 2026.

What are the terms of the 47,619 RSUs granted by MultiSensor AI (MSAI)?

The 47,619 RSUs granted to the director each represent the right to receive one share of common stock. They were granted under MultiSensor AI’s 2023 Incentive Award Plan and vested in full on March 31, 2026, the same date they were awarded.

Under which plan were the new MultiSensor AI (MSAI) RSUs granted?

The RSUs were granted pursuant to MultiSensor AI Holdings, Inc.’s 2023 Incentive Award Plan. This plan authorizes equity-based compensation, such as restricted stock units, to directors and other participants as part of their overall remuneration package.