Karen Macleod - May 2, 2022 Form 4 Insider Report for Cyngn Inc. (CYN)

Role
Director
Signature
/s/ Karen Macleod
Stock symbol
CYN
Transactions as of
May 2, 2022
Transactions value $
$0
Form type
4
Date filed
5/4/2022, 08:51 AM
Previous filing
Jan 3, 2022
Next filing
Jul 20, 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
transaction CYN Restricted Stock Units Award $0 +48.9K $0.00 48.9K May 2, 2022 Common Stock 48.9K Direct F1
transaction CYN Restricted Stock Units Award $0 +32.6K $0.00 32.6K May 2, 2022 Common Stock 32.6K 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.