Cloudastructure (CSAI) CTO Gregory Rayzman Reprices 38,697 Options

What Happened

• Gregory Rayzman, Chief Technology Officer of Cloudastructure, had a set of outstanding option awards cancelled and re-granted on August 27, 2026. The transactions show dispositions to the issuer and simultaneous acquisitions (grants) covering a total of 38,697 underlying shares (23,056 + 13,612 + 1,945 + 84).
• The amended Form 4 (filed Sept 2, 2026) reports the repricing of those cancelled options to the closing stock price of $4.97 on August 26, 2026. Because these are derivative option grants (not open-market stock buys or sales), the Form 4 reports no cash proceeds (amounts realized = N/A).

Key Details

• Transaction date: August 27, 2026 (amended Form 4 filed Sept 2, 2026).
• Shares/options involved: total of 38,697 underlying shares re-granted via option awards (broken out as 23,056; 13,612; 1,945; 84).
• Repriced exercise price: $4.97 per share (closing price on Aug 26, 2026) as stated in the filing.
• Vesting: 25% on the first anniversary of the grant date, then ratably in 36 substantially equal monthly installments thereafter (footnote F1).
• Repriced awards retain the same vesting and expiration dates as the cancelled options (footnote F3).
• Amount realized: N/A (derivative transactions). The filing is an amendment clarifying the repricing (footnote F2).
• Shares owned after transaction: not provided in the excerpt of this filing.

Context

• These entries reflect option repricing (old options cancelled and new options granted at a new exercise price), not an open-market purchase or a sale of shares. There is no immediate cashless exercise or sale reported here.
• For retail investors: repricings reset option exercise prices to current market levels but do not by themselves indicate buying or selling by the insider; they preserve the economic incentive of the option awards going forward.