James McDonnell - May 27, 2023 Form 4 Insider Report for Cyngn Inc. (CYN)

Role: Director
Signature: /s/ James McDonnell
Stock symbol: CYN
Transactions as of: May 27, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/31/2023, 06:00 PM
Previous filing: Jul 20, 2022
Next filing: May 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CYN	Common Stock	Award	$0	+36K	+44.16%	$0.00	118K	May 27, 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The reported transaction involved the Reporting Person's receipt of an annual grant of 36,000 restricted stock units. The 36,000 restricted stock units shall vest in its entirety one year from the date of grant provided that the Reporting Person remains in continuous service on the vesting date. The Reporting Person has reported prior annual awards of restricted stock in Table II of Form 4. The total reported in Column 5 includes the (i) 36,000 newly awarded restricted stock units, (ii) 32,609 restricted stock units previously reported in Table II, of which all 32,609 have vested and issued to the Reporting Person, (iii) 48,913 restricted stock units, of which 12,228 have vested and issued to the Reporting Person, and (iv) 1,250 shares of common stock.

Content

The reported transaction involved the Reporting Person's receipt of an annual grant of 36,000 restricted stock units. The 36,000 restricted stock units shall vest in its entirety one year from the date of grant provided that the Reporting Person remains in continuous service on the vesting date. The Reporting Person has reported prior annual awards of restricted stock in Table II of Form 4. The total reported in Column 5 includes the (i) 36,000 newly awarded restricted stock units, (ii) 32,609 restricted stock units previously reported in Table II, of which all 32,609 have vested and issued to the Reporting Person, (iii) 48,913 restricted stock units, of which 12,228 have vested and issued to the Reporting Person, and (iv) 1,250 shares of common stock.