{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-157432","form_type":"8-K","ticker":"CYDY","cik":"0001175680","company_name":"CytoDyn Inc.","filed_at":"2022-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:59.945135+00:00","generated_at":"2026-06-25T08:07:20.221433+00:00","sec_items":["1.01","3.02","5.02"],"event_type":"litigation","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CytoDyn settles former CMO suit, grants 8.3M shares & 7M warrants; board member resigns","bullets":["Settlement with former CMO Richard Pestell resolves breach-of-contract lawsuit; CytoDyn relinquishes 8,342,000 shares and removes transfer restrictions.","Company grants Pestell three-year warrants to purchase 7,000,000 shares at $0.37 per share, plus registration rights.","Parties dismiss lawsuit and release all claims; intangible assets from ProstaGene transaction transferred to Pestell.","Board member Jordan G. Naydenov resigned effective May 17, 2022, with no reason given."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-157432","json":"https://secwatch.observer/filing/0001193125-22-157432.json","markdown":"https://secwatch.observer/filing/0001193125-22-157432.md","text":"https://secwatch.observer/filing/0001193125-22-157432.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1175680/000119312522157432/0001193125-22-157432-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1175680/000119312522157432/d306532d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T08:07:20.221433+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e0d6b37f99","claim":"Jordan G. Naydenov resigned as Board member at CytoDyn Inc..","evidence_excerpt":"On May 17, 2022, Jordan G. Naydenov provided written notice to the Company’s Corporate Secretary of his resignation as a Board member of the Company as of May 17, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1175680/000119312522157432/0001193125-22-157432-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Board member"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}