New insider Bentley Sheldon Richard claimed ownership of 334 shares and claimed ownership of 340,372 units of Class B Common Stock (SEC Form 3)
$CSAI
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| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 01/29/2025 |
3. Issuer Name and Ticker or Trading Symbol
CLOUDASTRUCTURE, INC. [ CSAI ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Class A Common Stock | 334 | D | |
| Class B Common Stock | 340,372 | D | |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Stock Options (Right to Buy) | (1) | 04/15/2029 | Class B Common Stock | 3,189,417 | $0.02 | D | |
| Stock Options (Right to Buy) | (2) | 01/26/2032 | Class B Common Stock | 1,583,334 | $1.86 | D | |
| Stock Options (Right to Buy) | (3) | 07/01/2033 | Class B Common Stock | 108,333 | $2.7 | D | |
| Stock Options (Right to Buy) | (4) | 04/16/2034 | Class B Common Stock | 1,558,333 | $2.7 | D | |
| Explanation of Responses: |
| 1. On February 20, 2020, the Issuer granted the Reporting Person options to buy 3,739,417 shares of Class B Common Stock. The options vested completely on April 15, 2023. From these options, 550,000 were exercised and 3,189,417 are outstanding. |
| 2. On January 26, 2022, the Issuer granted the Reporting Person options to buy 1,583,334 shares of Class B Common Stock. The options vest as follows: 1/4 on January 26, 2023 and the remaining in 36 substantially equal monthly installments thereafter. |
| 3. On June 5, 2024, the Issuer granted the Reporting Person options to buy 108,333 shares of Class B Common Stock. The options vest as follows: 1/4 on July 1, 2024 and the remaining in 36 substantially equal monthly installments thereafter. |
| 4. On June 5, 2024, the Issuer granted the Reporting Person options to buy 1,558,333 shares of Class B Common Stock. The options vest as follows: 1/4 on April 16, 2025 and the remaining in 36 substantially equal monthly installments thereafter. |
| Remarks: |
| Exhibit 24 - Power of Attorney |
| /s/ Greg Smitherman, as Attorney-in-Fact for Sheldon Richard Bentley | 04/28/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||