Cryoport (CYRX) CFO sells 41,443 shares and receives fresh stock grants
Rhea-AI Filing Summary
Cryoport, Inc. Chief Financial Officer Robert Stefanovich reported a mix of equity compensation grants, option exercises, and tax-driven share sales. He exercised options for 87,188 shares of Common Stock at $1.87 per share and sold 38,700 shares on the same day at a weighted average price of $7.7619. According to the footnotes, the sale proceeds were used to pay the option exercise price and related withholding taxes, making this largely a liquidity and tax event rather than a pure discretionary sale.
On a later date, he sold an additional 2,743 shares at $8.00 per share, which the company’s policies required to cover taxes due on vesting restricted stock rights. He also received 27,413 restricted stock rights that will vest in four equal annual installments beginning March 14, 2027, and a stock option grant for 82,240 shares at an exercise price of $8.60 per share, expiring in 2033. After these transactions, Stefanovich directly holds 280,371 shares of Cryoport common stock, so the 41,443 shares sold represent a minority portion of his overall equity position.
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FAQ
What insider transactions did Cryoport (CYRX) CFO Robert Stefanovich report?
How many Cryoport (CYRX) shares did the CFO sell and at what prices?
How many Cryoport (CYRX) shares does the CFO own after these transactions?
What new equity awards did the Cryoport (CYRX) CFO receive?
Were the Cryoport (CYRX) CFO’s share sales routine tax-related transactions?
What was the significance of the option exercise by Cryoport (CYRX) CFO?