Madon Michael P 4

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.