Nitya G. Ray - 06 Aug 2021 Form 4 Insider Report for CytoDyn Inc. (CYDY)

Role
Chief Technology Officer
Signature
/s/ Antonio Migliarese Attorney-in-fact
Issuer symbol
CYDY
Transactions as of
06 Aug 2021
Net transactions value
$0
Form type
4
Filing time
10 Aug 2021, 18:19:56 UTC
Next filing
08 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CYDY Common stock Award $0 +34,801 +17% $0.000000 234,801 06 Aug 2021 Direct F1
transaction CYDY Common stock Award $0 +52,500 +22% $0.000000 287,301 06 Aug 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CYDY Non-qualified stock option (right to buy) Award $0 +500,000 $0.000000 500,000 06 Aug 2021 Common stock 500,000 $1.32 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Nitya G. Ray is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares received in lieu of 50% of a cash incentive bonus paid for services performed during the fiscal year ended May 31, 2021, which may be paid (a) 100% in cash or (b) 50% in stock and 50% in cash, as determined by the issuer's compensation committee of the board of directors.
F2 Represents shares received in satisfaction of performance share award based on the achievement of specified performance goals for the fiscal year ended May 31, 2021, as determined by the issuer's compensation committee of the board of directors.
F3 The option vests in three equal annual installments beginning on August 6, 2022.