Redpoint Ventures IV, L.P. - 22 Oct 2021 Form 4 Insider Report for Cyngn, Inc. (CYN)

Role: 10%+ Owner
Signature: REDPOINT VENTURES IV, L.P. By: Redpoint Ventures IV, LLC, its General Partner By: /s/ Scott Raney, Managing Director
Issuer symbol: CYN
Transactions as of: 22 Oct 2021
Net transactions value: $0
Form type: 4
Filing time: 26 Oct 2021, 17:10:04 UTC
Previous filing: 19 Oct 2021
Next filing: 12 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Ownership	Footnotes
transaction	CYN	Common Stock	Conversion of derivative security	+1,710,026		1,710,026	22 Oct 2021	Direct	F1
transaction	CYN	Common Stock	Conversion of derivative security	+43,847		43,847	22 Oct 2021	By Redpoint Associates IV, LLC	F1, F2
transaction	CYN	Common Stock	Conversion of derivative security	+560,196	+33%	2,270,222	22 Oct 2021	Direct	F1
transaction	CYN	Common Stock	Conversion of derivative security	+14,364	+33%	58,211	22 Oct 2021	By Redpoint Associates IV, LLC	F1, F2
transaction	CYN	Common Stock	Conversion of derivative security	+132,033	+5.8%	2,402,255	22 Oct 2021	Direct	F1
transaction	CYN	Common Stock	Conversion of derivative security	+3,385	+5.8%	61,596	22 Oct 2021	By Redpoint Associates IV, LLC	F1, F2

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

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	CYN	Series A Preferred Stock	Conversion of derivative security	$0	-1,710,026	-100%	$0.000000^*	22 Oct 2021	Common Stock	1,710,026	Direct	F1
transaction	CYN	Series A Preferred Stock	Conversion of derivative security	$0	-43,847	-100%	$0.000000^*	22 Oct 2021	Common Stock	43,847	By Redpoint Associates IV, LLC	F1, F2
transaction	CYN	Series B Preferred Stock	Conversion of derivative security	$0	-560,196	-100%	$0.000000^*	22 Oct 2021	Common Stock	560,196	Direct	F1
transaction	CYN	Series B Preferred Stock	Conversion of derivative security	$0	-14,364	-100%	$0.000000^*	22 Oct 2021	Common Stock	14,364	By Redpoint Associates IV, LLC	F1, F2
transaction	CYN	Series C Preferred Stock	Conversion of derivative security	$0	-132,033	-100%	$0.000000^*	22 Oct 2021	Common Stock	132,033	Direct	F1
transaction	CYN	Series C Preferred Stock	Conversion of derivative security	$0	-3,385	-100%	$0.000000^*	22 Oct 2021	Common Stock	3,385	By Redpoint Associates IV, LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Redpoint Ventures IV, L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The shares of Preferred Stock automatically converted into shares of the Company's Common Stock immediately prior to the consummation of the Company's initial public offering for no additional consideration, on a one-for-one basis, and had no expiration date.
F2	Redpoint Ventures IV, LLC ("RV IV LLC") is the sole general partner of Redpoint Ventures IV, L.P. ("RV IV"). RV IV LLC and Redpoint Associates IV, LLC ("RA IV") are under common control. As such, RV IV LLC has sole voting and investment control over the shares owned by RV IV, and may be deemed to beneficially own the shares held by RV IV. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein, except to the extent of its respective pecuniary interest therein.

Content

The shares of Preferred Stock automatically converted into shares of the Company's Common Stock immediately prior to the consummation of the Company's initial public offering for no additional consideration, on a one-for-one basis, and had no expiration date.

Redpoint Ventures IV, LLC ("RV IV LLC") is the sole general partner of Redpoint Ventures IV, L.P. ("RV IV"). RV IV LLC and Redpoint Associates IV, LLC ("RA IV") are under common control. As such, RV IV LLC has sole voting and investment control over the shares owned by RV IV, and may be deemed to beneficially own the shares held by RV IV. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein, except to the extent of its respective pecuniary interest therein.