Birgitte Volck - 26 Aug 2022 Form 4 Insider Report for SOLENO THERAPEUTICS INC (SLNO)

Role
Director
Signature
/s/ Anish Bhatnagar, Attorney-in-Fact
Issuer symbol
SLNO
Transactions as of
26 Aug 2022
Net transactions value
$0
Form type
4
Filing time
14 Oct 2022, 18:53:03 UTC
Previous filing
14 Oct 2022
Next filing
05 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SLNO Common Stock 7,045 26 Aug 2022 Direct F1

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
holding SLNO Stock option (right to buy) 1,333 26 Aug 2022 Common Stock 1,333 $39.45 Direct F2, F3
holding SLNO Stock option (right to buy) 635 26 Aug 2022 Common Stock 635 $51.15 Direct F2, F4
holding SLNO Stock option (right to buy) 2,666 26 Aug 2022 Common Stock 2,666 $33.60 Direct F2, F4
holding SLNO Stock option (right to buy) 2,124 26 Aug 2022 Common Stock 2,124 $15.30 Direct F2, F4
holding SLNO Stock option (right to buy) 2,666 26 Aug 2022 Common Stock 2,666 $2.55 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of shares beneficially owned reflects the 1-for-15 reverse stock split effected August 26, 2022.
F2 The per share exercise price and number of shares subject to the option reflect the 1-for-15 reverse stock split effected August 26, 2022.
F3 The option vests as to 1/48th of the shares on July 10, 2019 and each one-month anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F4 All of the shares subject to this option are fully vested and exercisable as of the date hereof.
F5 The shares subject to the Option shall vest on the earlier of the twelve-month anniversary of June 1, 2022 or the day before the next annual stockholder meeting, subject to Reporting Person continuing to be a Service Provider through each such date.