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

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Lior Tal
Stock symbol: CYN
Transactions as of: Oct 19, 2021
Transactions value $: $0
Form type: 3
Date filed: 10/19/2021, 05:07 PM
Next filing: Feb 3, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	CYN	Stock Options	Oct 19, 2021	Common Stock	954K	$0.13	Direct	F1
holding	CYN	Stock Options	Oct 19, 2021	Common Stock	2.42M	$0.13	Direct	F1
holding	CYN	Stock Options	Oct 19, 2021	Common Stock	1.99M	$0.22	Direct	F1
holding	CYN	Stock Options	Oct 19, 2021	Common Stock	1.6M	$2.88	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These options are fully vested.
F2	On the first year anniversary of the date of grant of July 26, 2021, 400,000 shares of the total option will vest. Thereafter, for the next 12 months, 33,333 shares shall vest monthly, such that on the second anniversary of the date of grant an additional 400,000 shares of the total option will vest. Thereafter, for the next 48 months 16,667 shares of the option will vest monthly until the option is fully vested on the 6th anniversary of the date of grant.

Content

These options are fully vested.

On the first year anniversary of the date of grant of July 26, 2021, 400,000 shares of the total option will vest. Thereafter, for the next 12 months, 33,333 shares shall vest monthly, such that on the second anniversary of the date of grant an additional 400,000 shares of the total option will vest. Thereafter, for the next 48 months 16,667 shares of the option will vest monthly until the option is fully vested on the 6th anniversary of the date of grant.