Lisa Ricciardi - Oct 7, 2021 Form 4 Insider Report for COGNITION THERAPEUTICS INC (CGTX)

Role
CEO & President, Director
Signature
By: /s/ Lisa Ricciardi
Stock symbol
CGTX
Transactions as of
Oct 7, 2021
Transactions value $
$0
Form type
4
Date filed
10/12/2021, 09:33 PM
Next filing
Oct 14, 2021

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 +548K $0.00 548K Oct 7, 2021 Common Stock 548K $12.00 Direct F1
transaction CGTX Stock Option (right to buy) Award $0 +291K $0.00 291K Oct 7, 2021 Common Stock 291K $12.00 Direct F2
transaction CGTX Stock Option (right to buy) Award $0 +291K $0.00 291K Oct 7, 2021 Common Stock 291K $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.