Cybin discloses Form D for stock option grant tied to $11.78 strike price
The filing covers options set to vest over eight quarterly installments starting August 19, 2026, with a total potential offering value of $261,987.
Cybin Inc. filed a Form D notice with the SEC disclosing an exempt securities offering tied to employee or director stock options. The filing marks a new notice with a date of first sale listed as August 19, 2026.1
The options carry an exercise price of $11.78 per share, expiring August 19, 2036, with vesting spread across eight quarterly tranches starting on August 19, 2026.1 The company classified the securities as an option or warrant right to acquire another security, marked "other" among its offering types.
According to the filing, the total offering amount is listed at $261,987, with $0 sold so far and the full $261,987 remaining to be sold.1 The company noted that the remaining amount reflects the maximum potential proceeds from the exercise of the options.1
The notice states four investors have already participated in the offering.1 No sales commissions or finder's fees were reported, and the filing indicates $0 in both sales commissions and finders' fees.1 Cybin also disclosed that it intends for the offering to last more than one year.1
The filing lists Cybin's principal place of business as 100 King St. West, Suite 5600, Toronto, Ontario, Canada.1 It was signed by Greg Cavers, identified as CFO, on August 28, 2026.1 The company claimed exemption under Rule 506(b) of Regulation D.1
The filing does not indicate the offering is connected to a business combination transaction, confirming that the offering is not being made in connection with a merger, acquisition, or exchange offer.1
Written by readthrough’s AI from the linked primary sources and fact-checked against them automatically before publishing. Not investment advice.