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

Role
Director
Signature
/s/ Ping Rawson, attorney-in-fact
Stock symbol
DYAI
Transactions as of
May 21, 2024
Transactions value $
$0
Form type
4
Date filed
5/23/2024, 03:42 PM
Previous filing
Apr 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DYAI Common Stock Options Exercise $10.2K +7.5K +3.47% $1.36 224K May 21, 2024 Direct F1
transaction DYAI Common Stock Options Exercise $7.65K +5.63K +2.52% $1.36 229K May 21, 2024 Direct F1
transaction DYAI Common Stock Options Exercise $23K +16.9K +7.36% $1.36 246K May 21, 2024 Direct F1
transaction DYAI Common Stock Tax liability -$40.8K -24.4K -9.93% $1.67 222K May 21, 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 -7.5K -100% $0.00* 0 May 21, 2024 Common Stock 7.5K $1.36 Direct F1
transaction DYAI Stock Option Options Exercise $0 -5.63K -100% $0.00* 0 May 21, 2024 Common Stock 5.63K $1.36 Direct F1
transaction DYAI Stock Option Options Exercise $0 -16.9K -100% $0.00* 0 May 21, 2024 Common Stock 16.9K $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.