Jerrell Shelton - Mar 9, 2024 Form 4 Insider Report for Cryoport, Inc. (CYRX)

Signature
/s/Jerrell Shelton
Stock symbol
CYRX
Transactions as of
Mar 9, 2024
Transactions value $
-$453,764
Form type
4
Date filed
3/19/2024, 07:48 PM
Previous filing
Sep 5, 2023
Next filing
Mar 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CYRX Common Stock Options Exercise $0 +8.25K +1.3% $0.00 641K Mar 9, 2024 Direct F1
transaction CYRX Common Stock Sale -$60.9K -3.72K -0.58% $16.35 637K Mar 11, 2024 Direct F2
transaction CYRX Common Stock Sale -$54K -2.6K -0.41% $20.79 634K Mar 15, 2024 Direct F2
transaction CYRX Common Stock Award $0 +14.9K +2.35% $0.00 649K Mar 15, 2024 Direct F3
transaction CYRX Common Stock Options Exercise $480K +100K +15.4% $4.80 749K Mar 15, 2024 Direct
transaction CYRX Common Stock Sale -$819K -54.4K -7.27% $15.04 695K Mar 15, 2024 Direct F4

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 Restricted Stock Rights Options Exercise $0 -8.25K -50% $0.00 8.25K Mar 9, 2024 Common Stock 8.25K Direct F1, F5
transaction CYRX Stock Option (right to buy) Options Exercise $0 -100K -96% $0.00 4.17K Mar 15, 2024 Common Stock 100K $4.80 Direct F6
transaction CYRX Stock Option (right to buy) Award $0 +33.5K $0.00 33.5K Mar 15, 2024 Common Stock 33.5K $16.70 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of restricted stock rights to shares of common stock upon vesting. Each restricted stock right represents a contingent right to receive one share of CYRX common stock.
F2 Shares required to be sold in accordance with the Issuer's policies, in payment of taxes due upon the vesting of restricted stock rights.
F3 Represents restricted stock rights, which are a contingent right to receive one share of CYRX common stock, that vest in four equal annual installments beginning March 15, 2025.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.84 to $15.28, 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.
F5 The originally granted restricted stock rights vest in four equal annual installments beginning 3/9/2022, and have no expiration date. The restricted stock rights reported herein vested and converted to shares of CYRX common stock on a one-for-one basis on March 9, 2024.
F6 1/48 of the options vested on the 18th of each month for forty-eight months beginning on January 18, 2015.
F7 1/48 of options vest on the 15th of each month for forty-eight months beginning April 25, 2024.