STOCK TITAN

CaliberCos Inc. (CWD) director awarded 23,585 stock options as compensation

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CaliberCos Inc. director William J. Gerber reported a new stock option grant and his outstanding option holdings. The filing shows a grant of 23,585 employee stock options to buy Class A common stock at an exercise price of $0.65 per share, expiring on June 30, 2036. Footnotes state these options, along with prior grants at higher exercise prices and later expirations, represent a portion of his compensation as a director under the company’s equity incentive plans. No open-market purchases or sales of CaliberCos stock are disclosed in this report.

Positive

  • None.

Negative

  • None.
Insider GERBER WILLIAM J
Role null
Type Security Shares Price Value
Grant/Award Employee Stock Options (right to buy) 23,585 $0.00 --
holding Employee Stock Options (right to buy) -- -- --
holding Employee Stock Options (right to buy) -- -- --
holding Employee Stock Options (right to buy) -- -- --
holding Employee Stock Options (right to buy) -- -- --
holding Employee Stock Options (right to buy) -- -- --
holding Employee Stock Options (right to buy) -- -- --
holding Employee Stock Options (right to buy) -- -- --
holding Employee Stock Options (right to buy) -- -- --
holding Employee Stock Options (right to buy) -- -- --
Holdings After Transaction: Employee Stock Options (right to buy) — 23,585 shares (Direct, null)
Footnotes (1)
  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. Not applicable. Employee Stock Options (right to buy)("Options") granted pursuant to Issuer's Amended and Restated 2017 Stock Incentive Plan. Such Options represent a portion of Reporting Person's compensation as a director of Issuer.
New option grant 23,585 options Employee stock options to buy Class A common stock
Exercise price (new grant) $0.65 per share Employee stock options granted on June 30, 2026
Expiration (new grant) June 30, 2036 Employee stock options for 23,585 underlying shares
High-strike option holding 744 underlying shares at $67.00 Employee stock options expiring April 5, 2029
Additional option holding 23,658 underlying shares at $1.02 Employee stock options expiring May 20, 2036
Form 4 derivative transactions 1 reported grant Derivative transaction count in transaction summary
Employee Stock Options (right to buy) financial
"Employee Stock Options (right to buy) granted pursuant to Issuer's 2024 Equity Incentive Plan."
2024 Equity Incentive Plan financial
"Options granted pursuant to Issuer's 2024 Equity Incentive Plan."
Amended and Restated 2017 Stock Incentive Plan financial
"Options granted pursuant to Issuer's Amended and Restated 2017 Stock Incentive Plan."
grant, award, or other acquisition financial
"Transaction code A described as Grant, award, or other acquisition."
Class A Common Stock financial
"Underlying security title listed as 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.
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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
GERBER WILLIAM J

(Last)(First)(Middle)
8901 E MOUNTAIN VIEW RD
#150

(Street)
SCOTTSDALE ARIZONA 85258

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CaliberCos Inc. [ CWD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Options (right to buy)(1)$0.6506/30/2026A23,58506/30/202606/30/2036Class A Common Stock23,585(2)23,585D
Employee Stock Options (right to buy)(1)$1.0205/20/202605/20/2036Class A Common Stock23,65823,658D
Employee Stock Options (right to buy)(1)$6.3509/16/202509/16/2035Class A Common Stock2,0652,065D
Employee Stock Options (right to buy)(1)$3.5506/17/202506/17/2035Class A Common Stock5,0525,052D
Employee Stock Options (right to buy)(1)$13.1903/17/202503/17/2035Class A Common Stock1,6131,613D
Employee Stock Options (right to buy)(1)$1012/16/202412/16/2034Class A Common Stock1,8501,850D
Employee Stock Options (right to buy)(3)$12.409/30/202409/30/2034Class A Common Stock1,5001,500D
Employee Stock Options (right to buy)(3)$17.9106/25/202406/25/2034Class A Common Stock4,0644,064D
Employee Stock Options (right to buy)(3)$18510/28/202210/28/2032Class A Common Stock744744D
Employee Stock Options (right to buy)(3)$6704/05/201904/05/2029Class A Common Stock744744D
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.
3. Employee Stock Options (right to buy)("Options") granted pursuant to Issuer's Amended and Restated 2017 Stock Incentive Plan. Such Options represent a portion of Reporting Person's compensation as a director of Issuer.
Remarks:
/s/ William Gerber07/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did CaliberCos (CWD) director William J. Gerber report?

William J. Gerber reported receiving 23,585 employee stock options for CaliberCos Class A common stock. These options are part of his director compensation and are disclosed alongside his existing option holdings, with no open-market share purchases or sales reported.

What are the key terms of William J. Gerber’s new CaliberCos (CWD) stock options?

Gerber received 23,585 employee stock options with a $0.65 exercise price per share, expiring June 30, 2036. The options relate to CaliberCos Class A common stock and are granted as compensation under the company’s equity incentive plans.

Were any CaliberCos (CWD) shares bought or sold in this Form 4 filing?

No open-market purchases or sales of CaliberCos shares are reported. The Form 4 focuses on employee stock options, primarily a grant of 23,585 options and disclosures of existing option positions, which together reflect compensation rather than trading activity.

How many CaliberCos (CWD) options does William J. Gerber hold after the new grant?

After the new award, Gerber holds multiple CaliberCos option grants, including 23,585 options at a $0.65 exercise price and several earlier grants covering hundreds to tens of thousands of underlying shares, each with distinct higher exercise prices and expiration dates.

Under which plans were William J. Gerber’s CaliberCos (CWD) options granted?

Footnotes state Gerber’s options were granted under CaliberCos’ 2024 Equity Incentive Plan and its Amended and Restated 2017 Stock Incentive Plan. The filing explains these option grants constitute a portion of his compensation for serving as a director of the company.