CaliberCos (CWD) director receives 23,585 options at $0.65 strike

Rhea-AI Filing Summary

CaliberCos Inc. director Jerome Alan Reid Jr. received a grant of 23,585 employee stock options as part of his compensation. The options allow him to buy CaliberCos Class A common stock at an exercise price of $0.65 per share and expire on June 30, 2036. All 23,585 options were reported as directly owned following this grant, and there were no open-market purchases or sales in this filing.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider REID JEROME ALAN JR.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Employee Stock Options (right to buy)	23,585	$0.00	--

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.

Key Figures

Options granted: 23,585 options Exercise price: $0.65 per share Expiration date: June 30, 2036 +2 more

5 metrics

Options granted 23,585 options Employee stock options awarded to director on June 30, 2026

Exercise price $0.65 per share Exercise price for options on Class A common stock

Expiration date June 30, 2036 Option term for the 23,585 granted options

Derivative holdings after grant 23,585 options Total options directly owned following this transaction

Transaction price per option $0.00 No cost to the director for receiving the option grant

Key Terms

Employee Stock Options (right to buy), 2024 Equity Incentive Plan, Class A Common Stock, Grant, award, or other acquisition

4 terms

Employee Stock Options (right to buy) financial

"Employee Stock Options (right to buy)("Options") granted pursuant to Issuer's 2024 Equity Incentive Plan."

2024 Equity Incentive Plan financial

"Options granted pursuant to Issuer's 2024 Equity Incentive Plan."

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.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 04:32 PM Accepted by SEC EDGAR 07/01/2026 - 04:30 PM Learn about SEC filing dates

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^*

REID JEROME ALAN JR.

(Last) (First) (Middle)

8901 E MOUNTAIN VIEW RD

(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)

X	Director		10% 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)

X	Form 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)
			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)	$0.65	06/30/2026		A		23,585		06/30/2026	06/30/2036	Class A Common Stock	23,585	(2)	23,585	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/ J. Alan Reid, Jr.	07/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did CaliberCos Inc. (CWD) report in this Form 4?

CaliberCos reported that director Jerome Alan Reid Jr. received a grant of 23,585 employee stock options. These options are part of his director compensation and give him the right to buy Class A common stock at a fixed exercise price.

What are the terms of the 23,585 stock options granted at CaliberCos (CWD)?

The grant covers 23,585 employee stock options with an exercise price of $0.65 per share. The options relate to CaliberCos Class A common stock and expire on June 30, 2036, providing a long-dated incentive for the director.

Was the CaliberCos (CWD) Form 4 transaction an open-market buy or sale?

No, the Form 4 discloses a compensation-related grant, not an open-market trade. The options were awarded at no cost per option, reflecting a director compensation grant rather than a discretionary purchase or sale in the market.

How many CaliberCos (CWD) derivative securities does the director hold after this grant?

After the transaction, the Form 4 shows the director directly holding 23,585 employee stock options. This total matches the number granted in the filing and represents his reported derivative position tied to this specific award.

Under which plan were the CaliberCos (CWD) stock options granted?

The options were granted under CaliberCos Inc.’s 2024 Equity Incentive Plan. The filing notes that these employee stock options form part of the reporting person’s overall compensation package for serving as a director of the company.