Madon Michael P 4
4 · CYABRA, INC. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
CYABRA (CYAB) Director Michael P. Madon Receives Award
What Happened Michael P. Madon, a director of Cyabra, Inc. (CYAB), was granted an award of 14,436 derivative shares (options) on March 27, 2026. The award is reported as a derivative grant (code A); no exercise/strike price or cash value is disclosed in the filing. This was a grant/award (not a purchase or sale), and the options were fully vested upon grant.
Key Details
- Transaction date: 2026-03-27. Filing date: 2026-03-31 (filed within the standard two-business-day window).
- Transaction type: Award/Grant of derivatives (options) — 14,436 shares; price listed as N/A in the Form 4.
- Vesting: Fully vested upon grant (footnote F1).
- Shares owned after transaction: Not specified in this filing.
- Relevant footnotes:
- F2: The award was received in connection with the issuer’s business combination with Trailblazer Merger Corporation I and related merger transactions.
- F3: 4,000 prior Cyabra options were cancelled at the Effective Time and replaced by the reported option under the Cyabra, Inc. 2026 Omnibus Equity Incentive Plan, subject to the same terms as the original Cyabra option.
- Filing timeliness: Filing appears timely (transaction 3/27, Form 4 filed 3/31).
Context This was a granted and fully vested option award tied to the company’s business combination and related option conversions — not an open-market purchase or sale. For retail investors, grants and merger-related option conversions are typically part of compensation or deal terms and do not by themselves indicate the insider is buying or selling shares to express a view of the stock.
Insider Transaction Report
- Award
Stock Option(Right to Buy)
[F2][F3][F1]2026-03-27+14,436→ 14,436 totalExercise: $1.00Exp: 2035-01-08→ Common Stock (14,436 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 4,000 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 Omnibus Equity Incentive Plan.