Form 8-K Filing: Cloudastructure, Inc. Stock Option Repricing

On August 27, 2026, Cloudastructure, Inc. announced a one-time repricing of certain outstanding stock options. This repricing, previously authorized by stockholders, applies to unexercised options granted under the 2024 Equity Incentive Plan or the 2024 Stock Option Plan that were outstanding as of May 21, 2026, and had an exercise price exceeding the Fair Market Value on August 26, 2026. Approximately 340,513 shares are affected. The exercise price for these options has been reduced to $4.97 per share, which was the closing stock price on August 26, 2026. Other material terms of the options, including the number of shares and vesting schedules, remain unchanged. This repricing affects options held by key executives, including James McCormick (CEO), Greg Smitherman (CFO), and Gregory Rayzman (CTO), with original exercise prices of $55.80 and $81.00 being reduced to $4.97.