Summary by Futu AI
On May 29, 2024, Yaron Eitan, a dual citizen of the United States and Israel, filed an amendment to the Schedule 13D with the SEC, disclosing his beneficial ownership of 785,902 shares of Marpai, Inc., which represents 5.7% of the company's Class A common stock. This ownership includes direct shares, warrants, restricted stock units, and options. The filing, which is an update to previous filings made starting December 21, 2021, indicates that Eitan has sole voting and dispositive power over a significant portion of the shares. The recent acquisition of 5,000 shares on May 10, 2024, at an average price of $2.66, was made using personal funds. Additionally, Eitan granted 60,000 shares of Restricted Stock Units on May 23, 2024, which are set to vest over the next three years. The purpose of these transactions is stated as business investment purposes.