Pompeo Michael 4
4 · CYABRA, INC. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Cyabra (CYAB) Director Michael Pompeo Receives 101,072-Share Option Award
What Happened
- Michael Pompeo, a director of Cyabra, Inc. (CYAB), was granted an award on 2026-03-27 consisting of derivative rights (options) covering 101,072 shares. The filing lists the transaction as an award/acquisition of a derivative instrument; no dollar price or exercise price is reported in the Form 4. Footnotes state the options were fully vested upon grant.
Key Details
- Transaction date: 2026-03-27; Form 4 filed: 2026-03-31 (timely filing).
- Transaction type: Award / grant of derivative securities (options) for 101,072 shares; price reported as N/A.
- Vesting: Options were fully vested upon grant (F1).
- Merger context: The award was issued in connection with the issuer’s business combination with Trailblazer Merger Corporation I (per Merger Agreement) (F2).
- Related adjustment: 28,000 pre-existing Cyabra options held by the reporting person were cancelled and replaced by options in the issuer under the Cyabra, Inc. 2026 Equity Incentive Plan, subject to the same terms as before (F3).
- Shares owned after transaction: Not specified in the provided filing details.
Context
- This is an equity award of options (a derivative), not an open-market purchase or sale. Fully vested on grant means the options can be exercised immediately under their terms, but the filing does not show an exercise, sale, or any cash change—only the grant of the option rights. Because no exercise price or dollar value is given, the economic value of the award is not reported here.
- Awards issued in a merger are common as part of converting or replacing pre-existing equity awards; they do not necessarily signal an insider buying or selling shares.
Insider Transaction Report
Form 4
CYABRA, INC.CYAB
Pompeo Michael
Director
Transactions
- Award
Stock Option(Right to Buy)
[F2][F3][F1]2026-03-27+101,072→ 101,072 totalExercise: $2.94Exp: 2034-04-15→ Common Stock (101,072 underlying)
Footnotes (3)
- [F1]The options were fully vested upon grant.
- [F2]Received in connection with the Issuer's business combination with Trailblazer Merger Corporation I ("Trailblazer"), in accordance with the terms of the Merger Agreement, dated July 22, 2024, as amended (the "Merger Agreement"), by and among Trailblazer, Trailblazer Merger Sub, Ltd., ("Merger Sub"), Trailblazer Holdings, Inc. ("Holdings"), and Cyabra Strategy Ltd. ("Cyabra"), pursuant to which (a) Trailblazer merged with and into Holdings, with Holdings as the surviving entity of the merger (the "Parent Merger"), and (b) Merger Sub merged with and into Cyabra, with Cyabra as the surviving entity of the merger (together with the Parent Merger and all other transactions contemplated by the Merger Agreement, the "Business Combination"), following which Merger Sub ceased to exist and Cyabra became a wholly owned subsidiary of Holdings. After giving effect to the Business Combination, Holdings changed its name to the Issuer.
- [F3]Pursuant to the Merger Agreement, each option to purchase ordinary shares of Cyabra held by the Reporting Person that was outstanding immediately prior to the effective time of the Business Combination (the "Effective Time") for an aggregate of 28,000 ordinary shares was, as of the Effective Time, cancelled in consideration for the issuance of an option to purchase shares of the Issuer reported herein, subject to the same terms and conditions as were applicable to the corresponding Cyabra option immediately prior to the Effective Time, pursuant to the Cyabra, Inc. 2026 Equity Incentive Plan.
Signature
/s/ Yael Sandler, Attorney-in-Fact|2026-03-31