Cloudastructure director reprices 10K options
CLOUDASTRUCTURE, INC.
Rhea-AI Filing Summary
CLOUDASTRUCTURE, INC. (CSAI) reported that director Jeffrey E. Kirby exchanged previously granted stock options for new options at a lower exercise price in an option repricing on August 27, 2026. Older options for 10,001 shares were cancelled and replaced with new options for the same number of Class A common shares at an exercise price of $4.97, retaining their original expirations and vesting terms where stated.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Kirby Jeffrey E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| 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) — 10,001 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 2-year period.
Key Figures
Options cancelled (first block): 6,667 options
Options granted (first block): 6,667 options
Options cancelled (second block): 3,334 options
+5 more
8 metrics
Options cancelled (first block)
6,667 options
Stock options with a $135.00 exercise price, expiring May 1, 2035, disposed to issuer on August 27, 2026
Options granted (first block)
6,667 options
New options with a $4.97 exercise price, expiring May 1, 2035, granted on August 27, 2026
Options cancelled (second block)
3,334 options
Stock options with a $19.80 exercise price, expiring March 2, 2036, disposed to issuer on August 27, 2026
Options granted (second block)
3,334 options
New options with a $4.97 exercise price, expiring March 2, 2036, granted on August 27, 2026
Total options repriced
10,001 options
Aggregate options cancelled and regranted in the August 27, 2026 repricing
New exercise price
$4.97 per share
Set to the reported closing stock price on August 26, 2026 for the repriced options
Vesting terms (original block)
25% after 1 year, then monthly over 36 months
Vesting schedule described for certain options referenced in the repricing footnotes
Vesting terms (2-year block)
2-year vesting period
Separate option block described as vesting over 2 years in a footnote
Key Terms
repricing, exercise price, vesting, expiration dates, +1 more
5 terms
repricing financial
"report a repricing of the cancelled options reported above to the closing stock price"
exercise price financial
"repricing of the cancelled options reported above to the closing stock price of $4.97"
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
"The repriced options 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 dates financial
"retain the same vesting and expiration dates as the cancelled options"
Class A common stock financial
"underlying security title Class A common stock for each repriced option grant"
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.
FAQ
What did CSAI director Jeffrey E. Kirby report in this Form 4/A?
He reported an option repricing on August 27, 2026, cancelling options for 10,001 shares of Class A common stock and receiving new options for the same number of shares at a lower $4.97 exercise price, with expirations and vesting as described in the footnotes.
How many CSAI options were cancelled and regranted to Jeffrey E. Kirby?
Options over 10,001 shares were involved, in two blocks: 6,667 options expiring on May 1, 2035 and 3,334 options expiring on March 2, 2036. Each cancelled block was matched by a new grant for the identical number of underlying Class A common shares.
What exercise prices changed for Jeffrey E. Kirby’s CSAI stock options?
Options with original exercise prices of $135.00 (6,667 options) and $19.80 (3,334 options) were cancelled. New options were granted with an exercise price of $4.97 per share, equal to the reported closing stock price on August 26, 2026.
Did the CSAI option repricing change vesting or expiration terms?
The company states the repriced options retain the same vesting and expiration dates as the cancelled options. One footnote specifies earlier options vested 25% after one year then monthly over 36 months; another notes a 2-year vesting period for a separate option block.
Were Jeffrey E. Kirby’s CSAI option transactions under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is marked in a way that indicates no Rule 10b5-1 trading plan is reported for these transactions. The transactions relate to an administrative repricing rather than open-market purchases or sales.
What are the expiration dates of Jeffrey E. Kirby’s repriced CSAI options?
The repriced options keep the same expirations as the cancelled options: May 1, 2035 for 6,667 options and March 2, 2036 for 3,334 options, each covering the same number of underlying Class A common shares as before the repricing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
