secwatch.observer — SEC 8-K summary
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Issuer:     Marpai, Inc. (MRAI)
CIK:        0001844392
Form:       8-K
Filed at:   2023-08-17T23:59:59+00:00
Accession:  0000950170-23-043198
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844392/000095017023043198/0000950170-23-043198-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844392/000095017023043198/mrai-20230817.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-043198

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer