CLOUDASTRUCTURE (CSAI) 10% Owner Bentley Sheldon Reprices and Regrants Options

What Happened

Bentley Sheldon Richard, a reported 10% owner of CLOUDASTRUCTURE, INC. (CSAI), had a set of option awards cancelled and regranted on August 27, 2026. The filing reports dispositions of 52,778; 3,612; 51,945; and 84 option shares (total 108,419) and contemporaneous grants of the same amounts. Footnote F2 states the cancelled options were repriced to the closing stock price of $4.97 on August 26, 2026. No cash sale or open-market purchase of underlying shares is reported — these are derivative (option) transactions.

Key Details

• Transaction date: reported August 27, 2026 (repriced to closing price $4.97 on Aug 26, 2026 per footnote).
• Instruments: Options (derivative); dispositions reported for cancelled options and matching grants for repriced options.
• Total options affected: 108,419 shares (52,778 + 3,612 + 51,945 + 84).
• Reprice price: $4.97 per share (Footnote F2).
• Vesting/expiration: Repriced options retain same vesting and expiration as cancelled awards; vesting was 25% on the first anniversary then ratably over 36 monthly installments (Footnote F1 & F3).
• Shares owned after transaction: not specified in the filing.
• Filing status: This is an amended Form 4 filed to report the repricing (noted in footnotes); the filing does not indicate a late (timely/untimely) status.

Context

These entries reflect a repricing and regrant of option awards (derivative transactions), not an open-market purchase or sale of common stock. For retail investors, repricings can be administrative (aligning strike prices with market value) and do not by themselves indicate immediate bullish or bearish insider sentiment. As a 10% owner, Richard’s holdings and option treatment are subject to specific reporting rules and can differ from routine executive trading.