Cloudastructure (CSAI) CEO James McCormick Reprices 62,395 Options

What Happened

• James Patrick McCormick, CEO of Cloudastructure, had several option grants cancelled and replaced on Aug 27, 2026. The filing shows dispositions to the issuer and matching grants totaling 62,395 option shares (834 + 5,556 + 44,734 + 11,187 + 84). The repriced options use a $4.97 per-share strike (closing price on Aug 26, 2026), implying an aggregate strike amount of roughly $310,100. This is a modification/repricing of derivatives (options)—not an open-market purchase or sale of stock.

Key Details

• Transaction date: Aug 27, 2026; Form filed (amended) Sep 2, 2026.
• Repricing: Options were repriced to $4.97 per share (closing price on Aug 26, 2026) as noted in the filing.
• Total option count affected: 62,395 options; aggregate strike value ≈ $310,103.
• Vesting: 25% vests on the first anniversary of the grant, then ratably over the next 36 months (per footnote F1). Footnote F3: repriced options retain the same vesting and expiration dates as the cancelled options.
• Filing status: This is an amended Form 4 reporting the repricing (footnote F2). The Form lists price as N/A for each line item but clarifies the $4.97 repricing in the notes.
• Shares owned after transaction: Not specified in this filing.

Context

• This filing reports a cancel-and-regrant (repricing) of stock options — a derivative modification rather than a purchase or sale of shares. Such adjustments are typically administrative (to align strike price with market) and do not by themselves indicate a buy or sell signal.