Tarnok Michael P. 4
4 · DYADIC INTERNATIONAL INC · Filed Jan 4, 2024
Insider Transaction Report
Form 4
Tarnok Michael P.
Director
Transactions
- Exercise/Conversion
Common Stock
[F1]2024-01-03+27,174→ 216,103 total - Award
Stock Option
[F2]2024-01-02+67,500→ 67,500 totalExercise: $1.59From: 2025-01-02Exp: 2034-01-02→ Common Stock (67,500 underlying) - Award
Restricted Stock Unit
[F1][F3][F4]2024-01-02+23,585→ 23,585 total→ Common Stock (23,585 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F5]2024-01-03−27,174→ 0 total→ Common Stock (27,174 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F2]Annual grant of stock options.
- [F3]Receipt of restricted stock units as a result of reduction in directors' cash compensation.
- [F4]The restricted stock units will be settled 100% in Issuer's common stock when vested upon one year of service as a member of the board of directors.
- [F5]The restricted stock units previously issued and vested upon one year of service were settled 100% in Issuer's common stock.
Signature
/s/ Ping Rawson, attorney-in-fact|2024-01-04