James McDonnell - 02 May 2022 Form 4 Insider Report for Cyngn Inc. (CYN)

Role
Director
Signature
/s/ James McDonnell
Issuer symbol
CYN
Transactions as of
02 May 2022
Net transactions value
$0
Form type
4
Filing time
03 May 2022, 21:07:36 UTC
Previous filing
17 Nov 2021
Next filing
20 Jul 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
transaction CYN Restricted Stock Units Award $0 +48,913 $0.000000 48,913 02 May 2022 Common Stock 48,913 Direct F1
transaction CYN Restricted Stock Units Award $0 +32,609 $0.000000 32,609 02 May 2022 Common Stock 32,609 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs shall vest monthly in equal parts over a period of three years beginning on June 1, 2022 provided that the Reporting Person remains in continuous service on each vesting date.
F2 The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs shall vest in its entirety one year from the date of grant provided that the Reporting Person remains in service on the vesting date.