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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,743 | $8.00 | $22K |
| Grant/Award | Stock Option (right to buy) | 82,240 | $0.00 | -- |
| Grant/Award | Common Stock | 27,413 | $0.00 | -- |
| Exercise | Options to purchase common stock | 87,188 | $0.00 | -- |
| Exercise | Common Stock | 87,188 | $1.87 | $163K |
| Sale | Common Stock | 38,700 | $7.7619 | $300K |
Footnotes (1)
- The proceeds of the sale of Common Stock were used to pay the exercise price and withholding taxes due upon exercise of the Stock Option reported in this Form 4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.725 to $7.83, inclusive. Represents restricted stock rights, which are a contingent right to receive one share of CYRX common stock, that vest in four equal annual installments beginning March 14, 2027. Shares required to be sold in accordance with the Issuer's policies, in payment of taxes due upon the vesting of restricted stock rights. 1/48 of options vested on the 6th of each month for forty-eight months beginning May 6, 2016. 1/48 of options vest on the 14th of each month for forty-eight months beginning April 14, 2026.