Bentley Sheldon Richard, a founder of Cloudastructure, Inc., has reported the sale of 1,500 shares of the company’s Class A common stock. This transaction, which took place on October 14, 2026, is significant as it reflects Richard's ongoing engagement with the company's stock and may influence investor sentiment.
Cloudastructure, Inc. operates in the computer programming and data processing services sector. The company, incorporated in Delaware, has a fiscal year that ends on December 31. Its business address is located at 3000 El Camino Real, BLDG 4, Suite 200, Palo Alto, CA.
The filing indicates that the shares were sold at a weighted average price of $2.22, with prices ranging from $2.20 to $2.26. Following this transaction, Richard holds a total of 5,167 shares of Cloudastructure. The sale was executed under a Rule 10b5-1 trading plan that Richard adopted on September 1, 2026.
This sale may affect various stakeholders, including investors and analysts monitoring Cloudastructure's performance and strategy. Richard's role as a founder adds a layer of interest to the transaction, as it may signal his views on the company's future.
The filing does not specify what actions might follow this transaction.
Additional Details on the Transaction
The transaction was executed under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling shares, thereby reducing the risk of accusations of insider trading. This plan was adopted by Richard on September 1, 2026, indicating a strategic approach to his stock sales.
Following the sale, Bentley Sheldon Richard retains a direct ownership of 5,167 shares of Cloudastructure, Inc. The filing specifies that Richard's ownership is direct, meaning he has full control over these shares.
Company Information
Cloudastructure, Inc. is identified by its Central Index Key (CIK) number 0001709628 and has a trading symbol of CSAI. The company operates in the services sector, specifically in computer programming and data processing, classified under the Standard Industrial Classification (SIC) code 7370. The company was previously known as Connexed Technologies Inc., with the name change occurring on June 19, 2017.
The business address for Cloudastructure is listed as 3000 El Camino Real, BLDG 4, Suite 200, Palo Alto, CA 94306, with a contact phone number of 650-644-4160.
"The reporting person undertakes to provide to Cloudastructure, Inc., any security holder of Cloudastructure, Inc., or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4."
This statement highlights Richard's commitment to transparency in his transactions, allowing stakeholders to gain further insight into the specifics of his stock sales.