CLOUDASTRUCTURE (CSAI) Director Craig K. Johnson Receives Repriced Options

What Happened
Craig K. Johnson, a director of CLOUDASTRUCTURE, reported the cancellation of 10,835 previously issued option-based derivative awards and the simultaneous grant/re-issuance of 10,835 repriced options on August 27, 2026. The repriced options were set to the closing common stock price of $5.38 on August 26, 2026, which corresponds to $58,292.30 of underlying share value (10,835 × $5.38). The Form 4 shows dispositions to the issuer (cancellations) and immediate acquisitions (re-grants) of the same aggregate share counts: 834, 6,667, and 3,334 option units.

Key Details

• Transaction date(s): August 27, 2026 (repricing based on $5.38 closing price on Aug 26, 2026).
• Reported actions: Dispositions to issuer (cancellations) and Grants/Awards (re-granted options) for 834, 6,667 and 3,334 option units (total 10,835).
• Price used for repricing: $5.38 per share (footnote). Aggregate underlying value ≈ $58,292.30.
• Vesting/term notes: Footnotes state original vesting was 25% at the first anniversary then ratably over 36 months (F1); repriced options retain same vesting and expiration (F3); some of these options vest over a two-year period per the filing (F4).
• Shares owned after transaction: Not specified on this Form 4.
• Filing timeliness: Form filed Aug 31, 2026 for an Aug 27 transaction (filed within the usual two-business-day window).

Context

• These entries are derivative awards being cancelled and reissued (a repricing), not open-market purchases or sales of common stock. This is an administrative change to option strike price; it does not represent an immediate cash purchase or sale of shares.
• For investors, repricings can be a retention/compensation action; they do not in themselves indicate buying or selling sentiment by the insider.