SHELTON JERRELL 4

What Happened

• Jerrell Shelton, President, CEO and Director of Cryoport (CYRX), exercised 25,000 stock options on March 23, 2026 at $1.87 per share (total cost $46,750). The Form 4 also shows a related derivative disposition of 25,000 shares at $0. On the same day he sold 2,894 shares in an open market/private sale at $8.18 each, generating $23,673; footnotes indicate those shares were sold to satisfy tax withholding requirements upon vesting.

Key Details

• Transaction date(s): March 23, 2026; Form 4 filed March 25, 2026 (reporting appears timely).
• Option exercise: 25,000 shares acquired @ $1.87 — $46,750 total.
• Derivative disposition: 25,000 shares disposed @ $0 (listed as conversion/disposition in filing).
• Open-market/private sale: 2,894 shares sold @ $8.18 — $23,673 total.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes: F1 — shares sold to pay taxes due upon vesting of restricted stock rights; F2 — original options vested 1/48 monthly beginning May 6, 2016.
• No 10b5-1 or gifting notation; sale appears tax-related rather than a discretionary liquidity sale.

Context

• The primary action was an option exercise (insider converting options into shares). The separate $0 disposal line is reported as a derivative conversion in the filing and commonly appears when exercised shares are transferred or surrendered as part of the exercise/withholding process. The small sale of 2,894 shares was explicitly for tax withholding per the footnote, a routine administrative transaction that doesn’t necessarily signal a change in insider sentiment.