Vu Sonny 4
4 · CYABRA, INC. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
CYABRA (CYAB) Director Vu Sonny Receives Awarded Shares
What Happened
Director Vu Sonny received a total of 330,668 securities on March 27, 2026 as part of Cyabra's business combination with Trailblazer Merger Corporation I. That total consists of 300,607 ordinary shares of the issuer (27,329 + 273,278) and 30,061 derivative awards (18,048 + 12,013). No purchase price or cash amount is reported (price = N/A) because these shares/options were issued or converted under the Merger Agreement, not bought or sold on the open market.
Key Details
- Transaction date: March 27, 2026; Form 4 filed March 31, 2026. No indication in the filing that this was late.
- Shares received (non-derivative): 27,329 and 273,278 (total 300,607).
- Derivative awards: 18,048 and 12,013 (total 30,061). Reported as grants/acquisitions (code A).
- Price/Value: N/A — securities were issued/converted under the Merger Agreement, not purchased.
- Ownership/holding: Some securities are held directly by FF Alabaster LLC (footnote F4).
- Notable footnotes: Awards arose from the Merger Agreement converting pre-transaction Cyabra ordinary shares and options into Issuer shares/options (see F1–F7). Options were fully vested upon grant and converted per the Issuer’s 2026 Omnibus Equity Incentive Plan.
Context
These were merger-related issuances/conversions (not market purchases or sales). The derivative entries reflect options or option-like awards converted or reissued under the Merger Agreement and the Issuer’s equity plan; they were granted fully vested and were not exercises or sales. For retail investors, merger-based awards document how insider holdings changed due to the business combination but do not necessarily signal discretionary buying or selling intent.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-27+27,329→ 27,329 total - Award
Common Stock
[F1][F3][F4]2026-03-27+273,278→ 273,278 total(indirect: See footnote) - Award
Stock Option (Right to Buy)
[F6][F5]2026-03-27+18,048→ 18,048 totalExercise: $1.00Exp: 2032-07-17→ Common Stock (18,048 underlying) - Award
Stock Option (Right to Buy)
[F7][F5][F4]2026-03-27+12,013→ 12,013 total(indirect: See footnote)Exercise: $1.00Exp: 2032-07-17→ Common Stock (12,013 underlying)
Footnotes (7)
- [F1]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.
- [F2]Pursuant to the Merger Agreement, 7,571 ordinary shares of Cyabra held by the Reporting Person that were outstanding immediately prior to the effective time of the Business Combination (the "Effective Time") were, as of the Effective Time, converted into 27,329 shares of the Issuer.
- [F3]Pursuant to the Merger Agreement, 75,707 ordinary shares of Cyabra held by FF Alabaster LLC that was outstanding immediately prior to the Effective Time were, as of the Effective Time, converted into 273,278 shares of the Issuer.
- [F4]The securities are held directly by FF Alabaster LLC.
- [F5]The options were fully vested upon grant.
- [F6]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 for an aggregate of 5,000 ordinary shares was, as of the Effective Time, cancelled in consideration for the issuance of an option to purchase shares of the Issuer, 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 (the "2026 Plan.").
- [F7]Pursuant to the Merger Agreement, each option to purchase ordinary shares of Cyabra held by FF Alabaster, LLC that was outstanding immediately prior to the Effective Time for an aggregate of 3,328 ordinary shares was, as of the Effective Time, cancelled in consideration for the issuance of an option to purchase shares of the Issuer, subject to the same terms and conditions as were applicable to the corresponding Cyabra option immediately prior to the Effective Time, pursuant to the 2026 Plan.