Jade Leung - May 15, 2023 Form 3 Insider Report for CaliberCos Inc. (CWD)

Role: CFO
Signature: /s/ Jade Leung
Stock symbol: CWD
Transactions as of: May 15, 2023
Transactions value $: $0
Form type: 3
Date filed: 5/15/2023, 05:25 PM
Next filing: Sep 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CWD	Class A Common Stock						154K	May 15, 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
holding	CWD	Employee Stock Options (right to buy)							May 15, 2023	Class A Common Stock	386K	$3.36	Direct	F2
holding	CWD	Employee Stock Options (right to buy)							May 15, 2023	Class A Common Stock	59.5K	$5.85	Direct	F3
holding	CWD	Employee Stock Options (right to buy)							May 15, 2023	Class A Common Stock	5.42K	$6.49	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units ("RSUs") granted pursuant to Issuer's Amended and Restated 2017 Stock Incentive Plan. The RSUs are common stock equivalents and represent a contingent right to receive common stock of Issuer upon vesting. Of such RSUs (i) 118,903 were granted December 31, 2021, and are fully vested; (ii) 5,421 were granted on December 31, 2021, and vest one-quarter on each of February 19, 2022, 2023, 2024 and 2025; and (iii) 29,726 were granted April 1, 2022, vest one-quarter on April 1, 2023, and 1/36th per month thereafter.
F2	Employee stock options (right to buy)("Options") granted January 1, 2016. Such Options are fully vested.
F3	Options granted December 31, 2019 pursuant to Issuer's Amended and Restated 2017 Stock Incentive Plan. The Options vest one-quarter on the first anniversary date of the grant and 1/36th per month thereafter until fully vested on December 31, 2023.
F4	Options granted January 1, 2021 pursuant to Issuer's Amended and Restated 2017 Stock Incentive Plan. The Options vest one-quarter on the first anniversary date of the grant and 1/36th per month thereafter until fully vested on January 1, 2025.