[Form 4] CaliberCos Inc. Insider Trading Activity

Rhea-AI Filing Summary

CaliberCos Inc. (CWD) – Form 4 insider filing

Director Daniel Paul Hansen reported one transaction dated June 17, 2025. The company granted him 5,052 employee stock options under the 2024 Equity Incentive Plan. The options carry an exercise price of $3.55 per share and expire on June 17, 2035.

Following this grant, Hansen beneficially owns 14,823 derivative securities (options) related to CaliberCos Class A common stock. The filing lists ownership as direct; no indirect holdings or sales were disclosed, and no non-derivative share transactions were reported.

The Form 4 indicates routine director compensation rather than an open-market purchase or sale. No Rule 10b5-1 trading plan was marked, and there were no amendments to prior filings.

Insights

Securities Analyst

TL;DR: Routine option grant; minimal market impact expected.

The 5,052 options awarded to Director Hansen are part of standard board compensation and represent a small absolute amount. With a 10-year life and a $3.55 strike, the award aligns his incentives with shareholders but does not signal insider conviction through a cash purchase. Because there are no sales or large share acquisitions, the transaction is neutral for valuation and does not materially alter insider ownership percentages. Investors generally treat such grants as administrative.

Corporate Governance Expert

TL;DR: Grant confirms active equity-based pay; governance stance unchanged.

The filing confirms that CaliberCos continues to compensate directors with long-dated options under its 2024 plan, a common governance practice to foster alignment. No red flags appear: the form is timely, manually signed on 06/20/2025, and no boxes indicating cessation of Section 16 status or Rule 10b5-1 reliance were checked. Given the modest size of the grant, board influence on voting power remains limited, so governance risk profile is unaffected.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

HANSEN DANIEL PAUL

(Last) (First) (Middle)

8901 E MOUNTAIN VIEW RD

#150

(Street)

SCOTTSDALE AZ 85258

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CaliberCos Inc. [ CWD ]

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)
06/17/2025

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

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
Employee Stock Options (right to buy)(1)	$3.55	06/17/2025		A		5,052		06/17/2025	06/17/2035	Class A Common Stock	5,052	(2)	14,823	D

Explanation of Responses:

1. Employee Stock Options (right to buy)("Options") granted pursuant to Issuer's 2024 Equity Incentive Plan. Such Options represent a portion of Reporting Person's compensation as a director of Issuer.

2. Not applicable.

Remarks:

	/s/ Daniel Paul Hansen	06/20/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did CaliberCos (CWD) disclose in the latest Form 4?

A director received 5,052 stock options on 06/17/2025 at an exercise price of $3.55.

How many derivative securities does Director Daniel Paul Hansen now hold?

He now beneficially owns 14,823 stock options linked to Class A common shares.

Were any CaliberCos shares bought or sold in the open market?

No. The Form 4 only reports an options grant; no open-market purchases or sales were disclosed.

What is the expiration date of the newly granted options?

The options expire on 06/17/2035.

Is this transaction part of a Rule 10b5-1 trading plan?

The filing does not indicate reliance on Rule 10b5-1; the corresponding box was left unchecked.