GERBER WILLIAM J 4

What Happened William J. Gerber, a director of CaliberCos Inc. (CWD), was granted 23,658 derivative securities on 2026-05-20 reported as an "A" (award/grant) on the Form 4. The filing lists these as employee stock options (the right to buy shares) granted as part of his director compensation. No exercise price or immediate market value is reported on the Form 4 (price shown as N/A), and this was an equity award rather than a market purchase or sale.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-21 (timely filing).
• Transaction type/code: A = Award/Grant of derivative securities (employee stock options).
• Quantity: 23,658 options granted. Price/total value: N/A on the Form 4.
• Shares owned after transaction: Not disclosed on the provided data.
• Footnotes: Grants are described as employee stock options under the Issuer's 2024 Equity Incentive Plan (F1) and the Amended and Restated 2017 Stock Incentive Plan (F3); they represent part of his director compensation.
• No indication of exercise or immediate sale (not a cashless exercise); vesting schedule or exercise price not provided.

Context These are option awards (rights to buy shares in the future), common as non-cash compensation for directors. Such grants do not reflect an immediate purchase or sale and therefore are less informative about the director’s current market sentiment than open-market purchases or sales. If you track insider activity, note this as a compensation-related grant rather than a tradable purchase; additional details (vesting and exercise price) would be needed to assess potential future impact.