[Form 4] CDT Equity Inc. Insider Trading Activity

Rhea-AI Filing Summary

CDT Equity Inc. director Simon Jeremy Fry received equity awards disclosed on Form 4 showing two grants tied to his service. He was granted 35,000 restricted stock units (RSUs) on 08/12/2025 that vested immediately and were valued at approximately $60,900 based on the closing share price that day. At the 2025 annual meeting he was also granted 15,000 stock options with an exercise price of $1.89, exercisable immediately and expiring on 08/05/2035. After these transactions Mr. Fry beneficially owned 36,956 shares of common stock and held options covering 15,000 shares.

Positive

• 35,000 RSUs granted and vested immediately, providing clear compensation tied to service
• 15,000 stock options granted with immediate exercisability and a specified $1.89 strike price
• RSU value disclosed (~$60,900), giving transparent economic context for the grant

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider compensation through RSUs and options increases director's stake but is a routine corporate grant.

The report documents compensation-related equity grants rather than open-market trading. The immediate vesting of 35,000 RSUs and 15,000 immediately exercisable options signals standard service-based awards to align management/director incentives with shareholders. The combined grants add modestly to outstanding share-based obligations; the RSU value (~$60,900) is disclosed and the option strike ($1.89) is explicit. For investors, this is governance/compensation disclosure without evidence of unusual insider trading.

Corporate Governance Expert

TL;DR: Grants appear to be standard director compensation disclosed under Section 16 rules; immediate vesting is notable but documented.

The filing shows the awards were granted under the company’s equity plan and vest immediately, which should be reviewed in the context of the plan’s terms and peer practices. The filing clearly identifies the form of ownership as direct and provides the full exercise/expiration details for the options ($1.89, expiring 08/05/2035), enabling an assessment of potential dilution and governance alignment from public records.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fry Simon Jeremy

(Last) (First) (Middle)

4581 TAMIAMI TRAIL NORTH,

SUITE 200

(Street)

NAPLES FL 34103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CDT Equity Inc. [ CDT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/12/2025		A		35,000(1)	A	$0	36,956	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)(2)	$1.89	08/05/2025		A		15,000		(3)	08/05/2035	Common Stock	15,000	$0	15,000	D

Explanation of Responses:

1. Represents restricted stock units ("RSUs") received on August 12, 2025, in exchange for past services, having a value equal to approximately $60,900 based on the closing price per share of the Issuer's common stock on August 12, 2025. The RSUs vest immediately upon grant.

2. Represents options to purchase common stock, granted under the Issuer's 2023 Stock Incentive Plan, which were granted at the conclusion of the Issuer's 2025 annual meeting of stockholders.

3. The options vest immediately upon grant.

	/s/ Simon Jeremy Fry	08/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What equity did Simon Jeremy Fry receive according to the Form 4 for CDT (CDT)?

He received 35,000 restricted stock units (RSUs) and 15,000 stock options as reported in the Form 4.

Did the RSUs and options vest immediately for the CDT director grant?

Yes. The RSUs vested immediately upon grant and the options are reported as vesting immediately upon grant.

What is the exercise price and expiration date of the stock options granted to the CDT director?

The options have an exercise price of $1.89 and an expiration date of 08/05/2035.

How many CDT shares did the reporting person beneficially own after the transactions?

Following the reported transactions he beneficially owned 36,956 shares of common stock and held options covering 15,000 shares.

What was the approximate value of the RSUs reported for CDT director Simon Jeremy Fry?

The RSUs were valued at approximately $60,900 based on the issuer’s closing share price on the grant date.