secwatch.observer — SEC 8-K summary
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Issuer:     CytoDyn Inc. (CYDY)
CIK:        0001175680
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0001193125-22-092023
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175680/000119312522092023/0001193125-22-092023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175680/000119312522092023/d324645d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-092023

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