Jack W. Schuler - Aug 2, 2022 Form 4 Insider Report for SOLENO THERAPEUTICS INC (SLNO)

Role
10%+ Owner
Signature
/s/ Jack W. Schuler
Stock symbol
SLNO
Transactions as of
Aug 2, 2022
Transactions value $
-$487,962
Form type
4
Date filed
10/14/2022, 07:11 PM
Previous filing
Jun 22, 2022
Next filing
Aug 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLNO Common Stock Sale -$901 -353 -0.05% $2.55 647K Aug 2, 2022 See footnote F1, F2
transaction SLNO Common Stock Sale -$6.39K -2.52K -0.39% $2.54 644K Aug 3, 2022 See footnote F1, F2, F3
transaction SLNO Common Stock Sale -$12.6K -5.1K -0.79% $2.46 639K Aug 4, 2022 See footnote F1, F2, F4
transaction SLNO Common Stock Sale -$16.9K -6.7K -1.05% $2.52 633K Aug 5, 2022 See footnote F1, F2, F5
transaction SLNO Common Stock Sale -$18K -6.82K -1.08% $2.64 626K Aug 8, 2022 See footnote F1, F2, F6
transaction SLNO Common Stock Sale -$21.2K -8.01K -1.28% $2.65 618K Aug 10, 2022 See footnote F1, F2, F7
transaction SLNO Common Stock Sale -$7.26K -2.68K -0.43% $2.72 615K Aug 11, 2022 See footnote F1, F2, F8
transaction SLNO Common Stock Sale -$44.2K -16.7K -2.71% $2.65 598K Aug 12, 2022 See footnote F1, F2, F9
transaction SLNO Common Stock Sale -$156K -53.3K -8.91% $2.93 545K Aug 15, 2022 See footnote F1, F2, F10
transaction SLNO Common Stock Sale -$22.2K -7.72K -1.42% $2.88 537K Aug 16, 2022 See footnote F1, F2, F11
transaction SLNO Common Stock Sale -$15.1K -5.21K -0.97% $2.90 532K Aug 17, 2022 See footnote F1, F2, F12
transaction SLNO Common Stock Sale -$30.4K -10.8K -2.04% $2.80 521K Aug 18, 2022 See footnote F1, F2, F13
transaction SLNO Common Stock Sale -$21.5K -7.88K -1.51% $2.73 513K Aug 19, 2022 See footnote F1, F2, F14
transaction SLNO Common Stock Sale -$12.2K -4.57K -0.89% $2.68 509K Aug 22, 2022 See footnote F1, F2, F15
transaction SLNO Common Stock Sale -$454 -173 -0.03% $2.62 509K Aug 23, 2022 See footnote F1, F2, F16
transaction SLNO Common Stock Sale -$27.2K -10.9K -2.14% $2.50 498K Aug 24, 2022 See footnote F1, F2, F17
transaction SLNO Common Stock Sale -$20.3K -8.39K -1.69% $2.42 489K Aug 25, 2022 See footnote F1, F2, F18
transaction SLNO Common Stock Sale -$54.7K -22.7K -4.63% $2.41 467K Aug 26, 2022 See footnote F1, F2, F19
holding SLNO Common Stock 527K Aug 2, 2022 See footnote F1, F20

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 Warrant (right to buy) 10.1K Aug 2, 2022 Common Stock 10.1K $30.00 See footnote F2, F21
holding SLNO Warrant (right to buy) 267K Aug 2, 2022 Common Stock 267K $4.50 See footnote F20, F21
* 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 (the "Stock Split").
F2 The securities are held by the Jack W. Schuler Living Trust, for which the Reporting Person serves as Trustee.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.5238 to $2.5463, which sale prices reflect the Stock Split. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3) through (19) to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.433 to $2.5305, which sale prices reflect the Stock Split.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.4765 to $2.535, which sale prices reflect the Stock Split.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.574 to $2.685, which sale prices reflect the Stock Split.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.61 to $2.7285, which sale prices reflect the Stock Split.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.715 to $2.7165, which sale prices reflect the Stock Split.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.58 to $2.6955, which sale prices reflect the Stock Split.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.85 to $3.03, which sale prices reflect the Stock Split.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.85 to $2.964, which sale prices reflect the Stock Split.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.8155 to $2.9685, which sale prices reflect the Stock Split.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.775 to $2.9895, which sale prices reflect the Stock Split.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.7015 to $2.7510, which sale prices reflect the Stock Split.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.598 to $2.736, which sale prices reflect the Stock Split.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.6175 to $2.6228, which sale prices reflect the Stock Split.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.4405 to $2.535, which sale prices reflect the Stock Split.
F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.40 to $2.4735, which sale prices reflect the Stock Split.
F19 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.40 to $2.4495, which sale prices reflect the Stock Split.
F20 The securities are held by the Schuler Education Foundation, for which the Reporting Person serves as President.
F21 The per share exercise price and number of shares subject to the warrant reflect the 1-for-15 reverse stock split effected August 26, 2022.

Remarks:

The aggregate of 180,523 shares sold from August 2, 2022 through August 26, 2022 (which share amount reflects the 1-for-15 reverse stock split effected August 26, 2022 (the "Stock Split")) are matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, with a purchase of shares by the Jack W. Schuler Living Trust that occurred on March 31, 2022. As each post-Stock Split per share price at which the 180,523 shares were sold is lower in each instance than the post-Stock Split per share price of the shares purchased on March 31, 2022, there are no profits to disgorge to the Issuer.