Tyler Blok - 03 Jan 2024 Form 4 Insider Report for CytoDyn Inc. (CYDY)

Role
EVP of Legal Affairs
Signature
/s/ Tyler Blok
Issuer symbol
CYDY
Transactions as of
03 Jan 2024
Net transactions value
$0
Form type
4
Filing time
05 Jan 2024, 21:01:14 UTC
Previous filing
25 Aug 2023
Next filing
30 Oct 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CYDY Common Stock 250 03 Jan 2024 By Spouse

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) Disposed to Issuer -100,000 -100% 0 03 Jan 2024 Common Stock 100,000 $0.6700 Direct F1, F2
transaction CYDY Non-qualified stock option (right to buy) Award +100,000 100,000 03 Jan 2024 Common Stock 100,000 $0.2100 Direct F2, F3
transaction CYDY Non-qualified stock option (right to buy) Award $0 +1,000,000 $0.000000 1,000,000 03 Jan 2024 Common Stock 1,000,000 $0.2100 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the grant vested on July 25, 2023, with the balance vesting in equal monthly installments at the conclusion of each month of Continuous Service (as the term is defined in the Issuer's 2012 Equity Incentive Plan, as amended) beginning at the end of August 2023 through July 2026.
F2 The outstanding option was cancelled in exchange for a new option having a lower exercise price.
F3 35,415 shares vested on January 3, 2024; the balance will vest in equal monthly installments at the conclusion of each month of Continuous Service beginning at the end of January 2024 through July 2026.
F4 145,831 shares vested on January 3, 2024; the balance will vest in equal monthly installments at the conclusion of each month of Continuous Service beginning at the end of January 2024 through May 2027.