SEC Form 4

Today 1-5-24 CYDY filed form 4: (STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP)

Five Board members filed (form 4) acquiring stock options of 800,000 shares each at an exercise price of .21 each. Tanya, Sims, Ndhlovu, Dunlap, Brunke each one's vesting period started Jan 3 2024 and ending on May 31, 2024.

From SEC form 4: **Explanation of Responses:**1. 466,662 shares vested on January 3, 2024; the balance will vest in equal monthly installments at the conclusion of each month of Continuous Service (as the term is defined in the Issuer's 2012 Equity Incentive Plan, as amended) from January 2024 through May 2024.

Antonio and Tyler Blok being employees have it a little differently on their vesting periods and the number of stock options.

To be brief: Antonio did not get any more share options but was able to change all of his exercise prices from various higher amounts down to .21 and has various vesting periods with Feb 2024, August 2024 and January 2026 being the final full vesting months

Tyler has July 2026 and May 2027 as full vesting months

I view these short dated vesting periods for the board members as A-typical. It leads me to believe the BoD will not be needed past the end of May 2024. As it relates to Antonio (CFO) and Tyler (VP of Legal), with longer dates for full vesting is that they may be needed to stay on for a certain period of time for transitioning of any legal and financial outstanding items.

One thing that I believe is form 4s do not show or will not show is "accelerated vesting" on change of ownership. Usually C-suite or very senior leadership have this clause written into their employment agreement. During an acquisition (change of ownership) any outstanding (non-vested shares) would become fully vested.

This is one more item that I would put into the buyout column.

2024 is going be a wonderful year!