Cloudastructure (CSAI) Director Craig K. Johnson Reprices Options

What Happened
Craig K. Johnson, a director of Cloudastructure, had a set of stock options cancelled by the issuer and simultaneously granted replacement options covering a total of 10,835 underlying shares (834 + 6,667 + 3,334). The replacement options were repriced to the company’s closing share price of $4.97 on August 26, 2026. These entries on the Form 4 are derivative transactions (options), not open-market buys or sales, and no exercise or sale of underlying shares is reported.

Key Details

• Transaction date reported: August 27, 2026 (Form filed September 2, 2026; this submission is an amended Form 4).
• Repriced strike/reference price: $4.97 per share (per footnote).
• Options involved: three groups totaling 10,835 underlying shares (834; 6,667; 3,334).
• Vesting/terms: repriced options retain the same vesting and expiration dates as the cancelled options (per footnote). Vesting schedules include a 25% cliff at the first anniversary then ratable monthly vesting over 36 months for some grants (F1) and a two‑year vesting period for others (F4).
• Shares owned after transaction: not disclosed in the filing.
• Filing status: amended Form 4 (the amendment is noted on the filing). The filing does not indicate other special plans (e.g., 10b5‑1) or tax-withholding in the reported entries.

Context
This is a repricing/regrant of options (disposition to the issuer of cancelled options and simultaneous grant of new options). That is a corporate action to adjust option economics rather than an insider buying or selling shares in the market. For retail investors, purchases are generally a stronger direct signal of insider conviction; repricings mainly reflect company/insider negotiations to preserve option value and retain executives or directors under prior terms.