SETH HERBST - 03 Jan 2023 Form 4 Insider Report for DYADIC INTERNATIONAL INC (DYAI)

Role
Director
Signature
/s/ Seth Herbst
Issuer symbol
DYAI
Transactions as of
03 Jan 2023
Net transactions value
$0
Form type
4
Filing time
05 Jan 2023, 18:28:26 UTC
Previous filing
14 Jun 2022
Next filing
04 Jan 2024
SEC
View on sec.gov

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 DYAI Stock Option Award $0 +35,000 $0.000000 35,000 03 Jan 2023 Common Stock 35,000 $1.38 Direct F1
transaction DYAI Restricted Stock Unit Award $0 +27,174 $0.000000 27,174 03 Jan 2023 Common Stock 27,174 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Annual grant of stock options.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F3 Receipt of restricted stock units as a result of reduction in director cash compensation.
F4 The restricted stock units will be settled 100% in Issuer's common stock when vested upon one year of service as board of director.