ScanTech AI Systems Inc. — Director's Dealing 2025

Jan 17, 2025

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ScanTech AI Systems Inc. (STAI)
CIK: 0001994624
Period of Report: 2025-01-02

Reporting Person: SEAPORT GLOBAL ASSET MANAGEMENT LLC (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.0001 per share	5554792	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Convertible Promissory Note	$0		Common Stock (303951)		Indirect

Footnotes

F1: Shares held directly by Seaport Group SIBS LLC ("SIBS"). SIBS is managed by Seaport Global Asset Management LLC ("SGAM").

F2: On December 31, 2024, SIBS and the Issuer entered into a senior unsecured promissory note (the "Promissory Note"), pursuant to which SIBS provided the Issuer with an investment of $1 million as transaction financing in connection with the Issuer's business combination (the "Business Combination"). SIBS will receive 303,951 shares of the Issuer's Common Stock as repayment of the investment under the Promissory Note, including any and all accrued interest, with such shares being issuable and registered at the time of the Issuer's filing of a follow-on registration statement immediately following the consummation of the Business Combination. The Promissory Note becomes payable on June 29, 2025 and does not have an expiration date.