Ramkumar Mandalam - Dec 2, 2024 Form 4 Insider Report for Cryoport, Inc. (CYRX)

Role
Director
Signature
/s/ Ramkumar Mandalam
Stock symbol
CYRX
Transactions as of
Dec 2, 2024
Transactions value $
-$2,975
Form type
4
Date filed
12/4/2024, 07:00 PM
Previous filing
Aug 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CYRX Common Stock Options Exercise $52K +10.8K +19.34% $4.80 66.9K Dec 2, 2024 Direct F1
transaction CYRX Common Stock Sale -$55K -7.37K -11.02% $7.46 59.5K Dec 2, 2024 Direct F1, 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 CYRX Stock Option (right to buy) Options Exercise $0 -10.8K -100% $0.00 0 Dec 2, 2024 Common Stock 10.8K $4.80 Direct F1, F3
* 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 transactions reported in this Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 15, 2024. The proceeds of the sale of Common Stock were used to pay the exercise price and withholding taxes due upon exercise of the Stock Option reported in this Form 4.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.10 to $7.81, 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.
F3 The options vested ratably over forty-eight months on the 18th day of each month beginning on 1/18/2015.