Ben Landen - 19 Oct 2021 Form 3 Insider Report for Cyngn, Inc. (CYN)

Role
VP of Business Development
Signature
/s/ Ben Landen
Issuer symbol
CYN
Transactions as of
19 Oct 2021
Net transactions value
$0
Form type
3
Filing time
19 Oct 2021, 17:02:08 UTC
Next filing
01 Aug 2022
SEC
View on sec.gov

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 CYN Stock Option 19 Oct 2021 Common Stock 150,000 $0.2300 Direct F1
holding CYN Stock Option 19 Oct 2021 Common Stock 100,000 $2.88 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 grant or 37,500 stock options, vest after the one year anniversary of the employment start date of September 23, 2019 with the remainder vesting monthly thereafter in equal amounts over three years.
F2 25% of the grant or 25,000 stock options, vest after the one year anniversary of the date of grant of July 26, 2021 with the remainder vesting monthly thereafter in equal amounts over three years.