Cloudastructure (NASDAQ: CSAI) lowers director option prices to $5.38
Rhea-AI Filing Summary
CLOUDASTRUCTURE, INC. (CSAI) director Ruba Qashu reported an option repricing on August 27, 2026. Existing stock options on Class A and Class B common stock were cancelled and regranted in equal amounts, changing the exercise price to $5.38, the August 26, 2026 closing stock price, while retaining the original vesting and expiration dates.
Earlier grants vest either 25% after one year then monthly over 36 months or over 2 years, and the repriced options keep these schedules. The filing indicates the transactions were not made pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Qashu Ruba
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options (Right to Buy) F2, F1 | 1,389 | -- | -- |
| Grant/Award | Stock Options (Right to Buy) F2, F3 | 1,389 | -- | -- |
| Disposition | Stock Options (Right to Buy) F2, F1 | 5,556 | -- | -- |
| Grant/Award | Stock Options (Right to Buy) F2, F3 | 5,556 | -- | -- |
| 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) — 10,279 shares (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 $5.38 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
Repriced exercise price: $5.38 per share
Option shares cancelled (block 1): 1,389 options
Original exercise price (block 1): $64.80 per share
+5 more
8 metrics
Repriced exercise price
$5.38 per share
Closing stock price on August 26, 2026 used for all repriced options
Option shares cancelled (block 1)
1,389 options
Stock Options (Right to Buy) over Class B common stock disposed on August 27, 2026
Original exercise price (block 1)
$64.80 per share
Exercise price of cancelled Class B options expiring May 3, 2033
Option shares cancelled (block 2)
5,556 options
Stock Options over Class B common stock disposed on August 27, 2026
Original exercise price (block 2)
$81.00 per share
Exercise price of cancelled Class B options expiring June 5, 2034
Option shares cancelled (block 3)
3,334 options
Stock Options over Class A common stock disposed on August 27, 2026
Original exercise price (block 3)
$19.80 per share
Exercise price of cancelled Class A options expiring March 2, 2036
Repricing transaction date
August 27, 2026
Date of the cancellations and regrants reported for all option blocks
Key Terms
repricing, exercise price, vesting, expiration dates, +1 more
5 terms
repricing financial
"filed to report a repricing of the cancelled options reported above"
exercise price financial
"repricing of the cancelled options reported above to the closing stock price of $5.38"
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
"These options all vested as follows: 25% on the first anniversary"
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
"The repriced options retain the same vesting and expiration dates as the cancelled"
Rule 10b5-1 regulatory
"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What did CSAI director Ruba Qashu report in this Form 4?
Ruba Qashu reported a repricing of existing stock options for CLOUDASTRUCTURE, INC., cancelling options and regranting the same number at a new $5.38 exercise price, equal to the August 26, 2026 closing price, while keeping original vesting and expiration dates.
What exercise price now applies to the repriced CSAI options?
The repriced options have an exercise price of $5.38, which the filing describes as the closing stock price on August 26, 2026. All reported cancelled options were regranted at this new price while retaining the original vesting and expiration dates.
Were the CLOUDASTRUCTURE (CSAI) option transactions under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not selected, meaning the reported option repricing transactions were not affirmed as being made under a Rule 10b5-1 trading plan.
How do the repriced CSAI options held by Ruba Qashu vest?
For some options, vesting occurred 25% on the first anniversary of the grant date and then in 36 substantially equal monthly installments. Other options vest over a 2-year period. The repriced options retain these same vesting schedules.
Did the expiration dates of Ruba Qashu’s CSAI options change in the repricing?
No. The filing states that the repriced options retain the same vesting and expiration dates as the cancelled options. Only the exercise price was changed to match the August 26, 2026 closing stock price of $5.38.
AI-generated analysis. How Rhea-AI works. Not financial advice.
