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

Role
VP of Business Development
Signature
/s/ Ben Landen
Stock symbol
CYN
Transactions as of
Oct 19, 2021
Transactions value $
$0
Form type
3
Date filed
10/19/2021, 05:02 PM
Next filing
Aug 1, 2022

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 Oct 19, 2021 Common Stock 150K $0.23 Direct F1
holding CYN Stock Option Oct 19, 2021 Common Stock 100K $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.