Cloudastructure (CSAI) Director Qashu Ruba Reprices, Receives Options

What Happened

• Director Qashu Ruba had a set of previously issued options cancelled and replaced with repriced option awards on August 27, 2026. The transactions report dispositions to the issuer (cancellations) and simultaneous grants/awards (regrants) covering 1,389; 5,556; and 3,334 option shares — a total of 10,279 options. The repriced awards were set to the closing stock price of $4.97 on August 26, 2026. These are derivative transactions (options), not open-market stock purchases or sales.

Key Details

• Transaction date: 2026-08-27; amended Form 4 filed: 2026-09-02 (the filing is amended and was submitted several days after the transaction).
• Repriced strike/award price: $4.97 per share (repriced to the Aug 26, 2026 close).
• Option counts (by reported entries): 1,389; 5,556; 3,334 — total 10,279 options.
• Vesting: some grants vest 25% on the first anniversary then ratably over 36 months (F1); others vest over a 2-year period (F4). The repriced options keep the same vesting and expiration as the cancelled options (F3).
• Shares/derivative holdings after the transaction: not specified in the provided filing excerpt.
• Nature of transactions: cancellations and regrants (repricing), not an immediate sale of underlying shares.

Context

• Repricing means existing options were cancelled and replacement options granted with a new strike of $4.97; these options only have value to the holder if the stock rises above the strike price. There is no indication in this filing that any underlying shares were sold immediately (no cashless exercise or sale reported). Because this is an amended Form 4 filed after the transaction date, investors should note the timing difference; Form 4s are typically due within two business days of the transaction.