CYRX.NASDAQCryoport, INC

Form 4: Cryoport CFO Robert Stefanovich Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Robert Stefanovich, CFO of Cryoport, Inc., reports the conversion of restricted stock rights and subsequent sale of shares to cover taxes.

Summary

  • On March 9, 2025, Robert Stefanovich, CFO of Cryoport, Inc., converted 2,667 restricted stock rights into common stock.
  • These rights vested and converted on a one-for-one basis.
  • On March 10, 2025, Stefanovich sold 1,256 shares of common stock at a price of $4.8791 per share to cover taxes due upon the vesting of the restricted stock rights.
  • Following these transactions, Stefanovich directly owns 183,078 shares of Cryoport common stock.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding the trading activities of key personnel.

Stakeholder Impact

  • The transactions have a minimal impact on shareholders, as they involve a relatively small number of shares.

Key Dates

DateDescription
March 9, 2022Beginning of the vesting period for the originally granted restricted stock rights in four equal annual installments.
03/09/2025Conversion of 2,667 restricted stock rights to shares of common stock.
03/10/2025Sale of 1,256 shares of common stock at $4.8791 per share.
03/11/2025Date of signature for the Form 4 filing.

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