Lisa Ricciardi - 07 Oct 2021 Form 4 Insider Report for COGNITION THERAPEUTICS INC (CGTX)

Role
CEO & President, Director
Signature
By: /s/ Lisa Ricciardi
Issuer symbol
CGTX
Transactions as of
07 Oct 2021
Net transactions value
$0
Form type
4
Filing time
12 Oct 2021, 21:33:51 UTC
Next filing
14 Oct 2021
SEC
View on sec.gov

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 CGTX Stock Option (right to buy) Award $0 +547,965 $0.000000 547,965 07 Oct 2021 Common Stock 547,965 $12.00 Direct F1
transaction CGTX Stock Option (right to buy) Award $0 +290,509 $0.000000 290,509 07 Oct 2021 Common Stock 290,509 $12.00 Direct F2
transaction CGTX Stock Option (right to buy) Award $0 +290,509 $0.000000 290,509 07 Oct 2021 Common Stock 290,509 $12.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 - 25% of the shares of common stock underlying the option vested on June 1, 2021. The remaining shares underlying the option vest in equal monthly installments thereafter for thirty-six (36) months, on the last day of each such month.
F2 - 25% of the shares of common stock underlying the option vest on the closing of the issuer's initial public offering. The remaining shares underlying the option vest in equal monthly installments thereafter for thirty-six (36) months, on the last day of each such month.