CLOUDASTRUCTURE CFO Greg Smitherman Receives Repriced Options

What Happened
Greg Smitherman, CFO of CLOUDASTRUCTURE, reported cancellation of existing options and receipt of repriced option awards covering a total of 39,529 shares (26,667 + 7,889 + 4,889 + 84). The repriced options were set to the closing stock price of $4.97 on August 26, 2026, implying an aggregate notional value of about $196,459. These transactions are derivative in nature (options were cancelled and regranted) rather than open-market stock purchases or sales.

Key Details

• Transaction date: August 27, 2026 (Form 4 is an amended filing reporting the repricing).
• Repricing: Options repriced to $4.97 (closing price on Aug 26, 2026) per footnote.
• Shares/options involved: 39,529 total (broken into lots of 26,667; 7,889; 4,889; 84). All reported as derivative transactions (Disposition to issuer followed by Grant).
• Vesting/expiration: Vesting schedule retained — 25% on the first anniversary of the grant, then ratably over 36 substantially equal monthly installments (per footnote). Repriced options keep the same vesting and expiration as the cancelled options.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing status: This is an amended Form 4 filed to report the repricing (no indication here of a 10b5-1 plan or tax withholding event).

Context
These entries reflect a repricing/cancellation and regrant of option awards (derivative securities), not an open-market purchase or sale of common stock. Repricing adjusts the option strike to current market price and preserves original vesting/expiration terms; it does not itself generate proceeds to the insider unless options are later exercised and shares sold. As an amended filing, this updates prior reporting to reflect the repriced awards.