Cloudastructure (CSAI) CEO James McCormick Receives Repriced Options

What Happened
James Patrick McCormick, CEO of Cloudastructure, Inc. (CSAI), had a total of 62,395 option shares cancelled and immediately regranted on August 27, 2026. The repriced options were set to the closing stock price of $5.38 on August 26, 2026, which implies a notional value of about $335,685. These entries in the Form 4 were recorded as dispositions to the issuer (cancellations) followed by awards/acquisitions (regrants) of equivalent amounts — this is a repricing of existing derivative awards, not a sale of stock or cash exercise.

Key Details

• Transaction date: August 27, 2026; Form 4 filed August 31, 2026 (filed timely).
• Shares/options affected: 62,395 total (834 + 5,556 + 44,734 + 11,187 + 84).
• Reprice price: $5.38 per share (closing price on Aug 26, 2026) per footnote. Implied notional value ≈ $335,685.
• Vesting/expiration: Options retain the same vesting and expiration dates as the cancelled awards. Vesting schedule: 25% at the first anniversary of the grant date, then ratably over 36 substantially equal monthly installments (footnotes F1, F3).
• Filing notes: The Form 4 reports cancellation and regrant (repricing); the table shows "N/A" for exercise price on the entries, but footnote F2 provides the repriced $5.38 figure.
• Shares owned after transaction: Not specified in the filing.

Context

• These are derivative transactions (options repriced and regranted), not open-market purchases or sales of underlying shares. No immediate cashless exercise or sale is reported here.
• Repricing typically adjusts the strike to current market price while keeping original vesting/expiration; it does not itself indicate whether the insider will exercise or sell later.
• For retail investors, option repricings affect potential future dilution and executive incentives; this filing documents an administrative adjustment rather than a purchase/sale signal.