Form 4: Cyabra CRO Emmanuel Heymann Acquires Stock Options

Cyabra's Chief Revenue Officer, Emmanuel Heymann, acquired new stock options as part of the company's recent business combination and 2026 Omnibus Incentive Plan.

Summary

• Emmanuel Heymann, Chief Revenue Officer of CYABRA, INC. (CYAB), reported the acquisition of derivative securities (stock options) on March 27, 2026.
• The transaction involved two stock options to purchase Common Stock of Cyabra, Inc.
• The first option, a 'January 2023 Replacement Option', allows the purchase of 25,264 shares at an exercise price of $1.00 per share, expiring on February 19, 2033.
• This option vests over a period of three years and ten months from January 1, 2023, with 25% vested after 10 months and the remaining 75% vesting in equal monthly portions over the subsequent 36 months.
• The second option, a 'January 2025 Replacement Option', allows the purchase of 28,883 shares at an exercise price of $7.53 per share, expiring on February 19, 2033.
• This option vests over a period of three years and ten months from January 1, 2025, with 25% vested after 10 months and the remaining 75% vesting in equal monthly portions over the subsequent 36 months.
• Both replacement options were issued under the Cyabra, Inc. 2026 Omnibus Incentive Plan.
• These options were received in connection with Cyabra's business combination with Trailblazer Merger Corporation I, where previous options to purchase Cyabra ordinary shares were cancelled and replaced with options for the Issuer's shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as it signifies continued executive commitment and alignment with shareholder interests through long-term equity incentives following a significant corporate event.

Positives

• The acquisition of stock options by a Chief Revenue Officer aligns management's interests with those of shareholders, incentivizing long-term performance.
• The issuance of replacement options ensures continuity of executive incentives following the business combination, supporting executive retention and motivation.

Future Outlook

The vesting schedules for the acquired stock options extend over several years, indicating a long-term incentive structure designed to retain the Chief Revenue Officer and align his performance with the company's future growth and success following the business combination.

Industry Context

StockSavvy.ai notes that the issuance of equity-based compensation, such as stock options, to key executives is a standard practice across industries, particularly in technology and growth-oriented companies. This practice aims to align executive incentives with shareholder value creation and is a common feature in post-merger integration to retain talent and ensure continuity.

Corporate Governance

Stakeholder Impact

• Shareholders: Potential for future dilution upon exercise of options, but also benefit from increased executive alignment and motivation for long-term company performance.
• Employees (specifically the Chief Revenue Officer): Enhanced compensation package and long-term incentive to contribute to the company's success.

Next Steps

• The January 2023 Replacement Option will continue to vest monthly until fully vested by the thirty-sixth month from January 1, 2023.
• The January 2025 Replacement Option will continue to vest monthly until fully vested by the thirty-sixth month from January 1, 2025.

Key Dates

Keywords

Cyabra, CYAB, Emmanuel Heymann, Chief Revenue Officer, Stock Options, Insider Transaction, SEC Form 4, Beneficial Ownership, Executive Compensation, Business Combination, Merger Agreement, Omnibus Incentive Plan