Michael P. Tarnok - 21 May 2024 Form 4 Insider Report for DYADIC INTERNATIONAL INC (DYAI)

Role
Director
Signature
/s/ Ping Rawson, attorney-in-fact
Issuer symbol
DYAI
Transactions as of
21 May 2024
Net transactions value
+$0.23
Form type
4
Filing time
23 May 2024, 15:42:57 UTC
Previous filing
15 Apr 2024
Next filing
25 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DYAI Common Stock Options Exercise $10,200 +7,500 +3.5% $1.36 223,603 21 May 2024 Direct F1
transaction DYAI Common Stock Options Exercise $7,650 +5,625 +2.5% $1.36 229,228 21 May 2024 Direct F1
transaction DYAI Common Stock Options Exercise $22,950 +16,875 +7.4% $1.36 246,103 21 May 2024 Direct F1
transaction DYAI Common Stock Tax liability $40,800 -24,431 -9.9% $1.67 221,672 21 May 2024 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
transaction DYAI Stock Option Options Exercise $0 -7,500 -100% $0.000000* 0 21 May 2024 Common Stock 7,500 $1.36 Direct F1
transaction DYAI Stock Option Options Exercise $0 -5,625 -100% $0.000000* 0 21 May 2024 Common Stock 5,625 $1.36 Direct F1
transaction DYAI Stock Option Options Exercise $0 -16,875 -100% $0.000000* 0 21 May 2024 Common Stock 16,875 $1.36 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person exercised a total of 30,000 stock options and paid the exercise price through the withholding by the Issuer of 24,431 shares of common stock underlying the stock options (equal to the value of the exercise price), based on a market price of $1.67, which was the closing price of the Issuer's common stock on May 21, 2024.