CaliberCos Inc. — Director's Dealing 2023

May 15, 2023

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CaliberCos Inc. (CWD)
CIK: 0001627282
Period of Report: 2023-05-15

Reporting Person: BADE ROY JOHN (Ch. Development Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	70662	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Options (right to buy)	$3.36	2026-01-01	Class A Common Stock (445888)		Direct
Employee Stock Options (right to buy)	$6.49	2031-01-01	Class A Common Stock (3613)		Direct

Footnotes

F1: Class A common stock owned by Wave Investments LLC, an Arizona limited liability company, of which the Reporting Person is the sole manager.

F2: Employee stock options (right to buy)("Options") granted January 1, 2016. Such Options are fully vested.

F3: Options granted January 1, 2021, pursuant to Issuer's Amended and Restated 2017 Stock Incentive Plan. The Options vest one-quarter on the first anniversary date of the grant and 1/36th per month thereafter until fully vested on January 1, 2025.