Cloudastructure (CSAI) 10% Owner Bentley Sheldon Richard Receives Repriced Options

What Happened

• Bentley Sheldon Richard, a reported 10% owner of Cloudastructure, did not sell stock but had derivative awards restructured on Aug 27, 2026. A total of 108,419 option-like awards were cancelled (reported as dispositions to the issuer) and simultaneously re-granted/repriced (reported as acquisitions) at a repriced strike equal to the closing stock price of $5.38 on Aug 26, 2026.
• The repriced strike across the awards implies an aggregate strike amount of roughly $583,300 (108,419 × $5.38). These are derivative transactions (options/awards), not open-market purchases or sales of shares.

Key Details

• Transaction date: August 27, 2026; repriced to closing price $5.38 on August 26, 2026.
• Lots cancelled and re-granted: 52,778; 3,612; 51,945; and 84 — total 108,419 awards.
• Vesting/expiration: Repriced awards retain the same vesting and expiration as the cancelled awards. Original vesting: 25% at first anniversary, then ratably over 36 monthly installments (per filing).
• Nature of transactions: Reported as dispositions to issuer (cancellations) paired with grants/acquisitions of derivatives (repriced options). This is not a cash sale of shares.
• Shares owned after transaction: Not specified in the summary data of this filing.
• Timeliness: Form 4 filed Aug 31, 2026 for an Aug 27, 2026 transaction (filed within required 2 business days).

Context

• For retail investors: this is a repricing of option awards to current market price, often done to retain incentive value of long-dated awards; it does not represent an insider selling shares for cash. As a 10% owner, Richard is a significant holder, and these transactions reflect adjustment of derivative compensation or holdings rather than open-market sentiment.