Cloudastructure director resets options at $4.97
A CSAI director cancelled and regranted options at a new $4.97 exercise price with no net change in option count.
Rhea-AI Filing Summary
CLOUDASTRUCTURE, INC. (CSAI) director Craig K. Johnson reported an option repricing on August 27, 2026. He cancelled and simultaneously received grants for matching stock options on 834 Class B and 10,001 Class A share equivalents, changing their exercise price to $4.97 while retaining the existing vesting and expiration terms.
The transactions are reported as dispositions to the issuer followed by grants, with no Rule 10b5-1 trading plan noted and no net change in the number of options held.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Johnson Craig K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options (Right to Buy) F2, F1 | 834 | -- | -- |
| Grant/Award | Stock Options (Right to Buy) F2, F3 | 834 | -- | -- |
| Disposition | Stock Options (Right to Buy) F2, F1 | 6,667 | -- | -- |
| Grant/Award | Stock Options (Right to Buy) F2, F3 | 6,667 | -- | -- |
| Disposition | Stock Options (Right to Buy) F2, F4 | 3,334 | -- | -- |
| Grant/Award | Stock Options (Right to Buy) F2, F3 | 3,334 | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 10,835 contracts (Direct)
Footnotes (4)
- F1. These options all vested as follows: 25% on the first anniversary of the grant date and ratably in 36 substantially equal monthly installments thereafter.
- F2. This Form 4 is being filed to report a repricing of the cancelled options reported above to the closing stock price of $4.97 on August 26, 2026.
- F3. The repriced options retain the same vesting and expiration dates as the cancelled options.
- F4. These options vest over a two-year period.
Key Figures
Repriced options on Class B shares: 834 options
Repriced options on Class A shares: 10,001 options
New exercise price after repricing: $4.97 per share
+4 more
7 metrics
Repriced options on Class B shares
834 options
Underlying Class B common stock affected in the August 27, 2026 repricing
Repriced options on Class A shares
10,001 options
Underlying Class A common stock (6,667 + 3,334) affected in the repricing
New exercise price after repricing
$4.97 per share
Set to the closing stock price on August 26, 2026
Original exercise price (Class B options)
$55.80 per share
Exercise price on 834 options cancelled and then repriced
Original exercise price (first Class A block)
$135.00 per share
Exercise price on 6,667 Class A options cancelled and then repriced
Original exercise price (second Class A block)
$19.80 per share
Exercise price on 3,334 Class A options cancelled and then repriced
Derivative transactions reported
6 transactions
Three dispositions to issuer and three matching grants on August 27, 2026
Key Terms
repricing, exercise price, vesting, expiration date, +2 more
6 terms
repricing financial
"being filed to report a repricing of the cancelled options"
exercise price financial
"repricing of the cancelled options reported above to the closing stock price"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"retain the same vesting and expiration dates as the cancelled options"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
expiration date financial
"retain the same vesting and expiration dates as the cancelled options"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
Class A common stock financial
"underlying_security_title": "Class A common stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class B common stock financial
"underlying_security_title": "Class B common stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
FAQ
What did CSAI director Craig K. Johnson report in this amended Form 4?
He reported cancelling and regranting stock options on 834 Class B and 10,001 Class A share equivalents on August 27, 2026, as part of an option repricing to a $4.97 exercise price, with vesting and expiration dates unchanged.
Did the CSAI Form 4/A show a net change in Craig K. Johnson’s option holdings?
No. For each block of options reported as disposed to the issuer, an equal number of options was granted back. The filing describes this as a repricing, so the number of options held did not change, only the exercise price did.
What exercise prices were affected by the CSAI option repricing?
Options with prior exercise prices of $55.80, $135.00, and $19.80 were cancelled and replaced with options having a new exercise price of $4.97, equal to the closing stock price on August 26, 2026, according to the filing footnote.
What are the expiration dates of the repriced CSAI options?
The repriced options keep their original expiration dates: January 26, 2032 for 834 underlying Class B shares, May 1, 2035 for 6,667 underlying Class A shares, and March 2, 2036 for 3,334 underlying Class A shares.
How do the CSAI repriced options vest for Craig K. Johnson?
For one grant, options vested 25% on the first anniversary of the grant date and then in 36 substantially equal monthly installments. Another block vests over a two-year period. The repriced options keep these same vesting schedules.
Were the CSAI option transactions done under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as being under a trading plan, and the footnotes do not state that the transactions were executed under a Rule 10b5-1 arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
