SCHULER JACK W - 27 Jul 2021 Form 4 Insider Report for SOLENO THERAPEUTICS INC (SLNO)

Role
10%+ Owner
Signature
/s/ Jack W. Schuler
Issuer symbol
SLNO
Transactions as of
27 Jul 2021
Net transactions value
-$146,348
Form type
4
Filing time
04 Apr 2022, 16:59:40 UTC
Previous filing
01 Jul 2021
Next filing
17 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLNO Common Stock Sale $17,074 -19,748 -0.48% $0.8646* 4,065,044 27 Jul 2021 See Footnote F1
transaction SLNO Common Stock Sale $39,120 -49,841 -1.2% $0.7849 4,015,203 17 Aug 2021 See Footnote F1
transaction SLNO Common Stock Sale $2,270 -2,599 -0.06% $0.8735* 4,012,604 22 Sep 2021 See Footnote F1
transaction SLNO Common Stock Sale $87,600 -100,000 -2.5% $0.8760* 3,912,604 23 Sep 2021 See Footnote F1
transaction SLNO Common Stock Sale $284 -800 -0.02% $0.3548 3,911,804 10 Feb 2022 See Footnote F1
transaction SLNO Common Stock Purchase +4,000,000 +102% 7,911,804 31 Mar 2022 See Footnote F1, F2
holding SLNO Common Stock 9,707,848 27 Jul 2021 See Footnote F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SLNO Warrant (right to buy) Purchase +4,000,000 4,000,000 31 Mar 2022 Common Stock 4,000,000 $0.3000 See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities are held by the Schuler Education Foundation (formerly the Schuler Family Foundation), for which the Reporting Person serves as President.
F2 Each share of common stock was purchased together with one (1) warrant to purchase one (1) share of common stock for an aggregate price of $0.25.
F3 The shares are held by the Jack W. Schuler Living Trust, for which the Reporting Person serves as Trustee..

Remarks:

800 of the shares purchased on March 31, 2022 are matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, with certain prior sales of shares by the Schuler Education Foundation. The Schuler Education Foundation has disgorged to the Issuer, on a voluntary basis, the full amount of any recoverable profits.