Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 143

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 6
Chunk 143
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December 24, 2024, the “2023 Plan”): (i) restricted share units covering an aggregate of7,189,263 Ordinary
Shares, and (ii) an aggregate of 902,399 fully-vested Ordinary Shares.

As of December
31, 2024, our directors and executive officers held (i) options under the 2023 Plan to purchase an aggregate of 1,517,688 Ordinary Shares,
with an exercise price of $3.44 per Ordinary Share and an expiration date of December 24, 2034, and (ii) restricted share units covering
an aggregate of 14,971,214 Ordinary Shares, and (iii) an aggregate of 7,547,467
fully-vested Ordinary Shares.

No other
executive officers or directors held Options, RSUs or other awards covering Ordinary Shares as of December 31, 2024.

For information
regarding our 2023 Plan and our 2020 Incentive Plan, see the section titled “ Equity Incentive Plans - 2020 Incentive Plan

Equity Incentive Plans

The following summarizes the terms of the 2023
Plan, and the 2020 Incentive Plan, pursuant to which we granted equity awards prior to the Business Combination.

2023 Plan

Administration. The Compensation Committee
of the Board currently serves as the plan administrator of the 2023 Plan. The plan administrator has full authority to take all actions
and to make all determinations required or provided for under the 2023 Plan and any award granted thereunder. The plan administrator also
has full authority to determine who may receive awards under the 2023 Plan, the type, terms, and conditions of an award, the number of
Ordinary Shares subject to the award or to which an award relates, and to make any other determination and take any other action that
the plan administrator deems necessary or desirable for the administration of the 2023 Plan.

Overall Share Limit.
The aggregate number of Ordinary Shares that initially may be issued pursuant to awards granted under the 2023 Plan is the sum of
(i) 17,262,448 Ordinary Shares and (ii) any Ordinary Shares which are subject to awards outstanding under the 2020 Incentive Plan as
of the effective date of the 2023 Plan and which, following the effective date of the 2023 Plan, become available for issuance under
the 2023 Plan (