Robert Stefanovich - May 10, 2023 Form 4 Insider Report for Cryoport, Inc. (CYRX)

Signature
/s/ Robert Stefanovich
Stock symbol
CYRX
Transactions as of
May 10, 2023
Transactions value $
-$372,489
Form type
4
Date filed
5/12/2023, 06:21 PM
Previous filing
Mar 24, 2023
Next filing
Aug 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CYRX Common Stock Options Exercise $64.5K +19.9K +18.59% $3.24* 127K May 10, 2023 Direct
transaction CYRX Common Stock Sale -$437K -19.9K -15.68% $21.94 107K May 10, 2023 Direct F1

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 CYRX Options to purchase common stock Options Exercise $0 -19.9K -100% $0.00* 0 May 10, 2023 Common Stock 19.9K $3.24 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.575 to $22.27, inclusive. The reporting person undertakes to provide to Cryoport, Inc., any security holder of Cryoport, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 Options vested over four years in 48 equal installments beginning 7/28/2013.