---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-092023"
form_type: "8-K"
ticker: "CYDY"
cik: "0001175680"
company_name: "CytoDyn Inc."
filed_at: "2022-03-31T23:59:59+00:00"
generated_at: "2026-06-26T11:41:17.583576+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# CytoDyn issues 932,272 shares to two former executives for ~$0.5M severance

## Summary
- Issued 932,272 shares of common stock to two former executive officers as severance payments.
- Aggregate consideration approximately $0.5 million net of payroll deductions and withholding taxes.
- Number of shares based on closing price on due dates; reliance on Section 4(a)(2) exemption.
- Sales exceeded 1% of shares outstanding as of March 24, 2022, triggering Item 3.02 disclosure.

## SEC filing metadata
- accession: 0001193125-22-092023
- form_type: 8-K
- ticker: CYDY
- cik: 0001175680
- company_name: CytoDyn Inc.
- filed_at: 2022-03-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175680/000119312522092023/0001193125-22-092023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175680/000119312522092023/d324645d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-092023
- JSON: https://secwatch.observer/filing/0001193125-22-092023.json
- Plain text: https://secwatch.observer/filing/0001193125-22-092023.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.