Cryoport (CYRX) tech chief exercises 35,000 options and sells shares
Rhea-AI Filing Summary
Cryoport, Inc.’s Chief Digital and Tech Officer, Edward J. Zecchini, reported a paired option exercise and share sale over two days. He exercised stock options covering 35,000 shares of common stock at an exercise price of $4.80 per share and sold 35,000 shares of common stock in open-market transactions.
The sales occurred at weighted average prices of about $15.23 on June 10, 2026 and $14.47 on June 11, 2026, with trades executed in narrow price ranges as disclosed. Following these transactions, he directly holds 109,719 shares of Cryoport common stock, and the option position referenced in this filing has been fully exercised.
Positive
- None.
Negative
- None.
Insights
Routine option exercise and matched share sale with holdings retained.
Edward J. Zecchini, Chief Digital and Tech Officer of Cryoport, exercised stock options for 35,000 shares at $4.80 and sold an equal number of shares around $14.47–$15.23. This is a classic exercise-and-sell pattern converting options into cash.
After the transactions, he continues to hold 109,719 shares directly, indicating a remaining equity stake. The filing shows no remaining derivative position from the exercised options. Based on the data provided, this appears to be a routine liquidity event rather than a transformational change in ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 33,600 | $0.00 | -- |
| Exercise | Common Stock | 33,600 | $4.80 | $161K |
| Sale | Common Stock | 33,600 | $14.4714 | $486K |
| Exercise | Stock Option (right to buy) | 1,400 | $0.00 | -- |
| Exercise | Common Stock | 1,400 | $4.80 | $7K |
| Sale | Common Stock | 1,400 | $15.2314 | $21K |
Footnotes (1)
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.20 to $15.26, inclusive. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.33 to $14.615, inclusive. 1/12 of options vested on the 23rd of each month for twelve months beginning July 23, 2017.