ZECCHINI EDWARD J 4

What Happened

Edward J. Zecchini, Cryoport's Chief Digital and Technology Officer, exercised a total of 35,000 stock options (35,000 shares) and promptly sold all 35,000 shares in open-market transactions. Exercises occurred on 2026-06-10 (1,400 shares) and 2026-06-11 (33,600 shares) at an exercise price of $4.80 per share (total exercise cost ≈ $168,000). The shares were sold for weighted-average prices of $15.23 (1,400 shares; proceeds ≈ $21,324) and $14.47 (33,600 shares; proceeds ≈ $486,239), for combined gross proceeds of about $507,563.

Key Details

• Transaction dates: 2026-06-10 (1,400 shares) and 2026-06-11 (33,600 shares).
• Exercise price: $4.80 per share; total exercise cost ≈ $168,000.
• Sale proceeds: weighted-average $15.23 (range $15.20–$15.26) and $14.47 (range $14.33–$14.615); combined proceeds ≈ $507,563.
• Net cash difference (proceeds minus exercise cost): roughly $339,563 (before taxes/fees).
• Filing date: 2026-06-12 covering 6/10–6/11 transactions; filing appears timely (Form 4 is typically due within 2 business days).
• Shares owned after the transactions: not specified in the provided summary of the filing.
• Footnotes: F1/F2 note weighted-average sale prices and price ranges; F3 notes the original option vesting schedule (1/12 vested monthly starting July 23, 2017). The filer also offered to provide a full breakdown of the number of shares sold at each separate price on request.

Context

This set of entries shows an option exercise followed by immediate sale of the resulting shares (commonly described as a cashless exercise or simultaneous exercise-and-sell). The filing also records administrative derivative-conversion entries at $0.00, which reflect conversion of the derivative instruments into common shares. Sales by executives are often routine liquidity events and, by themselves, do not necessarily indicate a change in view about the company's outlook.