Cloudastructure (CSAI) CFO Greg Smitherman Receives Repriced Options (39,529)

What Happened
Greg Smitherman, Chief Financial Officer of Cloudastructure, had a set of stock options cancelled and reissued (derivative transactions) on August 27, 2026. The Form 4 shows dispositions to the issuer and contemporaneous grants totaling 39,529 option shares (26,667 + 7,889 + 4,889 + 84). The repriced options have an effective strike equal to the closing stock price of $5.38 on August 26, 2026. These are option/award transactions (not sales of common stock) and no exercise or cash sale of underlying shares is reported.

Key Details

• Transaction date: August 27, 2026; Form 4 filed August 31, 2026 (within the required reporting window).
• Options involved: 39,529 underlying shares total (26,667; 7,889; 4,889; 84). Repriced to $5.38 strike (per filing footnote).
• Transaction types reported: Disposition to issuer (cancellation) and Grant/Award (reissued options) — derivative transactions, not open-market stock trades.
• Vesting/term: Vesting retained as before — 25% at first anniversary of grant, then ratably over 36 monthly installments (footnote). Repriced options keep same vesting and expiration as the cancelled options.
• Shares owned after transaction: Not disclosed on the supplied details of this Form 4.

Context
This filing reports a repricing/replacement of previously granted options (an administrative adjustment to option strike), not an exercise or sale of stock. Such repricings reset the option exercise price to current market levels; they do not create immediate proceeds or sales unless the options are later exercised and shares sold. For retail investors, these transactions reflect a compensation-related change to insider option terms rather than a direct buy/sell signal.