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Gary Eugene Strahan, a ten percent owner of MultiSensor AI Holdings, Inc. (NASDAQ:MSAI), sold 42,775 shares of common stock on July 28, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as MSAI shares have declined over 52% in the past year, according to InvestingPro data.
The shares were sold at a weighted average price of $0.7778, for a total transaction value of $33,270. Prices for the sales ranged from $0.7655 to $0.7968.
Following the transaction, Strahan directly owns 3,272,318 shares of MultiSensor AI Holdings, Inc. Strahan also indirectly owns 305,079 shares through the Jill A. Blashek Revocable Trust.
In other recent news, MultiSensor AI Holdings announced the release of MSAI Connect 2.0, an upgraded version of its asset health monitoring platform. This update includes enhanced AI features designed to reduce unplanned downtime and streamline operations, featuring improvements like camera disturbance detection and better person and motion detection. Additionally, MultiSensor AI appointed a new Chief Executive Officer and President, Mr. Akram, effective June 23, 2025. Mr. Akram is expected to guide the company through its strategic growth, leveraging his extensive experience in SaaS, industrial IoT, and data-driven technology platforms. In another leadership update, Shuaib Hanief has been appointed as the new Vice President of Engineering, where he will lead the company’s engineering organization and R&D efforts. The company also held its 2025 Annual Meeting of Stockholders, where key proposals were approved, and directors were elected. Margaret Chu, Stuart V Flavin III, Daniel Friedberg, David Gow, and Petros Kitsos were elected to serve until the 2026 annual meeting. Stuart V Flavin III received the highest number of votes among the elected directors.
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