---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-043198"
form_type: "8-K"
ticker: "MRAI"
cik: "0001844392"
company_name: "Marpai, Inc."
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T07:56:28.581342+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Marpai terminates President Lutz Finger, retains as consultant with $1M equity guarantee

## Summary
- Position terminated effective August 15, 2023; enters consulting agreement effective August 16, 2023.
- Monthly retainer of $27,086 through Dec 31, 2023, then $27,912; 8 hours/week commitment.
- Receives 400,000 new RSUs plus 96,154 previously issued RSUs, all fully vesting September 7, 2023.
- Cash adjuster ensures total RSU value equals $1M based on Sept 6 closing price; Shortfall paid in 3 installments.
- Initial term through Dec 31, 2023; extends automatically with 30-day termination notice by either party.

## SEC filing metadata
- accession: 0000950170-23-043198
- form_type: 8-K
- ticker: MRAI
- cik: 0001844392
- company_name: Marpai, Inc.
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844392/000095017023043198/0000950170-23-043198-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844392/000095017023043198/mrai-20230817.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-043198
- JSON: https://secwatch.observer/filing/0000950170-23-043198.json
- Plain text: https://secwatch.observer/filing/0000950170-23-043198.txt

## Key facts
- Executive change
  Lutz Finger was terminated as President of Product and Development at Marpai, Inc..
  - Action: terminated
  - Role: President of Product and Development
  source text: On August 16, 2023, Marpai, Inc. (the “Company”) executed a Separation Agreement (the “Agreement”) with Mr. Lutz Finger, the Company’s President of Product and Development, pursuant to which Mr. Finger’s position was terminated effective as of August 15, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844392/000095017023043198/0000950170-23-043198-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.