Leadership & Pay ·
Cloudastructure, Inc.'s Board approved a one-time repricing of certain outstanding stock options to align exercise…
CSAICloudastructure, Inc.
Cloudastructure, Inc.'s Board approved a one-time repricing of certain outstanding stock options to align exercise prices with the company's depressed share value. The repricing applies to approximately 340,513 unexercised options granted under the Amended and Restated 2024 Equity Incentive Plan or the 2024 Stock Option Plan that were outstanding as of May 21, 2026, with exercise prices exceeding the August 26, 2026 fair market value. The new exercise price is set at $4.97 per share, matching the closing Nasdaq price on August 26, 2026. Material terms such as vesting schedules and expiration dates remain unchanged. Named executive officers James McCormick, Greg Smitherman, and Gregory Rayzman had options repriced from original prices of $55.80 or $81.00 down to $4.97. Cloudastructure, Inc. operates in the cloud infrastructure and technology sector.