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

Role: Director
Signature: /s/ Anish Bhatnagar, Attorney-in-Fact
Stock symbol: SLNO
Transactions as of: Aug 26, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/14/2022, 06:53 PM
Previous filing: Oct 14, 2022
Next filing: Jun 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SLNO	Common Stock						7.05K	Aug 26, 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)						1.33K	Aug 26, 2022	Common Stock	1.33K	$39.45	Direct	F2, F3
holding	SLNO	Stock option (right to buy)						635	Aug 26, 2022	Common Stock	635	$51.15	Direct	F2, F4
holding	SLNO	Stock option (right to buy)						2.67K	Aug 26, 2022	Common Stock	2.67K	$33.60	Direct	F2, F4
holding	SLNO	Stock option (right to buy)						2.12K	Aug 26, 2022	Common Stock	2.12K	$15.30	Direct	F2, F4
holding	SLNO	Stock option (right to buy)						2.67K	Aug 26, 2022	Common Stock	2.67K	$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.