Form 4: Dyadic Director Jack Kaye Reports Equity Transactions

Dyadic International Director Jack Kaye reported the settlement of previously vested restricted stock units into common stock and received new annual grants of stock options and restricted stock units.

Summary

• Jack Kaye, a Director of Dyadic International Inc. (DYAI), reported changes in his beneficial ownership.
• On January 2, 2026, 21,552 restricted stock units (RSUs) that had previously vested were settled into common stock.
• Following this settlement, Kaye beneficially owns 81,201 shares of common stock directly.
• Kaye also received an annual grant of 67,500 stock options with an exercise price of $0.94, exercisable from January 2, 2027, and expiring on January 2, 2036.
• Additionally, Kaye received an annual grant of 39,894 restricted stock units, which will vest and settle into common stock on the first anniversary of the grant date (January 2, 2027), subject to continued service as a board member.

Sentiment

Score: 6

Explanation: The filing reports routine equity compensation for a director, including the settlement of vested restricted stock units and new grants of stock options and restricted stock units. This indicates continued alignment of the director's interests with the company's performance.

Positives

• Director Jack Kaye received new annual grants of 67,500 stock options and 39,894 restricted stock units, aligning his interests with shareholders.
• The settlement of 21,552 previously vested restricted stock units into common stock increases the director's direct ownership of the company's equity.

Risks

• The value of the newly granted stock options and restricted stock units is subject to the future performance of Dyadic International Inc.'s common stock.
• The vesting of the 39,894 restricted stock units is contingent upon continued service as a member of the board of directors.

Future Outlook

The 39,894 restricted stock units granted on January 2, 2026, are expected to vest and settle into common stock on January 2, 2027, subject to continued service. The 67,500 stock options granted on January 2, 2026, will become exercisable on January 2, 2027, and expire on January 2, 2036.

Industry Context

This filing is a standard report of insider equity transactions and does not provide information related to broader industry trends or competitors. Equity grants are a common practice for executive and director compensation across various industries to align interests with shareholders.

Stakeholder Impact

• Shareholders: The grants of stock options and restricted stock units align the director's financial interests with shareholder value creation.

Next Steps

• The 39,894 restricted stock units are scheduled to vest on January 2, 2027, contingent on continued service.
• The 67,500 stock options will become exercisable on January 2, 2027.

Key Dates

Keywords

Dyadic International Inc., DYAI, Jack Kaye, Director, Form 4, Insider Transaction, Stock Options, Restricted Stock Units, Equity Grant, Beneficial Ownership