HERBST SETH 4
4 · DYADIC INTERNATIONAL INC · Filed Jan 7, 2025
Insider Transaction Report
Form 4
HERBST SETH
Director
Transactions
- Exercise/Conversion
Common Stock
2025-01-02+23,585→ 155,759 total - Exercise/Conversion
Restricted Stock Unit
2025-01-02−23,585→ 0 total→ Common Stock (23,585 underlying) - Award
Stock Option
2025-01-02+50,000→ 50,000 totalExercise: $1.74From: 2026-01-02Exp: 2035-01-02→ Common Stock (50,000 underlying) - Award
Restricted Stock Unit
2025-01-02+21,552→ 21,552 total→ Common Stock (21,552 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.