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ScanTech AI Systems Inc. — Director's Dealing 2025
May 8, 2025
34939_dirs_2025-05-08_88561074-8072-42e2-b86a-63dc0e76412c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ScanTech AI Systems Inc. (STAI)
CIK: 0001994624
Period of Report: 2025-02-18
Reporting Person: SEAPORT GLOBAL ASSET MANAGEMENT LLC (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-02-18 | Common Stock, par value $0.0001 per share | C | 303951 | $9.87 | Acquired | 5858743 | Indirect |
| 2025-02-18 | Common Stock, par value $0.0001 per share | J | 2249230 | — | Acquired | 8107973 | Indirect |
| 2025-04-02 | Common Stock, par value $0.0001 per share | X | 3000000 | $0.01 | Acquired | 11107973 | Indirect |
| 2025-04-02 | Common Stock, par value $0.0001 per share | J | 200000 | — | Acquired | 11307973 | Indirect |
| 2025-04-17 | Common Stock, par value $0.0001 per share | J | 5350000 | — | Acquired | 16657973 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-02-18 | Convertible Promissory Note | $0.00 | C | 1000000 | Disposed | Common Stock (303951) | Indirect | |
| 2025-02-18 | Warrant (right to buy) | $0.01 | J | 3000000 | Acquired | 2026-02-18 | Common Stock (3000000) | Indirect |
| 2025-04-02 | Warrant (right to buy) | $0.01 | X | 3000000 | Disposed | 2026-02-18 | Common Stock (3000000) | Indirect |
Footnotes
F1: Shares held directly by Seaport Group SIBS LLC ("SIBS"). SIBS is managed by Seaport Global Asset Management LLC ("SGAM").
F2: Represents shares of Common Stock of ScanTech AI Systems Inc. (the "Issuer") received by SIBS in settlement of debts previously contracted.
F3: Received in exchange for the forfeit by SIBS of shares of ScanTech Identification Beams Systems, LLC ("ScanTech") held by SIBS in connection with ScanTech's business combination.
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