Karen Macleod - Jul 13, 2022 Form 4 Insider Report for Cyngn Inc. (CYN)

Role
Director
Signature
/s/ Karen Macleod
Stock symbol
CYN
Transactions as of
Jul 13, 2022
Transactions value $
$0
Form type
4
Date filed
7/20/2022, 06:25 PM
Previous filing
May 4, 2022
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CYN Common Stock Award $0 +2.72K +5.88% $0.00 48.9K Jul 13, 2022 Direct F1
* 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 reported transaction involved the Reporting Person's receipt of 2,717 of the RSUs vested on July 13, 2022. Additional RSUs will vest monthly in equal parts over a period of three years provided that the Reporting Person remains in continuous service on each vesting date. The Reporting Person previously reported the award of the RSUs in Table II of Form 4. The total reported in Column 5 includes 48,913 RSUs previously reported in Table II, of which 2,717 have vested and issued to the Reporting Person.